Key Points
- Insider sale: EVP Vincent O’bell sold 3,000 Norwood Financial shares for approximately $103,560, reducing his holdings by 40.58% to 4,392 shares.
- Financial performance: Norwood Financial reported quarterly EPS of $0.86, slightly below the $0.87 consensus estimate, while revenue of $29.37 million exceeded expectations of $28.10 million.
- Valuation and shareholder returns: The stock recently traded near its 52-week high at $34.71, and the company pays a quarterly dividend of $0.32 per share, representing a 3.7% annualized yield. Analysts maintain a “Moderate Buy” consensus with a $35 price target.
Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) EVP Vincent O'bell sold 3,000 shares of the firm's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $34.52, for a total value of $103,560.00. Following the transaction, the executive vice president owned 4,392 shares in the company, valued at approximately $151,611.84. This trade represents a 40.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Norwood Financial Price Performance
Shares of NASDAQ NWFL opened at $34.71 on Friday. The business has a fifty day moving average price of $33.10 and a two-hundred day moving average price of $31.17. The stock has a market capitalization of $378.34 million, a PE ratio of 11.97 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. Norwood Financial Corp. has a fifty-two week low of $23.82 and a fifty-two week high of $35.48.
Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). Norwood Financial had a return on equity of 12.88% and a net margin of 18.68%.The company had revenue of $29.37 million for the quarter, compared to analyst estimates of $28.10 million. As a group, equities analysts predict that Norwood Financial Corp. will post 3.47 earnings per share for the current fiscal year.
Norwood Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Wednesday, July 15th. Norwood Financial's dividend payout ratio is presently 44.14%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on NWFL. Weiss Ratings restated a "buy (b)" rating on shares of Norwood Financial in a research report on Friday, July 24th. Wall Street Zen cut shares of Norwood Financial from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, Stephens restated a "mixed" rating and set a $35.00 price objective (up from $34.00) on shares of Norwood Financial in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.00.
View Our Latest Stock Report on Norwood Financial
Hedge Funds Weigh In On Norwood Financial
A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of Norwood Financial by 40.1% in the fourth quarter. Wellington Management Group LLP now owns 888,812 shares of the financial services provider's stock worth $24,931,000 after purchasing an additional 254,259 shares during the last quarter. BlackRock Inc. acquired a new position in Norwood Financial during the 2nd quarter worth about $24,960,000. Geode Capital Management LLC lifted its holdings in Norwood Financial by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider's stock worth $5,205,000 after buying an additional 6,238 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Norwood Financial in the 2nd quarter valued at about $5,603,000. Finally, Bulldog Investors LLP grew its position in shares of Norwood Financial by 165.0% in the 1st quarter. Bulldog Investors LLP now owns 170,000 shares of the financial services provider's stock valued at $5,001,000 after buying an additional 105,855 shares during the last quarter. Institutional investors and hedge funds own 28.08% of the company's stock.
About Norwood Financial
(
Get Free Report)
Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest-bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.
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