Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) Director Andrew Forte acquired 485 shares of the firm's stock in a transaction on Friday, April 25th. The stock was bought at an average price of $24.50 per share, with a total value of $11,882.50. Following the purchase, the director now directly owns 6,405 shares of the company's stock, valued at $156,922.50. This represents a 8.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Norwood Financial Stock Up 1.5 %
Norwood Financial stock opened at $24.84 on Wednesday. The stock has a market capitalization of $230.09 million, a price-to-earnings ratio of 2,484.00 and a beta of 0.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average of $24.21 and a two-hundred day moving average of $26.76. Norwood Financial Corp. has a twelve month low of $21.25 and a twelve month high of $34.50.
Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. The company had revenue of $20.20 million for the quarter, compared to analysts' expectations of $20.60 million. As a group, research analysts expect that Norwood Financial Corp. will post 2.51 earnings per share for the current year.
Norwood Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.24 annualized dividend and a dividend yield of 4.99%. Norwood Financial's dividend payout ratio is currently 1,377.78%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of NWFL. State Street Corp boosted its position in shares of Norwood Financial by 2.5% during the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider's stock worth $2,755,000 after purchasing an additional 2,402 shares in the last quarter. Barclays PLC boosted its holdings in Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider's stock worth $270,000 after buying an additional 7,215 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Norwood Financial by 250.5% during the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider's stock worth $384,000 after buying an additional 9,950 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Norwood Financial during the fourth quarter worth about $1,394,000. Finally, Emerald Advisers LLC purchased a new position in Norwood Financial in the fourth quarter valued at about $122,000. Institutional investors and hedge funds own 28.08% of the company's stock.
Analysts Set New Price Targets
NWFL has been the topic of a number of research reports. Piper Sandler initiated coverage on Norwood Financial in a research note on Wednesday, January 8th. They set a "neutral" rating and a $28.00 price target on the stock. StockNews.com upgraded shares of Norwood Financial from a "sell" rating to a "hold" rating in a research report on Tuesday. Stephens reaffirmed an "equal weight" rating and issued a $25.50 target price on shares of Norwood Financial in a report on Monday, April 21st. Finally, Janney Montgomery Scott initiated coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They set a "buy" rating and a $31.00 price target for the company.
Read Our Latest Stock Analysis on Norwood Financial
Norwood Financial Company Profile
(
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.
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