Fourthstone LLC Makes New $510,000 Investment in Norwood Financial Corp. $NWFL

Fourthstone LLC purchased a new stake in shares of Norwood Financial Corp. (NASDAQ:NWFL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,792 shares of the financial services provider’s stock, valued at approximately $510,000. Fourthstone LLC owned about 0.21% of Norwood Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Corebridge Financial Inc. raised its stake in Norwood Financial by 13.0% during the first quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 468 shares during the period. Cetera Investment Advisers raised its position in shares of Norwood Financial by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 61,743 shares of the financial services provider’s stock valued at $1,592,000 after buying an additional 604 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Norwood Financial by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock valued at $119,000 after buying an additional 765 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Norwood Financial by 12.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider’s stock valued at $560,000 after acquiring an additional 2,628 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Norwood Financial by 3.2% in the second quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider’s stock worth $5,205,000 after acquiring an additional 6,238 shares during the period. 28.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Norwood Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, October 28th. Zacks Research upgraded shares of Norwood Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Norwood Financial in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Norwood Financial presently has an average rating of “Moderate Buy” and a consensus price target of $28.50.

Norwood Financial Price Performance

NWFL stock opened at $29.58 on Thursday. The business’s fifty day moving average price is $26.79 and its 200 day moving average price is $26.01. Norwood Financial Corp. has a 12-month low of $21.25 and a 12-month high of $31.04. The company has a market capitalization of $273.91 million, a PE ratio of 45.51 and a beta of 0.59. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.26. The company had revenue of $22.96 million for the quarter, compared to analyst estimates of $22.10 million. Norwood Financial had a net margin of 6.82% and a return on equity of 10.68%. During the same period in the prior year, the firm earned $0.48 earnings per share. On average, sell-side analysts anticipate that Norwood Financial Corp. will post 2.51 EPS for the current year.

Norwood Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.2%. Norwood Financial’s dividend payout ratio is 190.77%.

Insider Buying and Selling

In other Norwood Financial news, Director James Shook purchased 3,800 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was bought at an average price of $26.71 per share, with a total value of $101,498.00. Following the transaction, the director directly owned 4,830 shares of the company’s stock, valued at approximately $129,009.30. This represents a 368.93% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.10% of the stock is owned by corporate insiders.

Norwood Financial Profile

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.