Joseph Carroll Purchases 2,000 Shares of Norwood Financial (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Joseph Carroll bought 2,000 shares of the stock in a transaction dated Tuesday, January 27th. The stock was purchased at an average cost of $27.91 per share, with a total value of $55,820.00. Following the completion of the purchase, the director directly owned 37,503 shares in the company, valued at approximately $1,046,708.73. This trade represents a 5.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Norwood Financial Trading Up 4.9%

Shares of NWFL opened at $29.43 on Friday. The stock’s fifty day simple moving average is $28.61 and its 200-day simple moving average is $26.73. The firm has a market capitalization of $272.52 million, a PE ratio of 9.84 and a beta of 0.61. Norwood Financial Corp. has a 12-month low of $21.25 and a 12-month high of $30.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.31.

Norwood Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, January 15th. This represents a $1.28 annualized dividend and a dividend yield of 4.3%. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.31. Norwood Financial’s dividend payout ratio is presently 42.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NWFL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Norwood Financial in a research note on Monday, December 29th. Zacks Research cut Norwood Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Wall Street Zen lowered Norwood Financial from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.50.

Institutional Trading of Norwood Financial

Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its holdings in Norwood Financial by 130.7% during the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 601 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Norwood Financial by 293.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,321 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Norwood Financial by 144.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,241 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Norwood Financial by 68.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 872 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 worth $119,000 after purchasing an additional 765 shares in the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

About Norwood Financial

Norwood Financial Corporation is the bank holding company for Norwood Bank, a community-oriented financial institution headquartered in Norwood, Massachusetts. Incorporated in 2010, the company oversees a network of branch offices serving suburban and metropolitan communities in eastern Massachusetts. Norwood Financial’s mission emphasizes personalized service, local decision-making and a commitment to supporting neighborhood growth.

The company’s primary business activities encompass a full suite of personal and commercial banking products and services.