Norwood Financial (NASDAQ:NWFL) Director Ronald Schmalzle Purchases 700 Shares

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald Schmalzle purchased 700 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $30.19 per share, with a total value of $21,133.00. Following the completion of the acquisition, the director directly owned 27,168 shares of the company’s stock, valued at $820,201.92. This represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Norwood Financial Stock Performance

Shares of NWFL opened at $30.83 on Thursday. The stock has a 50 day moving average price of $29.95 and a 200 day moving average price of $29.34. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $335.74 million, a price-to-earnings ratio of 11.38 and a beta of 0.56. Norwood Financial Corp. has a 52-week low of $23.70 and a 52-week high of $32.23.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). The business had revenue of $27.27 million during the quarter, compared to analyst estimates of $27.50 million. Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. Research analysts predict that Norwood Financial Corp. will post 3.45 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, April 15th. Norwood Financial’s dividend payout ratio is 47.23%.

Institutional Investors Weigh In On Norwood Financial

Several large investors have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Norwood Financial by 75.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 378 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of 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 purchasing an additional 601 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Norwood Financial by 293.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,321 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Norwood Financial by 144.5% during the third quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,241 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Norwood Financial by 68.9% during the third quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 872 shares during the period. 28.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NWFL has been the subject of a number of research analyst reports. Wall Street Zen downgraded Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, Stephens set a $33.00 price objective on Norwood Financial and gave the company an “equal weight” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.00.

Norwood Financial Company 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. 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.