Joseph Carroll Purchases 4,000 Shares of Norwood Financial (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Joseph Carroll acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was bought at an average price of $28.13 per share, with a total value of $112,520.00. Following the completion of the acquisition, the director directly owned 41,503 shares of the company’s stock, valued at $1,167,479.39. This trade represents a 10.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Norwood Financial Trading Up 3.4%

NASDAQ NWFL opened at $30.43 on Friday. The firm has a market capitalization of $281.78 million, a PE ratio of 10.18 and a beta of 0.61. The business’s 50-day moving average price is $28.66 and its two-hundred day moving average price is $26.76. 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 Corp. has a 12 month low of $21.25 and a 12 month high of $30.59.

Norwood Financial Increases Dividend

The company also recently disclosed 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. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. This is a boost from Norwood Financial’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, January 15th. Norwood Financial’s dividend payout ratio is currently 42.81%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NWFL. Zacks Research cut shares of Norwood Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Wall Street Zen raised Norwood Financial from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Norwood Financial in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Norwood Financial currently has a consensus rating of “Hold” and a consensus price target of $26.50.

Institutional Investors Weigh In On Norwood Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. lifted its holdings in shares of Norwood Financial by 130.7% in the 2nd 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 in the last quarter. Tower Research Capital LLC TRC increased its stake in 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 raised its holdings in 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 buying an additional 1,241 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Norwood Financial by 68.9% in the third quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock valued at $54,000 after buying an additional 872 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Norwood Financial by 18.5% in the first 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 in the last quarter. Institutional investors own 28.08% of the company’s stock.

Norwood Financial Company Profile

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.