Norwood Financial (NASDAQ:NWFL) Director Buys $55,820.00 in Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Joseph Carroll purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, January 27th. The stock was purchased at an average price of $27.91 per share, with a total value of $55,820.00. Following the transaction, the director owned 37,503 shares of the company’s stock, valued at approximately $1,046,708.73. This represents a 5.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Norwood Financial Trading Up 3.4%

NASDAQ:NWFL opened at $30.43 on Friday. Norwood Financial Corp. has a 52-week low of $21.25 and a 52-week 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. The stock has a fifty day simple moving average of $28.66 and a 200-day simple moving average of $26.76. The company has a market capitalization of $281.78 million, a PE ratio of 10.18 and a beta of 0.61.

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 $0.32 dividend. This is a boost from Norwood Financial’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, January 15th. Norwood Financial’s dividend payout ratio (DPR) is currently 42.81%.

Hedge Funds Weigh In On Norwood Financial

Several institutional investors have recently added to or reduced their stakes in NWFL. Alliance Wealth Advisors LLC lifted its position in Norwood Financial by 26.5% during the fourth quarter. Alliance Wealth Advisors LLC now owns 14,364 shares of the financial services provider’s stock worth $403,000 after buying an additional 3,008 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Norwood Financial by 32.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,923 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 2,450 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Norwood Financial by 61.1% during the 3rd quarter. Millennium Management LLC now owns 12,507 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 4,742 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Norwood Financial in the third quarter worth approximately $605,000. Finally, Community Bank N.A. grew its holdings in Norwood Financial by 91.6% in the third quarter. Community Bank N.A. now owns 6,802 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 3,252 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 recently issued reports on NWFL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Norwood Financial in a research note on Monday, December 29th. Wall Street Zen upgraded Norwood Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research lowered Norwood Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.50.

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.