Ronald Schmalzle Acquires 700 Shares of Norwood Financial (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald Schmalzle bought 700 shares of the stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of $30.19 per share, for a total transaction of $21,133.00. Following the completion of the purchase, the director directly owned 27,168 shares in the company, valued at approximately $820,201.92. The trade was a 2.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Norwood Financial Trading Down 0.4%

Shares of NWFL stock opened at $30.72 on Friday. The business’s 50 day moving average is $29.99 and its two-hundred day moving average is $29.37. Norwood Financial Corp. has a twelve month low of $23.70 and a twelve month high of $32.23. The company has a market capitalization of $334.54 million, a P/E ratio of 11.34 and a beta of 0.56. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31.

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

Norwood Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Wednesday, April 15th. Norwood Financial’s dividend payout ratio (DPR) is 47.23%.

Analysts Set New Price Targets

Several research firms have recently commented on NWFL. Stephens set a $33.00 price target on Norwood Financial and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Wall Street Zen cut Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Norwood Financial currently has an average rating of “Hold” and a consensus price target of $33.00.

Institutional Trading of Norwood Financial

Hedge funds have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co raised its holdings in 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 last quarter. Osaic Holdings Inc. raised 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 purchasing an additional 601 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in 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 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 purchasing an additional 1,241 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in 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 last quarter. 28.08% of the stock is owned by institutional investors and hedge funds.

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.