Norwood Financial Corp. (NWFL) Plans Quarterly Dividend of $0.22
Norwood Financial Corp. (NASDAQ:NWFL) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Investors of record on Friday, October 13th will be given a dividend of 0.22 per share by the financial services provider on Wednesday, November 1st. This represents a $0.88 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, October 12th. This is a positive change from Norwood Financial Corp.’s previous quarterly dividend of $0.21.
Norwood Financial Corp. (NWFL) traded up 0.09% during trading on Thursday, hitting $43.75. The company had a trading volume of 7,122 shares. The stock has a 50-day moving average of $43.04 and a 200-day moving average of $40.46. The stock has a market capitalization of $181.34 million, a PE ratio of 22.42 and a beta of 0.14. Norwood Financial Corp. has a one year low of $28.50 and a one year high of $45.03. Norwood Financial Corp. shares are going to split on the morning of Monday, September 18th. The 3-2 split was announced on Wednesday, August 9th. The newly issued shares will be distributed to shareholders after the closing bell on Friday, September 15th.
Norwood Financial Corp. (NASDAQ:NWFL) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. Norwood Financial Corp. had a return on equity of 7.07% and a net margin of 18.66%. The company had revenue of $10.31 million during the quarter.
Separately, ValuEngine upgraded Norwood Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
In other news, insider William S. Lance sold 1,650 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $42.00, for a total transaction of $69,300.00. Following the completion of the sale, the insider now owns 3,200 shares in the company, valued at $134,400. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kevin M. Lamont acquired 825 shares of Norwood Financial Corp. stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average price of $41.17 per share, with a total value of $33,965.25. Following the acquisition, the director now owns 85,272 shares of the company’s stock, valued at $3,510,648.24. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,675 shares of company stock valued at $68,397 and have sold 6,600 shares valued at $274,230. Insiders own 6.40% of the company’s stock.
Several large investors have recently modified their holdings of NWFL. California State Teachers Retirement System acquired a new stake in shares of Norwood Financial Corp. in the second quarter valued at approximately $287,000. Vanguard Group Inc. raised its position in shares of Norwood Financial Corp. by 42.4% in the second quarter. Vanguard Group Inc. now owns 25,878 shares of the financial services provider’s stock valued at $1,093,000 after buying an additional 7,707 shares in the last quarter. Finally, State Street Corp acquired a new stake in shares of Norwood Financial Corp. in the second quarter valued at approximately $1,683,000. Institutional investors own 11.43% of the company’s stock.
About Norwood Financial Corp.
Norwood Financial Corp. is a bank holding company. The Company operates through its subsidiary, Wayne Bank (the Bank). The Bank is a chartered bank and trust company. The Bank is an independent community bank that operates over five offices in the Wayne County, approximately three offices in Pike County, four offices in Monroe County and over three offices in Lackawanna County.
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