Norwood Financial (NASDAQ:NWFL) Director Acquires $112,520.00 in Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Joseph Carroll purchased 4,000 shares of the stock in a transaction dated Wednesday, January 28th. The shares were bought at an average price of $28.13 per share, for a total transaction of $112,520.00. Following the completion of the acquisition, the director owned 41,503 shares in the company, valued at $1,167,479.39. This represents a 10.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Norwood Financial Price Performance

Shares of NASDAQ:NWFL opened at $30.43 on Friday. The firm has a market cap of $281.78 million, a price-to-earnings ratio of 10.18 and a beta of 0.61. Norwood Financial Corp. has a 1 year low of $21.25 and a 1 year high of $30.59. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $28.66 and a 200 day simple moving average of $26.77.

Norwood Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a $0.32 dividend. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, January 15th. Norwood Financial’s payout ratio is presently 42.81%.

Institutional Investors Weigh In On Norwood Financial

A number of hedge funds have recently bought and sold shares of NWFL. Cornerstone Wealth Group LLC bought a new position in shares of Norwood Financial in the third quarter worth about $4,679,000. Wellington Management Group LLP grew its holdings in Norwood Financial by 14.3% in the 3rd quarter. Wellington Management Group LLP now owns 634,553 shares of the financial services provider’s stock valued at $16,130,000 after buying an additional 79,394 shares during the last quarter. Marshall Wace LLP acquired a new stake in Norwood Financial in the 2nd quarter valued at approximately $648,000. Citadel Advisors LLC bought a new position in Norwood Financial in the 3rd quarter worth approximately $605,000. Finally, Fourthstone LLC acquired a new position in shares of Norwood Financial during the second quarter worth approximately $510,000. 28.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NWFL. Zacks Research lowered shares of Norwood Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Norwood Financial in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Norwood Financial from a “hold” rating to a “buy” rating in a research note on Saturday. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Norwood Financial has an average rating of “Hold” and a consensus target price of $26.50.

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.