Ronald R. Schmalzle Purchases 2,563 Shares of Norwood Financial Corp. (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle bought 2,563 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average price of $26.43 per share, with a total value of $67,740.09. Following the purchase, the director now owns 15,168 shares in the company, valued at $400,890.24. This trade represents a 20.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Norwood Financial Price Performance

Shares of NASDAQ:NWFL opened at $26.00 on Friday. The firm has a market capitalization of $210.39 million, a PE ratio of 2,600.00 and a beta of 0.61. Norwood Financial Corp. has a 1-year low of $23.50 and a 1-year high of $34.50. The business’s 50 day moving average is $27.47 and its 200-day moving average is $27.83. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. Sell-side analysts predict that Norwood Financial Corp. will post 2.54 earnings per share for the current year.

Norwood Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were paid a $0.31 dividend. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 4.77%. The ex-dividend date was Wednesday, January 15th. Norwood Financial’s dividend payout ratio is currently 12,400.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NWFL shares. Piper Sandler initiated coverage on Norwood Financial in a research report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price objective for the company. StockNews.com downgraded shares of Norwood Financial from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th. Finally, Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a report on Thursday, January 2nd. They set a “buy” rating and a $31.00 price objective on the stock.

Hedge Funds Weigh In On Norwood Financial

A number of hedge funds have recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC bought a new stake in Norwood Financial in the third quarter valued at $200,000. Barclays PLC boosted its stake in shares of Norwood Financial by 280.5% in the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 7,215 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Norwood Financial by 250.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 9,950 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Norwood Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 600 shares during the last quarter. Finally, Code Waechter LLC acquired a new position in Norwood Financial in the third quarter valued at about $815,000. 28.08% of the stock is owned by institutional investors and hedge funds.

About Norwood Financial

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.