Norwood Financial (NASDAQ:NWFL) Earns Buy Rating from Analysts at StockNews.com

Posted by MarketBeat News on Aug 1st, 2022

StockNews.com started coverage on shares of Norwood Financial (NASDAQ:NWFL – Get Rating) in a research report released on Monday. The firm issued a buy rating on the financial services provider’s stock.

Norwood Financial Stock Performance

Shares of NWFL opened at $25.99 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $24.84 and its two-hundred day simple moving average is $26.85. Norwood Financial has a 12 month low of $23.00 and a 12 month high of $29.00. The stock has a market capitalization of $213.20 million, a P/E ratio of 7.71 and a beta of 0.47.

Norwood Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Friday, July 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Thursday, July 14th. Norwood Financial’s dividend payout ratio (DPR) is presently 33.23%.

Insider Transactions at Norwood Financial

In related news, Director Jeffrey S. Gifford bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The shares were acquired at an average cost of $23.88 per share, with a total value of $47,760.00. Following the completion of the purchase, the director now directly owns 15,989 shares in the company, valued at $381,817.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 3,310 shares of company stock valued at $79,863 in the last quarter. 9.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norwood Financial Corp bought a new stake in shares of Norwood Financial during the fourth quarter valued at approximately $10,146,000. Dimensional Fund Advisors LP grew its position in Norwood Financial by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,111 shares of the financial services provider’s stock valued at $2,691,000 after purchasing an additional 902 shares during the period. Morgan Dempsey Capital Management LLC bought a new stake in Norwood Financial during the 1st quarter valued at $1,358,000. State Street Corp raised its holdings in Norwood Financial by 13.0% during the first quarter. State Street Corp now owns 22,437 shares of the financial services provider’s stock worth $641,000 after buying an additional 2,582 shares during the last quarter. Finally, Cetera Advisor Networks LLC lifted its stake in shares of Norwood Financial by 14.8% in the first quarter. Cetera Advisor Networks LLC now owns 13,942 shares of the financial services provider’s stock valued at $399,000 after buying an additional 1,795 shares in the last quarter. Institutional investors own 16.89% of the company’s stock.

About Norwood Financial

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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.