Norwood Financial Corp. (NASDAQ:NWFL) Stock Holdings Trimmed by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its position in shares of Norwood Financial Corp. (NASDAQ:NWFL – Get Rating) by 2.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 26,541 shares of the financial services provider’s stock after selling 717 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Norwood Financial were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Norwood Financial Corp lifted its stake in Norwood Financial by 0.5% during the third quarter. Norwood Financial Corp now owns 392,222 shares of the financial services provider’s stock worth $10,421,000 after purchasing an additional 2,100 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $2,691,000 after buying an additional 902 shares during the last quarter. Morgan Dempsey Capital Management LLC bought a new position in shares of Norwood Financial in the 1st quarter worth about $1,358,000. State Street Corp grew its position in shares of Norwood Financial by 13.0% during the 1st quarter. State Street Corp now owns 22,437 shares of the financial services provider’s stock valued at $641,000 after buying an additional 2,582 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its stake in Norwood Financial by 14.8% during the first quarter. Cetera Advisor Networks LLC now owns 13,942 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 1,795 shares during the period. Institutional investors and hedge funds own 16.87% of the company’s stock.

Norwood Financial Price Performance

Shares of NWFL opened at $34.42 on Tuesday. Norwood Financial Corp. has a 12 month low of $23.00 and a 12 month high of $34.75. The stock has a fifty day moving average price of $32.93 and a 200 day moving average price of $28.76. The company has a market cap of $280.08 million, a P/E ratio of 9.78 and a beta of 0.45.

Norwood Financial (NASDAQ:NWFL – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $1.00 EPS for the quarter. The business had revenue of $20.35 million during the quarter. Norwood Financial had a net margin of 34.55% and a return on equity of 15.86%.

Norwood Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Friday, January 13th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, January 12th. This is an increase from Norwood Financial’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.37%. Norwood Financial’s payout ratio is currently 32.95%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Norwood Financial from a “buy” rating to a “hold” rating in a research note on Friday, January 6th.

Insider Buying and Selling

In other Norwood Financial news, Director Andrew Forte sold 825 shares of the business’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $33.21, for a total transaction of $27,398.25. Following the completion of the transaction, the director now owns 7,020 shares in the company, valued at approximately $233,134.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP John F. Carmody sold 2,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $33.00, for a total transaction of $74,250.00. Following the transaction, the executive vice president now owns 7,064 shares in the company, valued at $233,112. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Forte sold 825 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $33.21, for a total value of $27,398.25. Following the completion of the sale, the director now owns 7,020 shares of the company’s stock, valued at $233,134.20. The disclosure for this sale can be found here. Insiders sold 5,550 shares of company stock valued at $185,972 in the last three months. 9.70% of the stock is currently owned by corporate insiders.

Norwood Financial Company Profile

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Norwood Financial Corp. is a bank holding company, which offers financial services and traditional banking to individual, business and government customers. It offers debit cards, savings accounts, personal loans, credit card, business lending, and wealth management. The company was founded in 1870 and is headquartered in Honesdale, PA.