Norwood Financial Corp. (NASDAQ:NWFL) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. trimmed its stake in shares of Norwood Financial Corp. (NASDAQ:NWFL) by 5.1% during the 4th quarter, Holdings Channel reports. The fund owned 18,800 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Norwood Financial were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC acquired a new stake in Norwood Financial during the third quarter worth about $200,000. Barclays PLC grew its holdings in Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 7,215 shares during the period. JPMorgan Chase & Co. grew its holdings in Norwood Financial by 250.5% during the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after acquiring an additional 9,950 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Norwood Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 600 shares during the period. Finally, State Street Corp grew its holdings in Norwood Financial by 2.5% during the third quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock worth $2,755,000 after acquiring an additional 2,402 shares during the period. 28.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ronald R. Schmalzle acquired 2,563 shares of Norwood Financial stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price of $26.43 per share, for a total transaction of $67,740.09. Following the completion of the transaction, the director now owns 15,168 shares in the company, valued at $400,890.24. This represents a 20.33 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 12,255 shares of company stock worth $319,732 over the last quarter. 9.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler assumed coverage on Norwood Financial in a research report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price target on the stock. Janney Montgomery Scott assumed coverage on Norwood Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.00 price target on the stock. Finally, StockNews.com downgraded Norwood Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

Norwood Financial Stock Performance

NASDAQ NWFL opened at $25.84 on Friday. The company has a market cap of $209.10 million, a PE ratio of 2,584.00 and a beta of 0.61. The stock’s 50 day simple moving average is $26.20 and its 200-day simple moving average is $27.68. Norwood Financial Corp. has a 1-year low of $23.50 and a 1-year high of $34.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities research analysts anticipate that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Wednesday, January 15th. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. Norwood Financial’s dividend payout ratio (DPR) is 12,400.00%.

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.