Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle Buys 7,692 Shares

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle bought 7,692 shares of the stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $26.00 per share, for a total transaction of $199,992.00. Following the purchase, the director now directly owns 15,510 shares of the company’s stock, valued at approximately $403,260. This represents a 98.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Norwood Financial Stock Down 2.4 %

Shares of Norwood Financial stock traded down $0.66 during trading on Monday, hitting $27.36. 23,341 shares of the stock traded hands, compared to its average volume of 11,344. The company has a fifty day moving average price of $29.72 and a two-hundred day moving average price of $27.64. Norwood Financial Corp. has a twelve month low of $23.50 and a twelve month high of $34.50. The stock has a market cap of $221.40 million, a P/E ratio of 17.21 and a beta of 0.61. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91.

Norwood Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.31 per share. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, January 15th. This represents a $1.24 annualized dividend and a dividend yield of 4.53%. Norwood Financial’s dividend payout ratio is 77.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position 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 buying an additional 600 shares during the last quarter. State Street Corp increased its holdings in shares of Norwood Financial by 2.5% during the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after acquiring an additional 2,402 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Norwood Financial by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,657 shares of the financial services provider’s stock valued at $778,000 after acquiring an additional 2,563 shares in the last quarter. Barclays PLC lifted its holdings in Norwood Financial by 280.5% in the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 7,215 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in Norwood Financial during the third quarter worth approximately $200,000. Institutional investors own 28.08% of the company’s stock.

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.