John Martin Mccaffery, Jr. Purchases 500 Shares of Norwood Financial Corp. (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL) CFO John Martin Mccaffery, Jr. purchased 500 shares of the business’s stock in a transaction dated Wednesday, April 30th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $12,500.00. Following the purchase, the chief financial officer now owns 2,500 shares in the company, valued at $62,500. This trade represents a 25.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Norwood Financial Stock Up 3.8 %

Shares of Norwood Financial stock opened at $26.90 on Friday. Norwood Financial Corp. has a 1 year low of $21.25 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. The company has a market capitalization of $249.17 million, a P/E ratio of 2,690.00 and a beta of 0.69. The business has a 50-day moving average of $24.25 and a two-hundred day moving average of $26.70.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%. The business had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $20.60 million. As a group, equities analysts predict that Norwood Financial Corp. will post 2.51 EPS for the current year.

Norwood Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were given a $0.31 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $1.24 annualized dividend and a yield of 4.61%. Norwood Financial’s dividend payout ratio is currently 1,377.78%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NWFL. StockNews.com raised Norwood Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 29th. Stephens reissued an “equal weight” rating and set a $25.50 price objective on shares of Norwood Financial in a research note on Monday, April 21st. Finally, Piper Sandler assumed coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 target price for the company.

Hedge Funds Weigh In On Norwood Financial

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of 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 buying an additional 7,215 shares during the period. JPMorgan Chase & Co. lifted its stake in Norwood Financial by 250.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 9,950 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Norwood Financial during the 4th quarter worth approximately $1,394,000. Emerald Advisers LLC bought a new position in shares of Norwood Financial during the 4th quarter worth approximately $122,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Norwood Financial in the fourth quarter valued at approximately $16,814,000. Institutional investors own 28.08% of the company’s stock.

Norwood Financial Company Profile

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.