Norwood Financial Corp. (NASDAQ:NWFL – Get Free Report) EVP Vincent O’bell sold 3,000 shares of Norwood Financial stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $34.52, for a total transaction of $103,560.00. Following the completion of the transaction, the executive vice president owned 4,392 shares of the company’s stock, valued at $151,611.84. This trade represents a 40.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Norwood Financial Stock Up 0.1%
Shares of NWFL opened at $34.71 on Friday. The company has a market capitalization of $378.34 million, a P/E ratio of 11.97 and a beta of 0.54. Norwood Financial Corp. has a one year low of $23.82 and a one year high of $35.48. The business’s 50 day simple moving average is $33.10 and its 200-day simple moving average is $31.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91.
Norwood Financial (NASDAQ:NWFL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). The business had revenue of $29.37 million during the quarter, compared to the consensus estimate of $28.10 million. Norwood Financial had a net margin of 18.68% and a return on equity of 12.88%. As a group, sell-side analysts predict that Norwood Financial Corp. will post 3.47 EPS for the current fiscal year.
Norwood Financial Announces Dividend
Institutional Trading of Norwood Financial
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its position in Norwood Financial by 75.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 378 shares during the period. Osaic Holdings Inc. grew its position in shares of Norwood Financial by 130.7% during the 2nd quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock worth $27,000 after buying an additional 601 shares during the period. Legal & General Group Plc bought a new stake in shares of Norwood Financial during the second quarter worth approximately $33,000. Tower Research Capital LLC TRC raised its stake in shares of Norwood Financial by 293.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,321 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Norwood Financial by 144.5% in the third quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,241 shares during the period. 28.08% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on NWFL. Weiss Ratings restated a “buy (b)” rating on shares of Norwood Financial in a research report on Friday, July 24th. Wall Street Zen lowered shares of Norwood Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Stephens reissued a “mixed” rating and issued a $35.00 price target (up from $34.00) on shares of Norwood Financial in a report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.
Read Our Latest Research Report on Norwood Financial
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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.
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