Insider Selling: Norwood Financial (NASDAQ:NWFL) EVP Sells $103,560.00 in Stock

Norwood Financial Corp. (NASDAQ:NWFL) EVP Vincent O’bell sold 3,000 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 4,392 shares of the company’s stock, valued at approximately $151,611.84. The trade was a 40.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Norwood Financial Price Performance

Shares of NASDAQ NWFL traded up $0.05 during mid-day trading on Friday, reaching $34.71. The company’s stock had a trading volume of 14,468 shares, compared to its average volume of 32,550. Norwood Financial Corp. has a 52 week low of $23.82 and a 52 week high of $35.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $378.34 million, a PE ratio of 11.97 and a beta of 0.54. The stock has a fifty day moving average of $33.05 and a two-hundred day moving average of $31.14.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). Norwood Financial had a return on equity of 12.88% and a net margin of 18.68%.The company had revenue of $29.37 million during the quarter, compared to analysts’ expectations of $28.10 million. As a group, sell-side analysts anticipate that Norwood Financial Corp. will post 3.47 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.7%. Norwood Financial’s dividend payout ratio (DPR) is presently 44.14%.

Institutional Investors Weigh In On Norwood Financial

Institutional investors and hedge funds have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co raised its stake in shares of Norwood Financial by 75.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 378 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Norwood Financial in the 2nd quarter worth $33,000. Osaic Holdings Inc. lifted its position in shares of Norwood Financial by 130.7% during the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock valued at $27,000 after buying an additional 601 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Norwood Financial by 293.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,321 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Norwood Financial by 144.5% in the 3rd 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 in the last quarter. 28.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stephens reissued a “mixed” rating and issued a $35.00 target price (up from $34.00) on shares of Norwood Financial in a report on Thursday, July 23rd. 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, Weiss Ratings reissued a “buy (b)” rating on shares of Norwood Financial in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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. 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.