Code Waechter LLC bought a new stake in Norwood Financial Corp. (NASDAQ:NWFL – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 29,536 shares of the financial services provider’s stock, valued at approximately $815,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in shares of Norwood Financial by 58.8% in the first quarter. BNP Paribas Financial Markets now owns 3,402 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 1,260 shares in the last quarter. John G Ullman & Associates Inc. lifted its position in Norwood Financial by 233.7% in the first quarter. John G Ullman & Associates Inc. now owns 23,360 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 16,360 shares during the period. Bank of New York Mellon Corp boosted its stake in Norwood Financial by 9.1% during 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 purchasing an additional 2,563 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Norwood Financial by 258.7% during the 2nd quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock valued at $2,155,000 after purchasing an additional 61,247 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Norwood Financial by 0.8% in the first quarter. Vanguard Group Inc. now owns 379,847 shares of the financial services provider’s stock valued at $10,336,000 after buying an additional 2,978 shares during the period. Institutional investors and hedge funds own 28.08% of the company’s stock.
Norwood Financial Price Performance
Norwood Financial stock traded up $1.23 during mid-day trading on Friday, hitting $28.78. The company’s stock had a trading volume of 4,229 shares, compared to its average volume of 10,754. The stock has a market capitalization of $232.83 million, a P/E ratio of 17.77 and a beta of 0.63. Norwood Financial Corp. has a twelve month low of $23.50 and a twelve month high of $34.50. The stock’s fifty day moving average price is $26.81 and its two-hundred day moving average price is $25.89. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.81.
Norwood Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Friday, October 18th. Norwood Financial’s dividend payout ratio (DPR) is currently 74.07%.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Norwood Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th.
Get Our Latest Stock Analysis on Norwood Financial
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.
Read More
- Five stocks we like better than Norwood Financial
- Stock Analyst Ratings and Canadian Analyst Ratings
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- Want to Profit on the Downtrend? Downtrends, Explained.
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- MarketBeat Week in Review – 10/7 – 10/11
Want to see what other hedge funds are holding NWFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norwood Financial Corp. (NASDAQ:NWFL – Free Report).
Receive News & Ratings for Norwood Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwood Financial and related companies with MarketBeat.com's FREE daily email newsletter.