Insider Buying: Norwood Financial Corp. (NASDAQ:NWFL) CFO Purchases 500 Shares of Stock

Norwood Financial Corp. CFO John Martin Mccaffery, Jr. purchased 500 shares of the company's stock at $24.10 each, totaling $12,050, increasing his ownership by 20% to 3,000 shares valued at approximately $72,300. The acquisition was disclosed to the SEC. The company recently paid a quarterly dividend of $0.31 per share, yielding 5.1%. Analysts expect earnings per share of 2.51 for the current year. Institutional investors own 28.08% of the stock, with recent upgrades and downgrades from various research firms.

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) CFO John Martin Mccaffery, Jr. acquired 500 shares of Norwood Financial stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $24.10 per share, with a total value of $12,050.00. Following the completion of the purchase, the chief financial officer owned 3,000 shares in the company, valued at $72,300. This represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Norwood Financial Price Performance

Shares of NASDAQ:NWFL opened at $24.08 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $222.98 million, a price-to-earnings ratio of 100.34 and a beta of 0.69. The business has a 50-day simple moving average of $25.38 and a two-hundred day simple moving average of $25.19. Norwood Financial Corp. has a fifty-two week low of $21.25 and a fifty-two week high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. Norwood Financial had a net margin of 2.92% and a return on equity of 9.02%. The company had revenue of $21.20 million for the quarter, compared to the consensus estimate of $21.16 million. On average, analysts expect that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

Norwood Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 15th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Tuesday, July 15th. Norwood Financial's dividend payout ratio is 516.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Norwood Financial during the 4th quarter valued at about $1,394,000. JPMorgan Chase & Co. grew its position in Norwood Financial by 89.0% during the fourth quarter. JPMorgan Chase & Co. now owns 26,314 shares of the financial services provider's stock valued at $716,000 after buying an additional 12,392 shares during the period. Wellington Management Group LLP purchased a new stake in Norwood Financial during the fourth quarter valued at approximately $16,814,000. Alliancebernstein L.P. bought a new position in Norwood Financial in the fourth quarter worth approximately $2,092,000. Finally, Geode Capital Management LLC boosted its stake in shares of Norwood Financial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock worth $4,529,000 after acquiring an additional 811 shares during the last quarter. Institutional investors own 28.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NWFL. Wall Street Zen cut shares of Norwood Financial from a "buy" rating to a "hold" rating in a report on Saturday. Stephens reiterated an "equal weight" rating and set a $26.50 target price on shares of Norwood Financial in a research note on Tuesday, July 8th.

Check Out Our Latest Stock Analysis on Norwood Financial

About Norwood Financial

(Get Free Report)

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.