29,536 Shares in Norwood Financial Corp. (NASDAQ:NWFL) Purchased by Code Waechter LLC

Code Waechter LLC bought a new stake in shares of Norwood Financial Corp. (NASDAQ:NWFL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,536 shares of the financial services provider’s stock, valued at approximately $815,000. Code Waechter LLC owned 0.36% of Norwood Financial at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in shares of Norwood Financial by 58.8% in the 1st quarter. BNP Paribas Financial Markets now owns 3,402 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 1,260 shares in the last quarter. John G Ullman & Associates Inc. raised its position in shares of 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 valued at $636,000 after buying an additional 16,360 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Norwood Financial by 9.1% in 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 during the last quarter. Cetera Investment Advisers boosted its stake in shares of Norwood Financial by 258.7% in the second 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. raised its holdings in shares of Norwood Financial by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 379,847 shares of the financial services provider’s stock valued at $10,336,000 after purchasing an additional 2,978 shares in the last quarter. 28.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Norwood Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th.

Norwood Financial Trading Up 4.5 %

NASDAQ NWFL traded up $1.23 during trading hours on Friday, hitting $28.78. 4,229 shares of the company’s stock were exchanged, compared to its average volume of 10,754. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $232.83 million, a P/E ratio of 17.77 and a beta of 0.63. The business’s 50 day moving average is $26.81 and its 200-day moving average is $25.89. Norwood Financial Corp. has a 12-month low of $23.50 and a 12-month high of $34.50.

Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. Norwood Financial had a return on equity of 7.40% and a net margin of 11.52%. The firm had revenue of $17.13 million during the quarter.

Norwood Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, October 18th. Norwood Financial’s payout ratio is currently 74.07%.

Norwood Financial 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.