Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle Acquires 7,692 Shares

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle bought 7,692 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $26.00 per share, with a total value of $199,992.00. Following the completion of the transaction, the director now directly owns 15,510 shares of the company’s stock, valued at approximately $403,260. The trade was a 98.39 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Norwood Financial Stock Performance

NASDAQ:NWFL opened at $27.25 on Thursday. The stock’s 50-day moving average is $29.65 and its 200-day moving average is $27.65. The stock has a market cap of $220.51 million, a P/E ratio of 17.14 and a beta of 0.61. Norwood Financial Corp. has a 1-year low of $23.50 and a 1-year high of $34.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.

Norwood Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.31 dividend. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 4.55%. The ex-dividend date is Wednesday, January 15th. Norwood Financial’s dividend payout ratio is 77.99%.

Hedge Funds Weigh In On Norwood Financial

Several large investors have recently modified their holdings of the business. Barclays PLC increased its holdings in Norwood Financial by 280.5% in the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 7,215 shares during the period. State Street Corp increased its stake in shares of Norwood Financial by 2.5% in the third quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after buying an additional 2,402 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Norwood Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 600 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Norwood Financial in the third quarter worth approximately $200,000. Finally, Code Waechter LLC bought a new stake in Norwood Financial in the third quarter valued at approximately $815,000. Institutional investors own 28.08% of the company’s stock.

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.