Norwood Financial Corp. (NASDAQ:NWFL) Shares Sold by Strategic Financial Services Inc.

Strategic Financial Services Inc. cut its position in shares of Norwood Financial Corp. (NASDAQ:NWFL) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,846 shares of the financial services provider’s stock after selling 1,502 shares during the quarter. Strategic Financial Services Inc. owned about 0.25% of Norwood Financial worth $540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NWFL. Barclays PLC increased its stake in Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 7,215 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Norwood Financial by 250.5% during the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after acquiring an additional 9,950 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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. Raymond James Financial Inc. acquired a new stake in shares of Norwood Financial in the fourth quarter valued at about $1,394,000. Finally, State Street Corp grew 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 in the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.

Norwood Financial Price Performance

Shares of NASDAQ NWFL opened at $24.95 on Thursday. Norwood Financial Corp. has a fifty-two week low of $23.50 and a fifty-two week high of $34.50. The business has a 50 day moving average price of $25.77 and a two-hundred day moving average price of $27.60. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm has a market cap of $231.11 million, a PE ratio of 2,495.00 and a beta of 0.59.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. Sell-side analysts expect that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Norwood Financial

In other news, Director Ronald R. Schmalzle bought 2,000 shares of Norwood Financial stock in a transaction on Thursday, January 30th. The shares were bought at an average price of $26.00 per share, with a total value of $52,000.00. Following the acquisition, the director now directly owns 17,621 shares in the company, valued at approximately $458,146. This represents a 12.80 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on NWFL. Janney Montgomery Scott began coverage on Norwood Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $31.00 target price for the company. StockNews.com lowered Norwood Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. Finally, Piper Sandler began coverage on Norwood Financial in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 target price for the company.

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.