1 day Ago By ABMN Staff
StockNews.com upgraded shares of Norwood Financial ( NASDAQ:NWFL – Free Report ) from a sell rating to a hold rating in a research report sent to investors on Tuesday. Several other brokerages also recently issued reports on NWFL.
Janney Montgomery Scott initiated coverage on shares of Norwood Financial in a report on Thursday, January 2nd. They set a “buy” rating and a $31.00 price target for the company.
Stephens reissued an “equal weight” rating and set a $25.50 price target on shares of Norwood Financial in a report on Monday, April 21st. Finally, Piper Sandler initiated coverage on shares of Norwood Financial in a report on Wednesday, January 8th.
They set a “neutral” rating and a $28.00 price target for the company. Check Out Our Latest Stock Report on Norwood Financial Norwood Financial Price Performance Norwood Financial ( NASDAQ:NWFL – Get Free Report ) last issued its earnings results on Thursday, April 17th.
The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.
04. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.
38%. The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.
60 million. As a group, research analysts expect that Norwood Financial will post 2.51 EPS for the current fiscal year.
Norwood Financial Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.31 dividend.
This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.99%.
The ex-dividend date of this dividend is Tuesday, April 15th. Norwood Financial’s dividend payout ratio is presently 1,377.78%.
Insiders Place Their Bets In related news, Director Ronald R. Schmalzle bought 2,000 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $26.
00 per share, with a total value of $52,000.00. Following the completion of the purchase, the director now owns 17,621 shares in the company, valued at approximately $458,146.
The trade was a 12.80 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website .
Over the last three months, insiders purchased 5,148 shares of company stock valued at $134,053. Insiders own 9.10% of the company’s stock.
Institutional Investors Weigh In On Norwood Financial Several institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its position in shares of Norwood Financial by 15.8% during the 1st quarter.
Bank of New York Mellon Corp now owns 23,801 shares of the financial services provider’s stock worth $575,000 after buying an additional 3,251 shares during the period. GAMMA Investing LLC grew its position in shares of Norwood Financial by 42,200.0% during the 1st quarter.
GAMMA Investing LLC now owns 5,076 shares of the financial services provider’s stock worth $123,000 after buying an additional 5,064 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Norwood Financial during the 4th quarter worth approximately $16,814,000. Mascagni Wealth Management Inc.
acquired a new stake in shares of Norwood Financial during the 4th quarter worth approximately $137,000. Finally, Jacobs Asset Management LLC acquired a new stake in shares of Norwood Financial during the 4th quarter worth approximately $1,671,000. Institutional investors and hedge funds own 28.
08% of the company’s stock. 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. Featured Stories 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 .
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