Norwood Financial Corp. (NASDAQ:NWFL) Stake Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Norwood Financial Corp. (NASDAQ:NWFL) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,657 shares of the financial services provider’s stock after purchasing an additional 2,563 shares during the period. Bank of New York Mellon Corp owned 0.38% of Norwood Financial worth $778,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in Norwood Financial by 58.8% during the first quarter. BNP Paribas Financial Markets now owns 3,402 shares of the financial services provider’s stock worth $93,000 after buying an additional 1,260 shares during the last quarter. Vanguard Group Inc. raised its holdings in Norwood Financial by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 379,847 shares of the financial services provider’s stock worth $10,336,000 after buying an additional 2,978 shares during the period. Finally, John G Ullman & Associates Inc. grew its holdings in shares of Norwood Financial by 233.7% during the first quarter. John G Ullman & Associates Inc. now owns 23,360 shares of the financial services provider’s stock worth $636,000 after buying an additional 16,360 shares in the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

Norwood Financial Stock Down 4.2 %

Norwood Financial stock opened at $28.14 on Monday. Norwood Financial Corp. has a 52-week low of $23.50 and a 52-week high of $34.50. 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 50 day moving average price of $27.00 and a two-hundred day moving average price of $25.79. The firm has a market cap of $227.91 million, a price-to-earnings ratio of 14.73 and a beta of 0.63.

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

Wall Street Analysts Forecast Growth

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

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.