Barclays PLC Raises Position in Norwood Financial Corp. (NASDAQ:NWFL)

Barclays PLC increased its holdings in shares of Norwood Financial Corp. (NASDAQ:NWFL) by 280.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,787 shares of the financial services provider’s stock after buying an additional 7,215 shares during the quarter. Barclays PLC owned 0.12% of Norwood Financial worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in 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 worth $778,000 after purchasing an additional 2,563 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Norwood Financial by 258.7% during the second quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock valued at $2,155,000 after buying an additional 61,247 shares during the last quarter. Code Waechter LLC acquired a new position in shares of Norwood Financial in the 3rd quarter valued at $815,000. Signature Estate & Investment Advisors LLC purchased a new position in shares of Norwood Financial in the third quarter worth about $200,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Norwood Financial by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

Norwood Financial Trading Down 0.7 %

NWFL stock opened at $26.36 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 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 $213.31 million, a P/E ratio of 16.58 and a beta of 0.62. The company’s 50-day simple moving average is $29.49 and its 200-day simple moving average is $27.75.

Norwood Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.70%. Norwood Financial’s dividend payout ratio (DPR) is 77.99%.

Insider Activity

In other Norwood Financial news, Director Ronald R. Schmalzle bought 7,692 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $26.00 per share, for a total transaction of $199,992.00. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott initiated coverage on shares of Norwood Financial in a report on Thursday. They set a “buy” rating and a $31.00 target price for the company.

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.