Geode Capital Management LLC Has $4.57 Million Stock Position in Norwood Financial Corp. (NASDAQ:NWFL)

Geode Capital Management LLC lowered its stake in Norwood Financial Corp. (NASDAQ:NWFL) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 165,639 shares of the financial services provider’s stock after selling 932 shares during the period. Geode Capital Management LLC owned approximately 2.05% of Norwood Financial worth $4,569,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Norwood Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock valued at $566,000 after buying an additional 600 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Norwood Financial by 258.7% during the 2nd quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock worth $2,155,000 after acquiring an additional 61,247 shares during the period. Code Waechter LLC acquired a new stake in shares of Norwood Financial during the 3rd quarter worth approximately $815,000. State Street Corp increased its stake in 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 acquiring an additional 2,402 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Norwood Financial during the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 28.08% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott initiated coverage on Norwood Financial in a report on Thursday. They issued a “buy” rating and a $31.00 target price on the stock.

Insider Activity at Norwood Financial

In related news, Director Ronald R. Schmalzle purchased 7,692 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $26.00 per share, for a total transaction of $199,992.00. Following the completion of the acquisition, the director now owns 15,510 shares of the company’s stock, valued at approximately $403,260. This represents a 98.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.10% of the stock is owned by insiders.

Norwood Financial Stock Performance

Norwood Financial stock opened at $26.36 on Monday. The stock has a market cap of $213.31 million, a PE ratio of 16.58 and a beta of 0.62. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. Norwood Financial Corp. has a 12-month low of $23.50 and a 12-month high of $34.50. The business’s 50-day moving average price is $29.49 and its two-hundred day moving average price is $27.75.

Norwood Financial Increases Dividend

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

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.