Norwood Financial Corp. (NASDAQ:NWFL) Holdings Raised by Barclays PLC

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

A number of other hedge funds have also modified their holdings of NWFL. State Street Corp grew 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 purchasing an additional 2,402 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Norwood Financial by 3.0% during 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 last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Norwood Financial during the 3rd quarter valued at about $200,000. Code Waechter LLC bought a new stake in shares of Norwood Financial in the 3rd quarter valued at approximately $815,000. Finally, Cetera Investment Advisers increased its holdings in Norwood Financial by 258.7% in the second quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock worth $2,155,000 after buying an additional 61,247 shares during the last quarter. 28.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Janney Montgomery Scott initiated coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $31.00 target price for the company. Piper Sandler assumed coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price objective for the company.

Insider Transactions at Norwood Financial

In other news, Director Ronald R. Schmalzle bought 7,692 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of $26.00 per share, for a total transaction of $199,992.00. Following the acquisition, the director now directly owns 15,510 shares of the company’s stock, valued at $403,260. The trade was a 98.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.30% of the stock is owned by corporate insiders.

Norwood Financial Stock Up 1.1 %

Shares of NWFL stock opened at $26.25 on Tuesday. The stock’s 50 day simple moving average is $28.62 and its 200 day simple moving average is $27.87. Norwood Financial Corp. has a twelve month low of $23.50 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $212.36 million, a price-to-earnings ratio of 16.51 and a beta of 0.62.

Norwood Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.31 dividend. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, January 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.72%. Norwood Financial’s dividend payout ratio (DPR) is currently 75.47%.

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.