JPMorgan Chase & Co. Increases Stock Holdings in Norwood Financial Corp. (NASDAQ:NWFL)

JPMorgan Chase & Co. boosted its position in shares of Norwood Financial Corp. (NASDAQ:NWFL) by 250.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,922 shares of the financial services provider’s stock after purchasing an additional 9,950 shares during the period. JPMorgan Chase & Co. owned approximately 0.17% of Norwood Financial worth $384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers increased 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 buying an additional 61,247 shares during the last quarter. Code Waechter LLC purchased a new position in Norwood Financial in the third quarter worth approximately $815,000. Signature Estate & Investment Advisors LLC acquired a new stake in Norwood Financial during the third quarter worth $200,000. Charles Schwab Investment Management Inc. raised its position in 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 valued at $566,000 after purchasing an additional 600 shares during the period. Finally, State Street Corp lifted its stake in shares of Norwood Financial by 2.5% in the 3rd 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 during the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ronald R. Schmalzle acquired 7,692 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $26.00 per share, with a total value of $199,992.00. Following the completion of the transaction, the director now owns 15,510 shares of the company’s stock, valued at $403,260. The trade was a 98.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on NWFL shares. Janney Montgomery Scott began coverage on Norwood Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.00 price objective for the company. Piper Sandler began coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They set a “neutral” rating and a $28.00 target price for the company. Finally, StockNews.com downgraded shares of Norwood Financial from a “hold” rating to a “sell” rating in a research note on Wednesday.

Norwood Financial Trading Down 1.2 %

Shares of NASDAQ NWFL opened at $25.82 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $208.88 million, a PE ratio of 16.24 and a beta of 0.62. Norwood Financial Corp. has a twelve month low of $23.50 and a twelve month high of $34.50. The stock has a fifty day simple moving average of $27.99 and a 200-day simple moving average of $27.90.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a net margin of 10.90% and a return on equity of 6.94%. On average, equities analysts forecast that Norwood Financial Corp. will post 2.1 earnings per share for the current year.

Norwood Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.31 per share. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 4.80%. The ex-dividend date is Wednesday, January 15th. Norwood Financial’s dividend payout ratio is presently 77.99%.

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.