Bank of New York Mellon Corp Sells 3,947 Shares of Norwood Financial Corp. (NASDAQ:NWFL)

Bank of New York Mellon Corp trimmed its position in Norwood Financial Corp. (NASDAQ:NWFL) by 16.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,550 shares of the financial services provider’s stock after selling 3,947 shares during the period. Bank of New York Mellon Corp owned approximately 0.25% of Norwood Financial worth $559,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NWFL. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 600 shares during the period. JPMorgan Chase & Co. grew its position in shares of Norwood Financial by 250.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 9,950 shares during the period. Barclays PLC grew its position in shares of Norwood Financial by 280.5% in the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 7,215 shares during the period. Finally, State Street Corp increased its stake in Norwood Financial by 2.5% during the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock worth $2,755,000 after purchasing an additional 2,402 shares in the last quarter. Institutional investors own 28.08% of the company’s stock.

Analysts Set New Price Targets

NWFL has been the subject of several research analyst reports. Piper Sandler started coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price target for the company. StockNews.com downgraded shares of Norwood Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, Janney Montgomery Scott began coverage on Norwood Financial in a report on Thursday, January 2nd. They set a “buy” rating and a $31.00 price target for the company.

Insider Buying and Selling at Norwood Financial

In related news, Director Ronald R. Schmalzle bought 2,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was purchased at an average price of $26.00 per share, with a total value of $52,000.00. Following the completion of the acquisition, the director now owns 17,621 shares of the company’s stock, valued at $458,146. The trade was a 12.80 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.10% of the company’s stock.

Norwood Financial Stock Up 1.1 %

NASDAQ NWFL opened at $24.69 on Friday. The company has a market cap of $228.70 million, a price-to-earnings ratio of 2,469.00 and a beta of 0.59. The company has a 50 day moving average of $25.59 and a 200-day moving average of $27.53. Norwood Financial Corp. has a 1-year low of $23.50 and a 1-year high of $34.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.

Norwood Financial (NASDAQ:NWFL) last issued its earnings results on Monday, February 3rd. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. On average, equities research analysts expect that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

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.