Norwood Financial Corp. (NASDAQ:NWFL) Shares Bought by State Street Corp

State Street Corp increased its holdings in Norwood Financial Corp. (NASDAQ:NWFL) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,889 shares of the financial services provider’s stock after purchasing an additional 2,402 shares during the quarter. State Street Corp owned 1.23% of Norwood Financial worth $2,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC bought a new position in shares of Norwood Financial in the third quarter valued at $200,000. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $566,000 after acquiring an additional 600 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Norwood Financial by 9.1% during the second 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 during the period. Code Waechter LLC purchased a new stake in shares of Norwood Financial during the third quarter valued at $815,000. Finally, Cetera Investment Advisers boosted its position in shares of Norwood Financial by 258.7% in the 2nd quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock valued at $2,155,000 after purchasing an additional 61,247 shares during the period. 28.08% of the stock is owned by institutional investors and hedge funds.

Norwood Financial Trading Up 1.3 %

Shares of NWFL opened at $27.20 on Wednesday. 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 Corp. has a 1-year low of $23.50 and a 1-year high of $34.50. The stock has a market capitalization of $220.10 million, a P/E ratio of 17.11 and a beta of 0.61. The business’s 50-day moving average price is $29.54 and its 200 day moving average price is $27.72.

Norwood Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. Norwood Financial’s dividend payout ratio is 77.99%.

Insider Buying and Selling

In other Norwood Financial news, Director Ronald R. Schmalzle bought 7,692 shares of Norwood Financial stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $26.00 per share, for a total transaction of $199,992.00. Following the completion of the acquisition, the director now directly owns 15,510 shares of the company’s stock, valued at approximately $403,260. This trade represents a 98.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.10% of the company’s stock.

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.