Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Norwood Financial Corp. (NASDAQ:NWFL – Get Rating) Director Andrew Forte sold 825 shares of the stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $33.21, for a total transaction of $27,398.25. Following the completion of the sale, the director now owns 7,020 shares of the company’s stock, valued at approximately $233,134.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Norwood Financial Stock Up 0.7 %
Shares of NASDAQ:NWFL traded up $0.23 on Tuesday, reaching $33.34. The company had a trading volume of 16,739 shares, compared to its average volume of 8,005. The stock has a market capitalization of $271.29 million, a P/E ratio of 9.47 and a beta of 0.48. The stock has a 50-day moving average price of $30.78 and a 200 day moving average price of $27.37. Norwood Financial Corp. has a twelve month low of $23.00 and a twelve month high of $34.75.
Norwood Financial Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Friday, January 13th will be issued a $0.29 dividend. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, January 12th. Norwood Financial’s payout ratio is 31.82%.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Norwood Financial in a research report on Saturday, October 29th. They issued a “buy” rating for the company.
Hedge Funds Weigh In On Norwood Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC lifted its stake in shares of Norwood Financial by 14.8% in the first quarter. Cetera Advisor Networks LLC now owns 13,942 shares of the financial services provider’s stock worth $399,000 after buying an additional 1,795 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Norwood Financial by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,111 shares of the financial services provider’s stock worth $2,691,000 after acquiring an additional 902 shares during the period. Morgan Dempsey Capital Management LLC acquired a new position in Norwood Financial during the 1st quarter worth $1,358,000. State Street Corp boosted its holdings in Norwood Financial by 13.0% during the first quarter. State Street Corp now owns 22,437 shares of the financial services provider’s stock valued at $641,000 after acquiring an additional 2,582 shares during the period. Finally, Zullo Investment Group Inc. acquired a new stake in shares of Norwood Financial in the second quarter valued at about $36,000. Institutional investors and hedge funds own 16.87% of the company’s stock.
Norwood Financial Company Profile
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Norwood Financial (NWFL)
- The Institutions Choose CarMax Over Carvana, Should You?
- Heatmap in Trading: How to Learn What Market Depth Hides
- Micron Technology Sees Chip Recovery by the End of 2023
- Three Healthcare Penny Stocks to Watch In The New Year
- Southwest Airlines Stock, There is a Lot to Love
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Norwood Financial, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Norwood Financial wasn’t on the list.
While Norwood Financial currently has a “hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.
Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Enter your email address below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
