Insider Buying: Norwood Financial Corp. (NASDAQ:NWFL) Director Acquires 250 Shares of Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Joseph W. Adams bought 250 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average cost of $42.59 per share, with a total value of $10,647.50. Following the purchase, the director now directly owns 22,432 shares of the company’s stock, valued at $955,378.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Norwood Financial Corp. (NASDAQ:NWFL) traded up 1.13% during midday trading on Friday, reaching $44.00. 10,814 shares of the company’s stock traded hands. The company’s 50-day moving average price is $42.49 and its 200-day moving average price is $39.85. The stock has a market cap of $182.38 million, a P/E ratio of 22.55 and a beta of 0.13. Norwood Financial Corp. has a 52-week low of $28.50 and a 52-week high of $44.37. Norwood Financial Corp. shares are scheduled to split on the morning of Monday, September 18th. The 3-2 split was announced on Wednesday, August 9th. The newly minted shares will be distributed to shareholders after the closing bell on Friday, September 15th.

Norwood Financial Corp. (NASDAQ:NWFL) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.65 earnings per share for the quarter. The business had revenue of $10.31 million during the quarter. Norwood Financial Corp. had a net margin of 18.66% and a return on equity of 7.07%.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Wednesday, July 12th. Norwood Financial Corp.’s payout ratio is 66.32%.

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Separately, ValuEngine raised shares of Norwood Financial Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

A number of large investors have recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new stake in shares of Norwood Financial Corp. during the second quarter valued at $173,000. California State Teachers Retirement System purchased a new position in Norwood Financial Corp. during the second quarter valued at approximately $287,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Norwood Financial Corp. during the second quarter worth about $288,000. Teachers Advisors LLC bought a new stake in shares of Norwood Financial Corp. during the second quarter worth about $294,000. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Norwood Financial Corp. during the second quarter worth about $448,000. Institutional investors own 11.41% of the company’s stock.

About Norwood Financial Corp.

Norwood Financial Corp. is a bank holding company. The Company operates through its subsidiary, Wayne Bank (the Bank). The Bank is a chartered bank and trust company. The Bank is an independent community bank that operates over five offices in the Wayne County, approximately three offices in Pike County, four offices in Monroe County and over three offices in Lackawanna County.

Insider Buying and Selling by Quarter for Norwood Financial Corp. (NASDAQ:NWFL)

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