Alliancebernstein L.P. Buys New Stake in Norwood Financial Corp. (NASDAQ:NWFL)

Alliancebernstein L.P. purchased a new stake in shares of Norwood Financial Corp. (NASDAQ:NWFL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 76,910 shares of the financial services provider’s stock, valued at approximately $2,092,000. Alliancebernstein L.P. owned approximately 0.95% of Norwood Financial at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in shares of Norwood Financial in the 4th quarter valued at $16,814,000. State Street Corp grew its holdings in Norwood Financial by 2.5% in the third 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 period. Raymond James Financial Inc. purchased a new stake in shares of Norwood Financial in the fourth quarter valued at approximately $1,394,000. JPMorgan Chase & Co. raised its stake in shares of Norwood Financial by 89.0% during the 4th quarter. JPMorgan Chase & Co. now owns 26,314 shares of the financial services provider’s stock worth $716,000 after buying an additional 12,392 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Norwood Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock valued at $566,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 28.08% of the company’s stock.

Insider Buying and Selling at Norwood Financial

In related news, Director Ronald R. Schmalzle bought 2,563 shares of the stock in a transaction on Tuesday, February 4th. The stock was bought at an average price of $26.43 per share, with a total value of $67,740.09. Following the completion of the purchase, the director now directly owns 15,168 shares in the company, valued at $400,890.24. This represents a 20.33 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NWFL. Piper Sandler started coverage on shares of Norwood Financial in a research report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price objective for the company. Stephens upgraded shares of Norwood Financial to a “hold” rating in a research report on Monday. Janney Montgomery Scott started coverage on Norwood Financial in a report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price objective on the stock. Finally, StockNews.com cut Norwood Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

Norwood Financial Stock Performance

Shares of Norwood Financial stock opened at $22.45 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The business’s 50 day moving average price is $24.50 and its 200 day moving average price is $26.96. The company has a market cap of $207.95 million, a price-to-earnings ratio of 2,245.00 and a beta of 0.54. Norwood Financial Corp. has a one year low of $21.25 and a one year high of $34.50.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly 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 negative net margin of 0.16% and a positive return on equity of 8.38%. On average, research analysts predict that Norwood Financial Corp. will post 2.51 EPS for the current year.

Norwood Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.24 annualized dividend and a yield of 5.52%. Norwood Financial’s dividend payout ratio (DPR) is 12,400.00%.

Norwood Financial Company 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.