Cetera Investment Advisers Sells 9,882 Shares of Norwood Financial Corp. (NASDAQ:NWFL)

Cetera Investment Advisers reduced its stake in Norwood Financial Corp. (NASDAQ:NWFL) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,068 shares of the financial services provider’s stock after selling 9,882 shares during the quarter. Cetera Investment Advisers owned 0.93% of Norwood Financial worth $2,042,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NWFL. Emerald Advisers LLC bought a new stake in Norwood Financial during the 4th quarter worth about $122,000. Wells Fargo & Company MN lifted its position in Norwood Financial by 21.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider’s stock worth $142,000 after buying an additional 928 shares in the last quarter. Bank of America Corp DE lifted its position in Norwood Financial by 48.9% during the 4th quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider’s stock worth $247,000 after buying an additional 2,985 shares in the last quarter. Barclays PLC lifted its position in Norwood Financial by 280.5% during the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after buying an additional 7,215 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Norwood Financial by 250.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after buying an additional 9,950 shares in the last quarter. 28.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on NWFL shares. StockNews.com raised shares of Norwood Financial from a “sell” rating to a “hold” rating in a research report on Saturday, May 10th. Stephens restated an “equal weight” rating and set a $25.50 price objective on shares of Norwood Financial in a research note on Monday, April 21st.

Norwood Financial Stock Up 1.1%

Norwood Financial stock opened at $26.55 on Tuesday. The firm has a market capitalization of $245.85 million, a PE ratio of 2,655.00 and a beta of 0.69. The company’s 50-day moving average is $24.43 and its 200-day moving average is $26.53. Norwood Financial Corp. has a fifty-two week low of $21.25 and a fifty-two week high of $34.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.60 million. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. Sell-side analysts anticipate that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

Norwood Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were paid a $0.31 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.67%. Norwood Financial’s dividend payout ratio (DPR) is currently 1,377.78%.

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.