Norwood Financial (NASDAQ:NWFL) Coverage Initiated by Analysts at Janney Montgomery Scott

Janney Montgomery Scott began coverage on shares of Norwood Financial (NASDAQ:NWFL) in a research report sent to investors on Thursday, Marketbeat.com reports. The firm issued a buy rating and a $31.00 price target on the financial services provider’s stock.

Norwood Financial Stock Performance

Shares of NWFL stock opened at $26.36 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $29.49 and a two-hundred day simple moving average of $27.73. Norwood Financial has a 12 month low of $23.50 and a 12 month high of $34.50. The firm has a market capitalization of $213.31 million, a PE ratio of 16.58 and a beta of 0.61.

Norwood Financial Increases Dividend

The firm 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 is a boost from Norwood Financial’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, January 15th. This represents a $1.24 annualized dividend and a yield of 4.70%. Norwood Financial’s dividend payout ratio (DPR) is presently 77.99%.

Insider Buying and Selling at Norwood Financial

In related news, Director Ronald R. Schmalzle bought 7,692 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were 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 $403,260. This trade represents a 98.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Norwood Financial

A number of institutional investors and hedge funds have recently bought and sold shares of NWFL. JPMorgan Chase & Co. grew its stake in shares of Norwood Financial by 250.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after acquiring an additional 9,950 shares in the last quarter. Barclays PLC boosted its holdings in Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 7,215 shares during the last quarter. State Street Corp grew its position in Norwood Financial by 2.5% in the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock worth $2,755,000 after purchasing an additional 2,402 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $566,000 after buying an additional 600 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Norwood Financial during the 3rd quarter worth approximately $200,000. 28.08% of the stock is owned by hedge funds and other institutional investors.

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.