Norwood Financial (NASDAQ:NWFL) Shares Down 1% – Here’s What Happened

Shares of Norwood Financial Corp. (NASDAQ:NWFL) fell 1% on Thursday . The stock traded as low as $29.96 and last traded at $30.20. 17,138 shares were traded during mid-day trading, an increase of 67% from the average session volume of 10,290 shares. The stock had previously closed at $30.50.

Norwood Financial Stock Performance

The firm has a market capitalization of $246.40 million, a P/E ratio of 19.15 and a beta of 0.61. The stock has a fifty day simple moving average of $29.70 and a two-hundred day simple moving average of $27.48. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Friday, October 18th. Norwood Financial’s payout ratio is 75.47%.

Institutional Trading of Norwood Financial

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Norwood Financial by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,657 shares of the financial services provider’s stock worth $778,000 after acquiring an additional 2,563 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Norwood Financial by 258.7% in the second quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock worth $2,155,000 after purchasing an additional 61,247 shares during the last quarter. Code Waechter LLC bought a new position in shares of Norwood Financial in the third quarter valued at approximately $815,000. Signature Estate & Investment Advisors LLC bought a new position in Norwood Financial during the 3rd quarter valued at $200,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 worth $566,000 after acquiring an additional 600 shares in the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.

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.