Norwood Financial (NASDAQ:NWFL) Earns Buy Rating from Analysts at Janney Montgomery Scott

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

Norwood Financial Stock Down 0.7 %

Shares of NWFL opened at $26.36 on Thursday. The stock has a market capitalization of $213.31 million, a price-to-earnings ratio of 16.58 and a beta of 0.61. Norwood Financial has a 52 week low of $23.50 and a 52 week high of $34.50. 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 stock has a fifty day moving average of $29.49 and a 200-day moving average of $27.73.

Norwood Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.24 annualized dividend and a dividend yield of 4.70%. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. Norwood Financial’s dividend payout ratio is currently 77.99%.

Insider Activity at Norwood Financial

In related news, Director Ronald R. Schmalzle acquired 7,692 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost 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 approximately $403,260. This trade represents a 98.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 9.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Norwood Financial

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Norwood Financial by 2.5% in the 3rd 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 last quarter. Cetera Investment Advisers boosted its stake in Norwood Financial by 258.7% during the second quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock worth $2,155,000 after acquiring an additional 61,247 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Norwood Financial by 9.1% in the second quarter. Bank of New York Mellon Corp now owns 30,657 shares of the financial services provider’s stock valued at $778,000 after purchasing an additional 2,563 shares in the last quarter. Code Waechter LLC acquired a new position in shares of Norwood Financial during the third quarter valued at about $815,000. Finally, Charles Schwab Investment Management Inc. boosted 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 worth $566,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 28.08% of the company’s stock.

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.