Ronald R. Schmalzle Purchases 7,692 Shares of Norwood Financial Corp. (NASDAQ:NWFL) Stock

Norwood Financial Corp. (NASDAQ:NWFL) Director Ronald R. Schmalzle acquired 7,692 shares of the stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $26.00 per share, with a total value of $199,992.00. Following the completion of the purchase, the director now owns 15,510 shares of the company’s stock, valued at approximately $403,260. The trade was a 98.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Norwood Financial Stock Down 0.4 %

Shares of NASDAQ:NWFL opened at $27.25 on Wednesday. The stock’s 50-day moving average is $29.69 and its 200 day moving average is $27.65. The company has a market cap of $220.51 million, a PE ratio of 17.14 and a beta of 0.61. 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 Corp. has a 1 year low of $23.50 and a 1 year high of $34.50.

Norwood Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 4.55%. Norwood Financial’s dividend payout ratio is 77.99%.

Institutional Investors Weigh In On Norwood Financial

Several institutional investors and hedge funds have recently modified their holdings of NWFL. Bank of New York Mellon Corp raised 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 worth $778,000 after buying an additional 2,563 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Norwood Financial by 258.7% in the 2nd 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. Code Waechter LLC purchased a new position in shares of Norwood Financial in the 3rd quarter valued at approximately $815,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of Norwood Financial during the third quarter valued at approximately $200,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Norwood Financial by 3.0% in the third 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 during the period. 28.08% of the stock is owned by hedge funds and other institutional investors.

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.