Norwood Financial Corp. (NASDAQ:NWFL) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be given a dividend of 0.22 per share by the financial services provider on Wednesday, November 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, October 12th. This is an increase from Norwood Financial Corp.’s previous quarterly dividend of $0.21.
Norwood Financial Corp. (NASDAQ:NWFL) opened at 43.75 on Friday. The company has a market capitalization of $181.34 million, a P/E ratio of 22.42 and a beta of 0.14. The stock’s 50 day moving average is $43.02 and its 200-day moving average is $40.50. Norwood Financial Corp. has a 1-year low of $28.50 and a 1-year high of $45.03. Norwood Financial Corp.’s stock is going to split before the market opens on Monday, September 18th. The 3-2 split was announced on Wednesday, August 9th. The newly created shares will be distributed to shareholders after the market closes on Friday, September 15th.
Norwood Financial Corp. (NASDAQ:NWFL) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.65 earnings per share for the quarter. The firm had revenue of $10.31 million during the quarter. Norwood Financial Corp. had a net margin of 18.66% and a return on equity of 7.07%.
Separately, ValuEngine upgraded shares of Norwood Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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In other Norwood Financial Corp. news, insider William S. Lance sold 1,650 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $42.00, for a total transaction of $69,300.00. Following the completion of the transaction, the insider now owns 3,200 shares in the company, valued at approximately $134,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin M. Lamont purchased 825 shares of the stock in a transaction on Wednesday, August 9th. The shares were purchased at an average price of $41.17 per share, with a total value of $33,965.25. Following the acquisition, the director now directly owns 85,272 shares in the company, valued at $3,510,648.24. The disclosure for this purchase can be found here. Insiders own 6.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of NWFL. California State Teachers Retirement System acquired a new position in Norwood Financial Corp. during the 2nd quarter worth approximately $287,000. Vanguard Group Inc. grew its holdings in Norwood Financial Corp. by 42.4% during the 2nd quarter. Vanguard Group Inc. now owns 25,878 shares of the financial services provider’s stock worth $1,093,000 after acquiring an additional 7,707 shares in the last quarter. Finally, State Street Corp acquired a new position in Norwood Financial Corp. during the 2nd quarter worth approximately $1,683,000. Institutional investors own 11.43% of the company’s stock.
Norwood Financial Corp. Company Profile
Norwood Financial Corp. is a bank holding company. The Company operates through its subsidiary, Wayne Bank (the Bank). The Bank is a chartered bank and trust company. The Bank is an independent community bank that operates over five offices in the Wayne County, approximately three offices in Pike County, four offices in Monroe County and over three offices in Lackawanna County.
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