Barclays PLC Has $270,000 Holdings in Norwood Financial Corp. (NASDAQ:NWFL)

Barclays PLC grew its holdings in Norwood Financial Corp. (NASDAQ:NWFL) by 280.5% in the 3rd quarter, Holdings Channel reports. The fund owned 9,787 shares of the financial services provider’s stock after purchasing an additional 7,215 shares during the quarter. Barclays PLC’s holdings in Norwood Financial were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings 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 purchasing an additional 600 shares during the period. Cetera Investment Advisers raised its position in shares of Norwood Financial by 258.7% during the second quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock valued at $2,155,000 after buying an additional 61,247 shares during the last quarter. State Street Corp raised its position in shares of Norwood Financial by 2.5% during the third quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after buying an additional 2,402 shares during the last quarter. Code Waechter LLC acquired a new stake in Norwood Financial during the third quarter worth about $815,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in Norwood Financial during the third quarter valued at about $200,000. Institutional investors and hedge funds own 28.08% of the company’s stock.

Analysts Set New Price Targets

NWFL has been the subject of a number of research reports. Piper Sandler assumed coverage on Norwood Financial in a research report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price objective for the company. Janney Montgomery Scott assumed coverage on Norwood Financial in a research report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 target price for the company.

Insider Buying and Selling

In other news, Director Ronald R. Schmalzle bought 7,692 shares of the stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $26.00 per share, with a total value of $199,992.00. Following the acquisition, the director now owns 15,510 shares in the company, valued at $403,260. This trade represents a 98.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.30% of the stock is owned by corporate insiders.

Norwood Financial Stock Performance

NASDAQ NWFL opened at $26.25 on Tuesday. Norwood Financial Corp. has a twelve month low of $23.50 and a twelve month high of $34.50. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a market cap of $212.36 million, a P/E ratio of 16.51 and a beta of 0.62. The company’s 50-day simple moving average is $28.62 and its 200 day simple moving average is $27.87.

Norwood Financial Increases Dividend

The business 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. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Wednesday, January 15th. Norwood Financial’s dividend payout ratio is currently 75.47%.

Norwood Financial 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.