Norwood Financial Corp. (NASDAQ:NWFL) Stock Position Lifted by State Street Corp

State Street Corp boosted its stake in Norwood Financial Corp. (NASDAQ:NWFL) by 2.5% in the third quarter, Holdings Channel reports. The institutional investor owned 99,889 shares of the financial services provider’s stock after acquiring an additional 2,402 shares during the quarter. State Street Corp’s holdings in Norwood Financial were worth $2,755,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC acquired a new position in shares of Norwood Financial in the third quarter worth $200,000. 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 valued at $566,000 after purchasing an additional 600 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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 purchasing an additional 2,563 shares during the last quarter. Code Waechter LLC bought a new position in Norwood Financial during the third quarter valued at approximately $815,000. Finally, Cetera Investment Advisers lifted its stake in Norwood Financial by 258.7% in the second quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock valued at $2,155,000 after acquiring an additional 61,247 shares during the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ronald R. Schmalzle acquired 7,692 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $26.00 per share, with a total value of $199,992.00. Following 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.10% of the company’s stock.

Norwood Financial Stock Performance

NWFL stock opened at $27.20 on Wednesday. The firm has a 50 day moving average of $29.54 and a two-hundred day moving average of $27.72. Norwood Financial Corp. has a 12 month low of $23.50 and a 12 month high of $34.50. The company has a market capitalization of $220.10 million, a price-to-earnings ratio of 17.11 and a beta of 0.61. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74.

Norwood Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.31 per share. 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 4.56%. The ex-dividend date is Wednesday, January 15th. Norwood Financial’s dividend payout ratio (DPR) is 77.99%.

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.