JPMorgan Chase & Co. Grows Position in Norwood Financial Corp. (NASDAQ:NWFL)

JPMorgan Chase & Co. raised its position in Norwood Financial Corp. (NASDAQ:NWFL) by 250.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,922 shares of the financial services provider’s stock after acquiring an additional 9,950 shares during the quarter. JPMorgan Chase & Co.’s holdings in Norwood Financial were worth $384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NWFL. Charles Schwab Investment Management Inc. lifted 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 during the last quarter. Barclays PLC raised its stake in Norwood Financial by 280.5% in the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after buying an additional 7,215 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Norwood Financial by 258.7% during the 2nd quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock worth $2,155,000 after buying an additional 61,247 shares during the last quarter. Code Waechter LLC acquired a new position in shares of Norwood Financial during the 3rd quarter worth about $815,000. Finally, State Street Corp boosted its position in shares of Norwood Financial by 2.5% during the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock worth $2,755,000 after acquiring an additional 2,402 shares in the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

Insiders Place Their Bets

In other Norwood Financial news, Director Ronald R. Schmalzle bought 7,692 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $26.00 per share, for a total transaction 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. This 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 accessible through this link. 9.10% of the stock is currently owned by insiders.

Norwood Financial Stock Down 1.2 %

Norwood Financial stock opened at $25.82 on Thursday. The company has a market capitalization of $208.88 million, a P/E ratio of 16.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. Norwood Financial Corp. has a fifty-two week low of $23.50 and a fifty-two week high of $34.50. The stock has a 50-day simple moving average of $27.99 and a 200-day simple moving average of $27.90.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a return on equity of 6.94% and a net margin of 10.90%. Equities research analysts expect that Norwood Financial Corp. will post 2.1 earnings per share for the current year.

Norwood Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.80%. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30. Norwood Financial’s dividend payout ratio is currently 77.99%.

Analyst Ratings Changes

NWFL has been the topic of several research analyst reports. Janney Montgomery Scott started coverage on Norwood Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.00 target price on the stock. Piper Sandler initiated coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price objective on the stock. Finally, StockNews.com cut shares of Norwood Financial from a “hold” rating to a “sell” rating in a report on Wednesday.

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.