Emerald Advisers LLC Acquires New Holdings in Norwood Financial Corp. (NASDAQ:NWFL)

Emerald Advisers LLC bought a new position in Norwood Financial Corp. (NASDAQ:NWFL) during the 4th quarter, Holdings Channel reports. The institutional investor bought 4,500 shares of the financial services provider’s stock, valued at approximately $122,000.

Several other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of 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. JPMorgan Chase & Co. increased its stake in Norwood Financial by 250.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock worth $384,000 after acquiring an additional 9,950 shares during the last quarter. Barclays PLC increased its stake in Norwood Financial by 280.5% in the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 7,215 shares during the last quarter. State Street Corp increased its stake in Norwood Financial by 2.5% in 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Norwood Financial in the fourth quarter worth approximately $1,394,000. 28.08% of the stock is owned by institutional investors.

Norwood Financial Stock Up 0.9 %

Shares of NASDAQ NWFL opened at $25.00 on Monday. Norwood Financial Corp. has a one year low of $23.50 and a one year high of $34.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $25.74 and its two-hundred day simple moving average is $27.59. The stock has a market capitalization of $231.58 million, a P/E ratio of 2,500.00 and a beta of 0.59.

Norwood Financial (NASDAQ:NWFL) last released its 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 negative net margin of 0.16% and a positive return on equity of 8.38%. As a group, analysts expect that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on NWFL. Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a research report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price objective on the stock. StockNews.com lowered shares of Norwood Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, Piper Sandler initiated coverage on Norwood Financial in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 target price on the stock.

Insider Activity

In other news, Director Ronald R. Schmalzle bought 2,563 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $26.43 per share, for a total transaction of $67,740.09. Following the completion of the acquisition, the director now owns 15,168 shares of the company’s stock, valued at approximately $400,890.24. This trade represents a 20.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 9.10% of the company’s stock.

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.