Dimensional Fund Advisors LP Acquires 16,228 Shares of Norwood Financial Co. (NWFL)

Dimensional Fund Advisors LP increased its holdings in shares of Norwood Financial Co. (NASDAQ:NWFL) by 50.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 48,702 shares of the financial services provider’s stock after purchasing an additional 16,228 shares during the period. Dimensional Fund Advisors LP’s holdings in Norwood Financial were worth $1,486,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Norwood Financial in the 2nd quarter valued at approximately $481,000. Peoples Financial Services CORP. increased its position in shares of Norwood Financial by 50.0% in the 3rd quarter. Peoples Financial Services CORP. now owns 11,821 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 3,940 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in shares of Norwood Financial in the 2nd quarter valued at approximately $288,000. Siena Capital Partners GP LLC increased its position in shares of Norwood Financial by 50.0% in the 3rd quarter. Siena Capital Partners GP LLC now owns 32,561 shares of the financial services provider’s stock valued at $994,000 after purchasing an additional 10,854 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Norwood Financial by 305.4% in the 2nd quarter. Northern Trust Corp now owns 43,860 shares of the financial services provider’s stock valued at $1,853,000 after purchasing an additional 33,041 shares during the last quarter. 17.45% of the stock is currently owned by institutional investors.

In other news, EVP John F. Carmody sold 2,219 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.17, for a total value of $66,947.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ralph A. Matergia sold 825 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $32.55, for a total transaction of $26,853.75. Following the completion of the transaction, the director now owns 5,673 shares of the company’s stock, valued at approximately $184,656.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,219 shares of company stock valued at $343,138. Company insiders own 6.40% of the company’s stock.

Norwood Financial Co. (NASDAQ:NWFL) opened at $30.53 on Friday. Norwood Financial Co. has a twelve month low of $23.00 and a twelve month high of $35.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $198.62, a price-to-earnings ratio of 17.77 and a beta of 0.06.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, January 12th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Thursday, January 11th. Norwood Financial’s payout ratio is 67.01%.

Separately, ValuEngine downgraded shares of Norwood Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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About Norwood Financial

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.

Want to see what other hedge funds are holding NWFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norwood Financial Co. (NASDAQ:NWFL).

Institutional Ownership by Quarter for Norwood Financial (NASDAQ:NWFL)

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