Bank of New York Mellon Corp Sells 3,947 Shares of Norwood Financial Corp. (NASDAQ:NWFL)

Bank of New York Mellon Corp lessened its position in shares of Norwood Financial Corp. (NASDAQ:NWFL) by 16.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,550 shares of the financial services provider’s stock after selling 3,947 shares during the quarter. Bank of New York Mellon Corp’s holdings in Norwood Financial were worth $559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased 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 worth $2,755,000 after buying an additional 2,402 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in 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 acquiring an additional 600 shares during the period. JPMorgan Chase & Co. raised its position in shares of 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 in the last quarter. Finally, Barclays PLC raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

Wall Street Analyst Weigh In

NWFL has been the subject of several recent analyst reports. Janney Montgomery Scott started coverage on Norwood Financial in a research note on Thursday, January 2nd. They set a “buy” rating and a $31.00 target price for the company. Piper Sandler started coverage on shares of Norwood Financial in a research report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price objective for the company. Finally, StockNews.com downgraded shares of Norwood Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

Insider Buying and Selling

In other Norwood Financial news, Director Ronald R. Schmalzle purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average price of $26.00 per share, with a total value of $52,000.00. Following the transaction, the director now owns 17,621 shares in the company, valued at $458,146. The trade was a 12.80 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.10% of the stock is owned by company insiders.

Norwood Financial Stock Performance

Shares of NWFL opened at $24.69 on Friday. Norwood Financial Corp. has a one year low of $23.50 and a one year high of $34.50. The company has a market cap of $228.70 million, a PE ratio of 2,469.00 and a beta of 0.59. The stock has a 50-day moving average of $25.59 and a 200-day moving average of $27.53. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts predict that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Company 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.