Norwood Financial (NASDAQ:NWFL) Shares Pass Above 200 Day Moving Average – Should You Sell?

Norwood Financial Corp. (NASDAQ:NWFLGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.59 and traded as high as $34.10. Norwood Financial shares last traded at $33.83, with a volume of 25,575 shares traded.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wall Street Zen lowered shares of Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Stephens reiterated a “mixed” rating and set a $35.00 target price (up from $34.00) on shares of Norwood Financial in a research report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Norwood Financial in a research report on Friday, July 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Norwood Financial currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

View Our Latest Stock Report on NWFL

Norwood Financial Stock Performance

The firm’s 50-day moving average price is $31.85 and its 200 day moving average price is $30.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $368.41 million, a price-to-earnings ratio of 11.67 and a beta of 0.54.

Norwood Financial (NASDAQ:NWFLGet Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). The business had revenue of $29.37 million for the quarter, compared to the consensus estimate of $28.10 million. Norwood Financial had a return on equity of 13.33% and a net margin of 18.68%. On average, sell-side analysts anticipate that Norwood Financial Corp. will post 3.47 EPS for the current year.

Norwood Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Wednesday, July 15th. Norwood Financial’s dividend payout ratio (DPR) is currently 44.14%.

Insider Activity at Norwood Financial

In related news, Director James Shook acquired 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was acquired at an average price of $34.55 per share, for a total transaction of $107,105.00. Following the completion of the acquisition, the director owned 12,586 shares of the company’s stock, valued at $434,846.30. This trade represents a 32.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 4,070 shares of company stock worth $136,225 over the last ninety days. 8.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Norwood Financial

Several institutional investors have recently modified their holdings of NWFL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Norwood Financial by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 765 shares during the last quarter. Geode Capital Management LLC raised its holdings in Norwood Financial by 3.2% in the second quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider’s stock worth $5,205,000 after purchasing an additional 6,238 shares during the period. Marshall Wace LLP acquired a new stake in Norwood Financial in the second quarter worth $648,000. Raymond James Financial Inc. boosted its position in shares of Norwood Financial by 20.8% during the second quarter. Raymond James Financial Inc. now owns 89,419 shares of the financial services provider’s stock worth $2,305,000 after purchasing an additional 15,408 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Norwood Financial by 293.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,321 shares in the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.

About Norwood Financial

(Get Free Report)

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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.

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