Norwood Financial (NASDAQ:NWFL) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Norwood Financial Corp. (NASDAQ:NWFL) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $30.48 and traded as high as $32.86. Norwood Financial shares last traded at $32.28, with a volume of 61,974 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NWFL shares. Weiss Ratings raised shares of Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered Norwood Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.00.

Norwood Financial Trading Down 0.6%

The company has a 50 day moving average of $30.48 and a 200 day moving average of $29.85. 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 stock has a market capitalization of $351.53 million, a price-to-earnings ratio of 11.91 and a beta of 0.56.

Norwood Financial (NASDAQ:NWFL) last announced its earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.09). Norwood Financial had a return on equity of 12.43% and a net margin of 17.75%.The business had revenue of $3.12 million for the quarter, compared to analyst estimates of $27.50 million. On average, research analysts predict that Norwood Financial Corp. will post 3.45 EPS for the current fiscal year.

Norwood Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, July 15th. Norwood Financial’s dividend payout ratio (DPR) is currently 47.23%.

Insiders Place Their Bets

In other Norwood Financial news, CFO John Martin Mccaffery, Jr. purchased 1,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $29.44 per share, for a total transaction of $29,440.00. Following the completion of the transaction, the chief financial officer owned 4,000 shares of the company’s stock, valued at $117,760. The trade was a 33.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought 3,297 shares of company stock worth $97,483 in the last quarter. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NWFL. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Norwood Financial by 75.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 378 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Norwood Financial by 130.7% in the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 601 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Norwood Financial by 293.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,321 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Norwood Financial by 144.5% in the third quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,241 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Norwood Financial by 68.9% in the third quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 872 shares during the last quarter. 28.08% of the stock is owned by hedge funds and other institutional investors.

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. 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.