Norwood Financial (NASDAQ:NWFL) Stock Passes Below 200-Day Moving Average – Here’s Why

Norwood Financial Corp. (NASDAQ:NWFL)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.74 and traded as low as $25.29. Norwood Financial shares last traded at $26.02, with a volume of 14,812 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Janney Montgomery Scott assumed 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. StockNews.com upgraded Norwood Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Piper Sandler assumed coverage on Norwood Financial in a research note on Wednesday, January 8th. They set a “neutral” rating and a $28.00 target price for the company.

Norwood Financial Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $209.77 million, a price-to-earnings ratio of 2,593.00 and a beta of 0.61. The company has a 50-day moving average of $26.93 and a 200-day moving average of $27.73.

Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (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%. On average, equities research analysts forecast that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were given a dividend of $0.31 per share. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend was Wednesday, January 15th. Norwood Financial’s dividend payout ratio is currently 12,400.00%.

Insider Activity at Norwood Financial

In related news, Director Ronald R. Schmalzle bought 2,000 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $26.00 per share, with a total value of $52,000.00. Following the completion of the transaction, the director now directly owns 17,621 shares of the company’s stock, valued at approximately $458,146. This represents a 12.80 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have bought 12,255 shares of company stock valued at $319,732. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Norwood Financial

Several large investors have recently added to or reduced their stakes in NWFL. Emerald Advisers LLC acquired a new stake in Norwood Financial in the fourth quarter worth $122,000. Wells Fargo & Company MN increased its holdings in shares of Norwood Financial by 21.7% during the fourth quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 928 shares during the period. Signature Estate & Investment Advisors LLC acquired a new position in shares of Norwood Financial during the third quarter valued at $200,000. Barclays PLC increased its holdings in shares of Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 7,215 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Norwood Financial by 250.5% during the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 9,950 shares during the period. 28.08% of the stock is owned by institutional investors and hedge funds.

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.