Norwood Financial (NASDAQ:NWFL) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Norwood Financial Corp. (NASDAQ:NWFL)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $30.67 and traded as high as $31.80. Norwood Financial shares last traded at $30.91, with a volume of 34,506 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently commented on NWFL. Wall Street Zen lowered Norwood Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. 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. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Norwood Financial Stock Down 2.2%

The business’s 50-day moving average is $30.67 and its two-hundred day moving average is $29.96. The firm has a market capitalization of $336.61 million, a price-to-earnings ratio of 11.41 and a beta of 0.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93.

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

Norwood Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. Norwood Financial’s payout ratio is 47.23%.

Insider Activity at Norwood Financial

In other news, CFO John Martin Mccaffery, Jr. acquired 1,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $29.44 per share, for a total transaction of $29,440.00. Following the transaction, the chief financial officer directly owned 4,000 shares in the company, valued at approximately $117,760. This represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders have acquired 3,297 shares of company stock valued at $97,483. 8.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co increased its holdings in shares of Norwood Financial by 75.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 378 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Norwood Financial by 130.7% during the 2nd 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 lifted its holdings in shares of Norwood Financial by 293.6% during the 2nd 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 lifted its holdings in shares of Norwood Financial by 144.5% during the 3rd 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 in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Norwood Financial by 68.9% in the 3rd 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 period. 28.08% of the stock is owned by institutional investors and hedge funds.

About Norwood Financial

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.