Norwood Financial (NASDAQ:NWFL) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Norwood Financial Corp. (NASDAQ:NWFL) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $28.62 and traded as high as $31.40. Norwood Financial shares last traded at $30.84, with a volume of 7,364 shares trading hands.

Norwood Financial Stock Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market cap of $249.50 million, a P/E ratio of 19.40 and a beta of 0.61. The company has a 50 day simple moving average of $28.62 and a 200-day simple moving average of $26.68.

Norwood Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Friday, October 18th. Norwood Financial’s dividend payout ratio is currently 75.47%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NWFL. Barclays PLC grew its holdings in shares of Norwood Financial by 280.5% during the 3rd 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 last quarter. State Street Corp boosted its position in Norwood Financial by 2.5% during the third quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after buying an additional 2,402 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Norwood Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock valued at $566,000 after buying an additional 600 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in shares of Norwood Financial during the third quarter valued at about $200,000. Finally, Code Waechter LLC purchased a new position in shares of Norwood Financial in the third quarter worth about $815,000. 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.