Norwood Financial (NASDAQ:NWFL) Shares Pass Above 50 Day Moving Average – What’s Next?

Norwood Financial Corp. (NASDAQ:NWFL)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $30.10 and traded as high as $30.13. Norwood Financial shares last traded at $29.36, with a volume of 26,484 shares.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NWFL shares. Weiss Ratings raised Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Stephens set a $33.00 price target on Norwood Financial and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen lowered shares of Norwood Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.00.

Norwood Financial Stock Performance

The firm has a fifty day simple moving average of $30.16 and a 200-day simple moving average of $29.48. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The company has a market cap of $335.30 million, a PE ratio of 11.36 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 analysts’ consensus estimates of $0.81 by ($0.09). The firm had revenue of $27.27 million during the quarter, compared to analyst estimates of $27.50 million. Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. On average, research analysts forecast that Norwood Financial Corp. will post 3.45 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, April 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.2%. Norwood Financial’s dividend payout ratio (DPR) is 47.23%.

Insider Activity at Norwood Financial

In other Norwood Financial news, CFO John Martin Mccaffery, Jr. bought 1,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $29.44 per share, with a total value of $29,440.00. Following the acquisition, the chief financial officer directly owned 4,000 shares of the company’s stock, valued at $117,760. The trade was a 33.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 3,297 shares of company stock valued at $97,483. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co increased its stake in Norwood Financial by 75.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock valued at $25,000 after buying an additional 378 shares during the period. Royal Bank of Canada lifted its stake in shares of Norwood Financial by 8.1% in the 4th quarter. Royal Bank of Canada now owns 6,120 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 459 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Norwood Financial by 130.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 601 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Norwood Financial by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 201,621 shares of the financial services provider’s stock valued at $5,657,000 after acquiring an additional 650 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Norwood Financial by 18.5% during the first 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 period. 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.