Norwood Financial (NASDAQ:NWFL) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Norwood Financial Corp. (NASDAQ:NWFL)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.60 and traded as low as $24.95. Norwood Financial shares last traded at $24.95, with a volume of 18,449 shares traded.

Analyst Upgrades and Downgrades

NWFL has been the topic of several analyst reports. Piper Sandler initiated coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 target price on the stock. StockNews.com lowered shares of Norwood Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Finally, Janney Montgomery Scott initiated coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They set a “buy” rating and a $31.00 target price for the company.

Norwood Financial Price Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average of $25.74 and a 200-day moving average of $27.56. The stock has a market capitalization of $231.58 million, a price-to-earnings ratio of 2,500.00 and a beta of 0.59.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Monday, February 3rd. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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 predict that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Insider Transactions at Norwood Financial

In other news, Director Ronald R. Schmalzle bought 2,563 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $26.43 per share, with a total value of $67,740.09. Following the transaction, the director now directly owns 15,168 shares in the company, valued at $400,890.24. This trade represents a 20.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Norwood Financial

Several large investors have recently modified their holdings of NWFL. Charles Schwab Investment Management Inc. increased its holdings in shares of Norwood Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 600 shares during the period. State Street Corp increased its stake in Norwood Financial by 2.5% in the third quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after purchasing an additional 2,402 shares during the period. Barclays PLC increased its stake in Norwood Financial by 280.5% in 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. JPMorgan Chase & Co. raised its holdings in shares of Norwood Financial by 250.5% in the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after buying an additional 9,950 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Norwood Financial during the fourth quarter worth about $1,394,000. 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.