Norwood Financial (NASDAQ:NWFL) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Norwood Financial Corp. (NASDAQ:NWFL)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.66 and traded as low as $25.19. Norwood Financial shares last traded at $25.22, with a volume of 11,680 shares trading hands.

Wall Street Analyst Weigh In

NWFL has been the topic of several analyst reports. StockNews.com raised shares of Norwood Financial from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Janney Montgomery Scott began coverage on Norwood Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.00 target price on the stock. Finally, Piper Sandler assumed coverage on Norwood Financial in a report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price target for the company.

Norwood Financial Trading Down 1.0 %

The stock’s fifty day simple moving average is $26.44 and its 200-day simple moving average is $27.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $204.03 million, a PE ratio of 2,522.00 and a beta of 0.61.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 earnings per share 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, sell-side analysts forecast that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

Norwood Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were issued a $0.31 dividend. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 4.92%. The ex-dividend date was Wednesday, January 15th. Norwood Financial’s dividend payout ratio is 12,400.00%.

Insider Activity at Norwood Financial

In related news, Director Ronald R. Schmalzle purchased 2,563 shares of Norwood Financial stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $26.43 per share, for a total transaction of $67,740.09. Following the completion of the transaction, the director now owns 15,168 shares in the company, valued at $400,890.24. The trade was a 20.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 12,255 shares of company stock worth $319,732 over the last three months. Company insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On Norwood Financial

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in 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 period. Barclays PLC boosted its stake 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 worth $270,000 after acquiring an additional 7,215 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Norwood Financial by 250.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 9,950 shares during the period. State Street Corp increased its stake in shares of Norwood Financial by 2.5% in the 3rd 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 in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Norwood Financial in the 3rd quarter worth about $200,000. 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.