Norwood Financial (NASDAQ:NWFL) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Norwood Financial Corp. (NASDAQ:NWFL)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $29.90 and traded as high as $30.72. Norwood Financial shares last traded at $30.70, with a volume of 18,314 shares.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NWFL. Wall Street Zen cut Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings raised Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, Stephens set a $33.00 target price on Norwood Financial and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Norwood Financial presently has an average rating of “Hold” and a consensus price target of $33.00.

Norwood Financial Trading Up 2.4%

The firm has a market capitalization of $334.35 million, a P/E ratio of 11.33 and a beta of 0.56. The stock has a fifty day simple moving average of $29.90 and a 200 day simple moving average of $29.31. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). The firm had revenue of $27.27 million for the quarter, compared to analysts’ expectations of $27.50 million. Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. As a group, research analysts forecast that Norwood Financial Corp. will post 3.45 EPS for the current year.

Norwood Financial Dividend Announcement

The company also recently disclosed 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 presently 47.23%.

Insider Buying and Selling at Norwood Financial

In other news, CFO John Martin Mccaffery, Jr. acquired 1,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average price of $29.44 per share, for a total transaction of $29,440.00. Following the completion of the transaction, the chief financial officer directly owned 4,000 shares in the company, valued at approximately $117,760. This trade represents a 33.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 2,597 shares of company stock worth $76,350 in the last ninety days. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its position in shares of Norwood Financial by 75.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 378 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Norwood Financial by 130.7% during the second 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 grew its position in shares of Norwood Financial by 293.6% during the second 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 grew its position in shares of Norwood Financial by 144.5% during the third 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% during the third 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 in the last quarter. Hedge funds and other institutional investors own 28.08% of the company’s stock.

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.