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

Norwood Financial Corp. (NASDAQ:NWFL) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $28.19 and traded as high as $28.25. Norwood Financial shares last traded at $28.09, with a volume of 12,683 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NWFL shares. Zacks Research downgraded shares of Norwood Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Norwood Financial in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Norwood Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.50.

Norwood Financial Trading Down 0.2%

The company has a market cap of $259.56 million, a PE ratio of 43.12 and a beta of 0.61. The company’s 50 day simple moving average is $28.22 and its two-hundred day simple moving average is $26.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.90.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.68 by $0.26. Norwood Financial had a net margin of 6.82% and a return on equity of 10.68%. The firm had revenue of $22.96 million for the quarter, compared to analyst estimates of $22.10 million. During the same period in the prior year, the business posted $0.48 EPS. As a group, sell-side analysts anticipate that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This is a boost from Norwood Financial’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.6%. Norwood Financial’s payout ratio is presently 190.77%.

Insider Activity

In other news, Director James Shook bought 3,800 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average price of $26.71 per share, with a total value of $101,498.00. Following the purchase, the director owned 4,830 shares in the company, valued at approximately $129,009.30. The trade was a 368.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Norwood Financial

A number of large investors have recently modified their holdings of NWFL. Los Angeles Capital Management LLC acquired a new stake in Norwood Financial during the second quarter worth approximately $363,000. Fourthstone LLC acquired a new position in Norwood Financial during the second quarter worth approximately $510,000. Fisher Asset Management LLC acquired a new position in Norwood Financial during the second quarter worth approximately $305,000. Cetera Investment Advisers lifted its stake in Norwood Financial by 1.0% in the second quarter. Cetera Investment Advisers now owns 61,743 shares of the financial services provider’s stock valued at $1,592,000 after buying an additional 604 shares during the last quarter. Finally, Community Bank N.A. boosted its holdings in shares of Norwood Financial by 91.6% in the third quarter. Community Bank N.A. now owns 6,802 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 3,252 shares during the period. 28.08% of the stock is owned by hedge funds and other institutional investors.

Norwood Financial Company Profile

Norwood Financial Corporation is the bank holding company for Norwood Bank, a community-oriented financial institution headquartered in Norwood, Massachusetts. Incorporated in 2010, the company oversees a network of branch offices serving suburban and metropolitan communities in eastern Massachusetts. Norwood Financial’s mission emphasizes personalized service, local decision-making and a commitment to supporting neighborhood growth.

The company’s primary business activities encompass a full suite of personal and commercial banking products and services.