Norwood Financial (NASDAQ:NWFL) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Norwood Financial Corp. (NASDAQ:NWFL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.59 and traded as high as $34.10. Norwood Financial shares last traded at $33.83, with a volume of 25,575 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on NWFL shares. Wall Street Zen downgraded Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Stephens reissued a “mixed” rating and issued a $35.00 price objective (up from $34.00) on shares of Norwood Financial in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Norwood Financial in a research report on Friday, July 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Norwood Financial Stock Down 0.5%

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s 50 day moving average price is $31.85 and its two-hundred day moving average price is $30.59. The company has a market cap of $368.44 million, a P/E ratio of 11.67 and a beta of 0.54.

Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.01). Norwood Financial had a return on equity of 13.33% and a net margin of 18.68%.The company had revenue of $29.37 million during the quarter, compared to analyst estimates of $28.10 million. Equities research analysts anticipate that Norwood Financial Corp. will post 3.47 EPS for the current fiscal year.

Norwood Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th were paid a $0.32 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.8%. Norwood Financial’s dividend payout ratio (DPR) is currently 44.14%.

Insider Buying and Selling

In other news, Director James Shook purchased 3,100 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were acquired at an average cost of $34.55 per share, with a total value of $107,105.00. Following the purchase, the director owned 12,586 shares in the company, valued at $434,846.30. This represents a 32.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders bought 4,070 shares of company stock valued at $136,225. Insiders own 8.10% of the company’s stock.

Institutional Trading of Norwood Financial

Several hedge funds have recently bought and sold shares of NWFL. CANADA LIFE ASSURANCE Co increased 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 worth $25,000 after acquiring an additional 378 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Norwood Financial by 130.7% during the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock worth $27,000 after buying an additional 601 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Norwood Financial by 293.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,321 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Norwood Financial by 144.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,241 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Norwood Financial by 68.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 872 shares in the last quarter. Institutional investors and hedge funds own 28.08% of the company’s stock.

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.