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

Norwood Financial Corp. (NASDAQ:NWFL) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $30.10 and traded as high as $30.13. Norwood Financial shares last traded at $29.36, with a volume of 26,484 shares trading hands.

Analysts Set New Price Targets

NWFL has been the topic of a number of recent research reports. Stephens set a $33.00 price objective on shares of Norwood Financial and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Wall Street Zen downgraded shares of Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings raised shares of Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Norwood Financial has a consensus rating of “Hold” and a consensus target price of $33.00.

Norwood Financial Trading Down 3.9%

The stock has a market cap of $319.73 million, a PE ratio of 10.83 and a beta of 0.56. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.31. The business’s fifty day moving average is $30.10 and its 200 day moving average is $29.46.

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

Norwood Financial Announces Dividend

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 $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Wednesday, April 15th. Norwood Financial’s payout ratio is currently 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 acquired at an average price of $29.44 per share, with a total value 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 represents a 33.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased a total of 3,297 shares of company stock valued at $97,483 over the last ninety days. Insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Norwood Financial

A number of institutional investors have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co increased its position in 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 purchasing an additional 378 shares during the last quarter. Osaic Holdings Inc. increased its position 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 purchasing an additional 601 shares during the last quarter. Tower Research Capital LLC TRC increased its position in 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 worth $46,000 after purchasing an additional 1,321 shares during the last quarter. BNP Paribas Financial Markets increased its position in 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 worth $53,000 after purchasing an additional 1,241 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in 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 worth $54,000 after purchasing an additional 872 shares during the last quarter. Institutional investors and hedge funds 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.