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 traded.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NWFL. Weiss Ratings upgraded Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Stephens set a $33.00 price target on Norwood Financial and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen downgraded Norwood Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.00.

Norwood Financial Price Performance

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

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

Norwood Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, April 15th. Norwood Financial’s dividend payout ratio is presently 47.23%.

Insider Buying and Selling at Norwood Financial

In other news, CFO John Martin Mccaffery, Jr. purchased 1,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $29.44 per share, with a total value of $29,440.00. Following the acquisition, the chief financial officer directly owned 4,000 shares of the company’s stock, valued at $117,760. This represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders acquired 2,597 shares of company stock worth $76,350. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Norwood Financial

A number of institutional investors have recently bought and sold shares of NWFL. Wellington Management Group LLP raised its holdings in Norwood Financial by 40.1% in the 4th quarter. Wellington Management Group LLP now owns 888,812 shares of the financial services provider’s stock worth $24,931,000 after purchasing an additional 254,259 shares during the period. Bulldog Investors LLP raised its holdings in Norwood Financial by 165.0% in the 1st quarter. Bulldog Investors LLP now owns 170,000 shares of the financial services provider’s stock worth $5,001,000 after purchasing an additional 105,855 shares during the period. Segall Bryant & Hamill LLC bought a new position in Norwood Financial in the 4th quarter worth $1,567,000. Marshall Wace LLP bought a new position in Norwood Financial in the 2nd quarter worth $648,000. Finally, Citadel Advisors LLC bought a new position in Norwood Financial in the 3rd quarter worth $605,000. 28.08% of the stock is owned by 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. 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.