Norwood Financial (NASDAQ:NWFL) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Norwood Financial Corp. (NASDAQ:NWFL)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $30.67 and traded as high as $31.80. Norwood Financial shares last traded at $30.91, with a volume of 34,506 shares traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Norwood Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.00.

Norwood Financial Trading Down 0.8%

The stock has a 50-day moving average of $30.74 and a 200 day moving average of $29.97. The stock has a market cap of $338.46 million, a PE ratio of 11.47 and a beta of 0.55. 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 posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). Norwood Financial had a return on equity of 12.43% and a net margin of 17.75%.The business had revenue of $3.12 million for the quarter, compared to analysts’ expectations of $27.50 million. As a group, sell-side analysts anticipate that Norwood Financial Corp. will post 3.45 earnings per share for the current year.

Norwood Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Norwood Financial’s dividend payout ratio (DPR) is 47.23%.

Insider Activity

In other Norwood Financial news, CFO John Martin Mccaffery, Jr. bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $117,760. This trade represents a 33.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 3,297 shares of company stock worth $97,483 over the last three months. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Norwood Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Norwood Financial by 75.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock valued at $25,000 after buying an additional 378 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Norwood Financial by 130.7% in 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 during the last quarter. Tower Research Capital LLC TRC grew its holdings 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 acquiring an additional 1,321 shares during the period. BNP Paribas Financial Markets grew its holdings 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 acquiring an additional 1,241 shares during the period. Finally, Russell Investments Group Ltd. raised 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 valued at $54,000 after acquiring an additional 872 shares in the last quarter. 28.08% of the stock is owned by institutional investors and hedge funds.

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.