Norwood Financial (NASDAQ:NWFL) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of Norwood Financial Corp. (NASDAQ:NWFL) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.74 and traded as low as $25.29. Norwood Financial shares last traded at $26.02, with a volume of 14,812 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Piper Sandler assumed coverage on shares of Norwood Financial in a research report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price target on the stock. StockNews.com upgraded shares of Norwood Financial from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a research report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price target on the stock.

Norwood Financial Trading Down 0.3 %

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm’s 50-day simple moving average is $26.93 and its 200 day simple moving average is $27.73. The stock has a market capitalization of $209.77 million, a P/E ratio of 2,593.00 and a beta of 0.61.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17). Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%. Equities research analysts anticipate that Norwood Financial Corp. will post 2.51 EPS for the current fiscal year.

Norwood Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.78%. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30. Norwood Financial’s dividend payout ratio (DPR) is currently 12,400.00%.

Insider Buying and Selling

In other Norwood Financial news, Director Ronald R. Schmalzle bought 7,692 shares of the stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $26.00 per share, with a total value of $199,992.00. Following the purchase, the director now directly owns 15,510 shares in the company, valued at $403,260. The trade was a 98.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have purchased 12,255 shares of company stock valued at $319,732. 9.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Norwood Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP purchased a new position in Norwood Financial during the 4th quarter valued at about $16,814,000. The Manufacturers Life Insurance Company purchased a new position in Norwood Financial during the 4th quarter valued at about $4,840,000. Geode Capital Management LLC grew its stake in Norwood Financial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider’s stock valued at $4,529,000 after acquiring an additional 811 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Norwood Financial by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider’s stock valued at $2,905,000 after acquiring an additional 3,017 shares in the last quarter. Finally, State Street Corp grew its stake in Norwood Financial by 2.5% during the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider’s stock valued at $2,755,000 after acquiring an additional 2,402 shares in the last quarter. Hedge funds and other institutional investors 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.