Norwood Financial (NASDAQ:NWFL) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Norwood Financial Corp. (NASDAQ:NWFL)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $28.62 and traded as high as $31.40. Norwood Financial shares last traded at $30.84, with a volume of 7,364 shares trading hands.

Norwood Financial Price Performance

The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average price is $28.62 and its 200-day moving average price is $26.68. The stock has a market cap of $249.50 million, a P/E ratio of 19.40 and a beta of 0.61.

Norwood Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Friday, October 18th. Norwood Financial’s dividend payout ratio (DPR) is presently 75.47%.

Hedge Funds Weigh In On Norwood Financial

Several hedge funds and other institutional investors have recently modified their holdings of NWFL. Cetera Investment Advisers grew its stake in shares of Norwood Financial by 258.7% in the second quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock worth $2,155,000 after purchasing an additional 61,247 shares during the last quarter. Code Waechter LLC bought a new stake in shares of Norwood Financial in the 3rd quarter worth approximately $815,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of Norwood Financial in the 3rd quarter worth approximately $200,000. Barclays PLC increased its stake in shares of Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock valued at $270,000 after buying an additional 7,215 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Norwood Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 379,847 shares of the financial services provider’s stock valued at $10,336,000 after acquiring an additional 2,978 shares in the last quarter. 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.