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

Norwood Financial Corp. (NASDAQ:NWFL) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.66 and traded as low as $25.19. Norwood Financial shares last traded at $25.22, with a volume of 11,680 shares traded.

Analyst Ratings Changes

NWFL has been the topic of a number of recent research reports. Piper Sandler initiated coverage on Norwood Financial in a research report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price objective on the stock. Janney Montgomery Scott initiated coverage on Norwood Financial in a research report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price target for the company. Finally, StockNews.com upgraded shares of Norwood Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

Norwood Financial Stock Down 1.0 %

The firm has a market cap of $204.03 million, a PE ratio of 2,522.00 and a beta of 0.61. The company has a 50-day simple moving average of $26.44 and a 200-day simple moving average of $27.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91.

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

Norwood Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were issued a dividend of $0.31 per share. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, January 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.92%. Norwood Financial’s dividend payout ratio (DPR) is presently 12,400.00%.

Insider Buying and Selling at Norwood Financial

In other news, Director Ronald R. Schmalzle bought 7,692 shares of the stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $26.00 per share, for a total transaction of $199,992.00. Following the acquisition, the director now owns 15,510 shares of the company’s stock, valued at $403,260. This represents a 98.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 12,255 shares of company stock valued at $319,732 in the last three months. Company insiders own 9.10% of the company’s stock.

Institutional Trading of Norwood Financial

A number of hedge funds have recently added to or reduced their stakes in NWFL. Jacobs Asset Management LLC bought a new stake in shares of Norwood Financial in the 4th quarter valued at about $1,671,000. Deutsche Bank AG purchased a new stake in Norwood Financial during the fourth quarter worth $232,000. Bank of America Corp DE boosted its position in Norwood Financial by 48.9% during the 4th quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 2,985 shares in the last quarter. Raffles Associates LP bought a new position in shares of Norwood Financial in the 4th quarter worth $544,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Norwood Financial during the 4th quarter worth $1,292,000. 28.08% of the stock is owned by hedge funds and other institutional investors.

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.