Norwood Financial (NASDAQ:NWFL) Shares Pass Above 200 Day Moving Average – Should You Sell?

Norwood Financial Corp. (NASDAQ:NWFL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.59 and traded as high as $34.10. Norwood Financial shares last traded at $33.83, with a volume of 25,575 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NWFL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Norwood Financial in a research report on Friday, July 24th. Stephens reiterated a “mixed” rating and issued a $35.00 price objective (up from $34.00) on shares of Norwood Financial in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut Norwood Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Norwood Financial Stock Down 0.5%

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $368.41 million, a price-to-earnings ratio of 11.67 and a beta of 0.54. The firm has a 50-day moving average price of $31.85 and a two-hundred day moving average price of $30.59.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.86 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.01). Norwood Financial had a net margin of 18.68% and a return on equity of 13.33%. The firm had revenue of $29.37 million during the quarter, compared to the consensus estimate of $28.10 million. As a group, sell-side analysts anticipate that Norwood Financial Corp. will post 3.47 earnings per share for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, July 15th. Norwood Financial’s payout ratio is currently 44.14%.

Insider Buying and Selling

In other Norwood Financial news, Director James Shook purchased 3,100 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were purchased at an average cost of $34.55 per share, with a total value of $107,105.00. Following the transaction, the director directly owned 12,586 shares of the company’s stock, valued at $434,846.30. This represents a 32.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 4,070 shares of company stock worth $136,225 in the last ninety days. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of Norwood Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Norwood Financial by 18.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 765 shares during the last quarter. Geode Capital Management LLC grew its holdings in Norwood Financial by 3.2% during the second quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider’s stock worth $5,205,000 after purchasing an additional 6,238 shares during the period. Marshall Wace LLP acquired a new position in Norwood Financial during the second quarter worth approximately $648,000. Raymond James Financial Inc. increased its position in Norwood Financial by 20.8% during the second quarter. Raymond James Financial Inc. now owns 89,419 shares of the financial services provider’s stock worth $2,305,000 after buying an additional 15,408 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Norwood Financial by 293.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,321 shares during the period. 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.