Norwood Financial (NASDAQ:NWFL) Shares Pass Below Fifty Day Moving Average – Here’s Why

Norwood Financial Corp. (NASDAQ:NWFL) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $29.86 and traded as low as $29.68. Norwood Financial shares last traded at $30.41, with a volume of 27,797 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NWFL. Zacks Research lowered Norwood Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Stephens set a $33.00 price objective on Norwood Financial and gave the stock an “equal weight” rating in a research report on Wednesday, February 11th. Wall Street Zen upgraded Norwood Financial from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings upgraded Norwood Financial from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.00.

Norwood Financial Price Performance

The stock has a 50 day moving average price of $29.86 and a two-hundred day moving average price of $28.24. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $331.16 million, a PE ratio of 10.17 and a beta of 0.58.

Norwood Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.2%. Norwood Financial’s dividend payout ratio (DPR) is 42.81%.

Insider Transactions at Norwood Financial

In other news, Director James Shook purchased 3,500 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was bought at an average cost of $28.80 per share, with a total value of $100,800.00. Following the purchase, the director directly owned 8,330 shares of the company’s stock, valued at approximately $239,904. This trade represents a 72.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph W. Carroll purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were purchased at an average cost of $28.13 per share, with a total value of $112,520.00. Following the completion of the purchase, the director directly owned 41,503 shares in the company, valued at approximately $1,167,479.39. This represents a 10.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 9,700 shares of company stock valued at $274,770 over the last ninety days. Company insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cornerstone Wealth Group LLC bought a new position in shares of Norwood Financial in the 3rd quarter valued at approximately $4,679,000. Fourthstone LLC bought a new position in shares of Norwood Financial in the 2nd quarter valued at approximately $510,000. Alliance Wealth Advisors LLC bought a new position in shares of Norwood Financial in the 3rd quarter valued at approximately $289,000. Fisher Asset Management LLC bought a new position in shares of Norwood Financial in the 2nd quarter valued at approximately $305,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 acquiring an additional 765 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. 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.