Norwood Financial (NASDAQ:NWFL) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened
by Teresa Graham · The Cerbat GemNorwood Financial Corp. (NASDAQ:NWFL – Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $30.48 and traded as high as $32.86. Norwood Financial shares last traded at $32.28, with a volume of 61,974 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Wall Street Zen downgraded Norwood Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Norwood Financial has an average rating of “Hold” and a consensus target price of $33.00.
View Our Latest Stock Analysis on Norwood Financial
Norwood Financial Stock Up 1.4%
The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a fifty day simple moving average of $30.53 and a 200-day simple moving average of $29.89. The firm has a market cap of $355.01 million, a price-to-earnings ratio of 12.03 and a beta of 0.56.
Norwood Financial (NASDAQ:NWFL – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.09). The company had revenue of $3.12 million during the quarter, compared to the consensus estimate of $27.50 million. Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. As a group, sell-side analysts expect that Norwood Financial Corp. will post 3.45 EPS for the current year.
Norwood Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.9%. Norwood Financial’s dividend payout ratio is presently 47.23%.
Insiders Place Their Bets
In other news, CFO John Martin Mccaffery, Jr. purchased 1,000 shares of Norwood Financial stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $29.44 per share, for a total transaction of $29,440.00. Following the purchase, the chief financial officer directly owned 4,000 shares of the company’s stock, valued at $117,760. This trade represents a 33.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 3,297 shares of company stock worth $97,483. Company insiders own 8.10% of the company’s stock.
Hedge Funds Weigh In On Norwood Financial
Several institutional investors and hedge funds have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co boosted its holdings in Norwood Financial by 75.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 880 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 378 shares during the period. Osaic Holdings Inc. raised its position in shares of Norwood Financial by 130.7% in the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock valued at $27,000 after buying an additional 601 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Norwood Financial by 144.5% in the third quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,241 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Norwood Financial by 68.9% during the third quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock worth $54,000 after buying an additional 872 shares in the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.
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. 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.