Norwood Financial (NASDAQ:NWFL) Stock Price Passes Below 200 Day Moving Average - Time to Sell?

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.74 and traded as low as $25.29. Norwood Financial shares last traded at $26.02, with a volume of 14,812 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NWFL. StockNews.com upgraded shares of Norwood Financial from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. Janney Montgomery Scott started coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They issued a "buy" rating and a $31.00 target price on the stock. Finally, Piper Sandler started coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 target price on the stock.

Norwood Financial Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $209.77 million, a price-to-earnings ratio of 2,593.00 and a beta of 0.61. The firm's 50-day simple moving average is $26.83 and its 200-day simple moving average is $27.70.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%. Sell-side analysts forecast that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

Norwood Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.78%. This is a positive change from Norwood Financial's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, January 15th. Norwood Financial's dividend payout ratio (DPR) is currently 12,400.00%.

Insiders Place Their Bets

In other Norwood Financial news, Director Ronald R. Schmalzle bought 2,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $52,000.00. Following the transaction, the director now owns 17,621 shares in the company, valued at approximately $458,146. The trade was a 12.80 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased 12,255 shares of company stock worth $319,732 in the last ninety days. Insiders own 9.10% of the company's stock.

Institutional Trading of Norwood Financial

Several institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in shares of Norwood Financial by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider's stock valued at $566,000 after acquiring an additional 600 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Norwood Financial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock valued at $4,529,000 after acquiring an additional 811 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Norwood Financial by 21.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,203 shares of the financial services provider's stock valued at $142,000 after acquiring an additional 928 shares in the last quarter. Barclays PLC boosted its position in shares of Norwood Financial by 11.6% during the 4th quarter. Barclays PLC now owns 10,926 shares of the financial services provider's stock valued at $298,000 after acquiring an additional 1,139 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Norwood Financial by 2.5% during the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider's stock valued at $2,755,000 after acquiring an additional 2,402 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.