Norwood Financial (NASDAQ:NWFL) Shares Cross Below 200 Day Moving Average - What's Next?

Shares of Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.69 and traded as low as $24.75. Norwood Financial shares last traded at $24.75, with a volume of 16,973 shares.

Wall Street Analyst Weigh In

NWFL has been the subject of a number of research reports. StockNews.com downgraded shares of Norwood Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Piper Sandler assumed coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They set a "neutral" rating and a $28.00 target price for the company. Finally, Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They set a "buy" rating and a $31.00 target price for the company.

Norwood Financial Stock Down 1.7 %

The stock's 50 day simple moving average is $25.99 and its two-hundred day simple moving average is $27.69. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $200.28 million, a P/E ratio of 2,475.00 and a beta of 0.59.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 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%. As a group, research analysts forecast that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

Norwood Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.31 per share. This is a boost 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 dividend yield of 5.01%. Norwood Financial's dividend payout ratio is presently 12,400.00%.

Insider Activity

In related news, Director Ronald R. Schmalzle bought 2,000 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average price of $26.00 per share, for a total transaction of $52,000.00. Following the completion of the acquisition, the director now owns 17,621 shares of the company's stock, valued at $458,146. This trade represents a 12.80 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 12,255 shares of company stock worth $319,732 over the last 90 days. 9.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NWFL. Emerald Advisers LLC purchased a new position in shares of Norwood Financial during the 4th quarter worth $122,000. Wells Fargo & Company MN boosted its stake 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 worth $142,000 after acquiring an additional 928 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Norwood Financial during the 3rd quarter worth $200,000. Deutsche Bank AG purchased a new position in shares of Norwood Financial during the 4th quarter worth $232,000. Finally, Bank of America Corp DE boosted its stake in shares of 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 worth $247,000 after acquiring an additional 2,985 shares during the last quarter. Hedge funds and other institutional investors own 28.08% of the company's stock.

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.

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