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 crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.60 and traded as low as $24.95. Norwood Financial shares last traded at $24.95, with a volume of 18,449 shares traded.

Analyst Ratings Changes

A number of research firms have recently commented on NWFL. Piper Sandler initiated coverage on shares of Norwood Financial in a research report on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 price target on the stock. Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a report on Thursday, January 2nd. They issued a "buy" rating and a $31.00 target price on the stock. Finally, StockNews.com cut shares of Norwood Financial from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

Norwood Financial Trading Up 0.9 %

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 $231.58 million, a P/E ratio of 2,500.00 and a beta of 0.59. The company's 50 day moving average is $25.74 and its two-hundred day moving average is $27.57.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 earnings per share 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%. On average, sell-side analysts predict that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

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Insider Buying and Selling at Norwood Financial

In related news, Director Ronald R. Schmalzle acquired 2,563 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $26.43 per share, with a total value of $67,740.09. Following the completion of the acquisition, the director now owns 15,168 shares of the company's stock, valued at $400,890.24. This trade represents a 20.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.10% of the company's stock.

Institutional Trading of Norwood Financial

Several institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in Norwood Financial by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider's stock worth $566,000 after acquiring an additional 600 shares in the last quarter. Geode Capital Management LLC increased 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 worth $4,529,000 after purchasing an additional 811 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in 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 purchasing an additional 928 shares during the last quarter. Barclays PLC lifted its holdings in 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 purchasing an additional 1,139 shares during the last quarter. Finally, State Street Corp grew its stake in Norwood Financial by 2.5% during the third quarter. State Street Corp now owns 99,889 shares of the financial services provider's stock worth $2,755,000 after buying an additional 2,402 shares during the last quarter. Institutional investors and hedge funds own 28.08% of the company's stock.

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.