Norwood Financial (NASDAQ:NWFL) Shares Cross Below 200 Day Moving Average – Time to Sell?

Norwood Financial Corp. (NASDAQ:NWFL)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.66 and traded as low as $25.19. Norwood Financial shares last traded at $25.22, with a volume of 11,680 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NWFL. StockNews.com upgraded Norwood Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Piper Sandler began coverage on Norwood Financial in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price objective on the stock. Finally, Janney Montgomery Scott began coverage on Norwood Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price objective on the stock.

Norwood Financial Stock Down 1.0 %

The stock has a 50 day moving average of $26.44 and a 200-day moving average of $27.66. The firm has a market capitalization of $204.03 million, a P/E ratio of 2,522.00 and a beta of 0.61. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings results 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 negative net margin of 0.16% and a positive return on equity of 8.38%. Research analysts predict that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were given a dividend of $0.31 per share. The ex-dividend date was Wednesday, January 15th. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 4.92%. Norwood Financial’s dividend payout ratio is currently 12,400.00%.

Insider Activity

In related news, Director Ronald R. Schmalzle purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were purchased at an average cost of $26.00 per share, for a total transaction of $52,000.00. Following the completion of the transaction, the director now directly owns 17,621 shares in the company, valued at approximately $458,146. This represents a 12.80 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased a total of 12,255 shares of company stock worth $319,732 over the last ninety days. Company insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Norwood Financial

Several hedge funds and other institutional investors have recently modified their holdings of NWFL. Wellington Management Group LLP bought a new position in shares of Norwood Financial in the fourth quarter worth approximately $16,814,000. The Manufacturers Life Insurance Company bought a new position in shares of Norwood Financial in the fourth quarter worth approximately $4,840,000. Alliancebernstein L.P. bought a new position in shares of Norwood Financial in the fourth quarter worth approximately $2,092,000. Jacobs Asset Management LLC bought a new position in shares of Norwood Financial in the fourth quarter worth approximately $1,671,000. Finally, Raymond James Financial Inc. bought a new position in shares of Norwood Financial in the fourth quarter worth approximately $1,394,000. 28.08% of the stock is currently owned by institutional investors.

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.