Norwood Financial (NASDAQ:NWFL) Shares Cross Above 50 Day Moving Average - Time to Sell?

Key Points

• Norwood Financial's shares recently traded above their 50-day moving average at $25.22, suggesting potential market strength.
• Analysts have upgraded the stock from a "hold" to a "buy" rating and set a target price of $26.50, indicating positive growth expectations.
• The company declared a $0.31 quarterly dividend, which corresponds to a 5.0% annualized yield, although the payout ratio is notably high at 516.67%.

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $25.11 and traded as high as $25.22. Norwood Financial shares last traded at $24.99, with a volume of 23,121 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on NWFL shares. Stephens reaffirmed an "equal weight" rating and issued a $26.50 price objective on shares of Norwood Financial in a research note on Tuesday, July 8th. Wall Street Zen raised shares of Norwood Financial from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Norwood Financial presently has an average rating of "Hold" and an average target price of $28.50.

Norwood Financial Price Performance

The firm has a market capitalization of $237.52 million, a P/E ratio of 106.88 and a beta of 0.69. The company has a fifty day moving average of $25.05 and a 200 day moving average of $25.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.90 and a quick ratio of 0.90.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Norwood Financial had a net margin of 2.92% and a return on equity of 8.86%. The firm had revenue of $21.20 million during the quarter, compared to analyst estimates of $21.16 million. Sell-side analysts predict that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

Norwood Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Tuesday, July 15th. Norwood Financial's dividend payout ratio (DPR) is presently 516.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Norwood Financial by 89.0% in the fourth quarter. JPMorgan Chase & Co. now owns 26,314 shares of the financial services provider's stock worth $716,000 after purchasing an additional 12,392 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 buying an additional 811 shares in the last quarter. Wells Fargo & Company MN grew 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 worth $142,000 after buying an additional 928 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Norwood Financial in the 4th quarter valued at $1,394,000. Finally, Barclays PLC increased its stake in shares of Norwood Financial by 11.6% in 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. 28.08% of the stock is owned by institutional investors and hedge funds.

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.