Norwood Financial (NASDAQ:NWFL) Share Price Passes Above Fifty Day Moving Average - Here's Why

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) 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.

Wall Street Analysts Forecast Growth

NWFL has been the topic of a number of research analyst reports. Stephens reissued an "equal weight" rating and issued a $26.50 price target on shares of Norwood Financial in a report on Tuesday, July 8th. Wall Street Zen raised Norwood Financial from a "hold" rating to a "buy" rating in a report on Sunday, August 10th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $28.50.

Norwood Financial Trading Up 2.6%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average of $25.05 and a 200 day moving average of $25.04. The company has a market capitalization of $237.57 million, a PE ratio of 106.88 and a beta of 0.69.

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

Norwood Financial Dividend Announcement

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

Institutional Trading of Norwood Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in Norwood Financial by 293.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider's stock valued at $46,000 after buying an additional 1,321 shares during the period. Corebridge Financial Inc. raised its holdings in Norwood Financial by 13.0% during the 1st quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider's stock valued at $99,000 after buying an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Norwood Financial by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider's stock valued at $119,000 after buying an additional 765 shares during the period. Mascagni Wealth Management Inc. purchased a new stake in Norwood Financial during the 4th quarter valued at $137,000. Finally, GAMMA Investing LLC raised its holdings in Norwood Financial by 42,200.0% during the 1st quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider's stock valued at $123,000 after buying an additional 5,064 shares during the period. 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.