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

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $25.71 and traded as high as $26.47. Norwood Financial shares last traded at $26.19, with a volume of 31,010 shares trading hands.

Wall Street Analyst Weigh In

NWFL has been the topic of several research analyst reports. Stephens restated an "equal weight" rating and set a $25.50 target price on shares of Norwood Financial in a research report on Monday, April 21st. Wall Street Zen upgraded Norwood Financial from a "sell" rating to a "hold" rating in a report on Saturday, May 10th.

Norwood Financial Stock Down 1.5%

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.54. The stock's 50-day moving average price is $25.71 and its 200-day moving average price is $25.49. The company has a market cap of $238.82 million, a P/E ratio of 286.56 and a beta of 0.68.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. Norwood Financial had a return on equity of 8.35% and a net margin of 1.12%. The company had revenue of $20.20 million for the quarter, compared to analysts' expectations of $20.60 million. As a group, research analysts forecast that Norwood Financial Corp. will post 2.51 EPS for the current year.

Norwood Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Tuesday, July 15th. Norwood Financial's payout ratio is currently 1,377.78%.

Institutional Trading of Norwood Financial

A number of institutional investors and hedge funds have recently modified their holdings of NWFL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Norwood Financial by 18.5% in 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 purchasing an additional 765 shares during the period. Corebridge Financial Inc. grew its position in Norwood Financial by 13.0% during the first 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. Wellington Management Group LLP increased its holdings in Norwood Financial by 2.1% during the first quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider's stock worth $15,248,000 after buying an additional 12,815 shares during the last quarter. Nuveen LLC bought a new stake in Norwood Financial in the first quarter worth about $319,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Norwood Financial by 12.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider's stock valued at $560,000 after acquiring an additional 2,628 shares during the last quarter. 28.08% of the stock is owned by hedge funds and other 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.