Norwood Financial (NASDAQ:NWFL) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.01 and traded as low as $25.99. Norwood Financial shares last traded at $26.40, with a volume of 18,370 shares trading hands.

Analyst Upgrades and Downgrades

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

Norwood Financial Trading Down 2.2%

The company's 50 day simple moving average is $24.97 and its 200-day simple moving average is $25.97. The firm has a market cap of $234.83 million, a P/E ratio of 2,536.00 and a beta of 0.69. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.60 million. As a group, research analysts predict that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were issued a $0.31 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.89%. Norwood Financial's dividend payout ratio is presently 1,377.78%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Corebridge Financial Inc. lifted its holdings in shares of Norwood Financial by 13.0% during the first quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider's stock worth $99,000 after purchasing an additional 468 shares during the period. Emerald Advisers LLC purchased a new position in Norwood Financial during the 4th quarter worth approximately $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 acquiring an additional 765 shares during the period. Mascagni Wealth Management Inc. purchased a new stake in shares of Norwood Financial in the 4th quarter valued at $137,000. Finally, GAMMA Investing LLC increased its stake in shares of Norwood Financial by 42,200.0% in the first quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider's stock worth $123,000 after acquiring an additional 5,064 shares during the period. 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.