Norwood Financial (NASDAQ:NWFL) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Norwood Financial Corp. shares fell below their 200-day moving average, trading as low as $23.71, with current trading at $24.08.
• The company reported earnings of $0.67 per share for the last quarter, exceeding expectations, and announced a quarterly dividend yielding 5.1%.
• Institutional investors hold 28.08% of Norwood Financial's stock, with notable increases from firms like GAMMA Investing LLC and Bank of America Corp DE.

Shares of Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.19 and traded as low as $23.71. Norwood Financial shares last traded at $24.08, with a volume of 36,765 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Stephens reiterated an "equal weight" rating and issued a $26.50 price objective on shares of Norwood Financial in a research report on Tuesday, July 8th. Wall Street Zen lowered Norwood Financial from a "buy" rating to a "hold" rating in a research note on Saturday.

Norwood Financial Stock Performance

The stock's 50-day simple moving average is $25.38 and its 200 day simple moving average is $25.19. The company has a market capitalization of $222.98 million, a PE ratio of 100.34 and a beta of 0.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.91 and a current ratio of 0.91.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $21.20 million during the quarter, compared to analysts' expectations of $21.16 million. Norwood Financial had a return on equity of 9.02% and a net margin of 2.92%. As a group, research analysts expect that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Tuesday, July 15th. Norwood Financial's payout ratio is presently 516.67%.

Institutional Investors Weigh In On Norwood Financial

Several hedge funds have recently made changes to their positions in NWFL. GAMMA Investing LLC increased its position 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 worth $123,000 after purchasing an additional 5,064 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Norwood Financial by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock valued at $2,905,000 after buying an additional 3,017 shares in the last quarter. Bank of America Corp DE grew its holdings in Norwood Financial by 48.9% during the fourth quarter. Bank of America Corp DE now owns 9,086 shares of the financial services provider's stock worth $247,000 after acquiring an additional 2,985 shares during the period. Deutsche Bank AG purchased a new position in Norwood Financial in the fourth quarter worth $232,000. Finally, Northern Trust Corp lifted its holdings in Norwood Financial by 7.6% in the fourth quarter. Northern Trust Corp now owns 66,149 shares of the financial services provider's stock valued at $1,800,000 after acquiring an additional 4,652 shares during the period. Institutional investors and hedge funds own 28.08% of the company's stock.

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.

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