Norwood Financial (NASDAQ:NWFL) Shares Pass Above 50 Day Moving Average - What's Next?

Shares of Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $25.42 and traded as high as $25.70. Norwood Financial shares last traded at $25.41, with a volume of 18,213 shares.

Analyst Ratings Changes

Several equities research analysts have issued reports on NWFL shares. Wall Street Zen raised shares of Norwood Financial from a "sell" rating to a "hold" rating in a report on Saturday, May 10th. Stephens restated an "equal weight" rating and issued a $25.50 target price on shares of Norwood Financial in a research note on Monday, April 21st.

Norwood Financial Stock Performance

The stock's 50 day moving average is $25.59 and its two-hundred day moving average is $25.61. The firm has a market capitalization of $239.37 million, a P/E ratio of 287.22 and a beta of 0.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.91.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. Norwood Financial had a net margin of 1.12% and a return on equity of 8.35%. The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.60 million. As a group, equities analysts anticipate that Norwood Financial Corp. will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.31 per share. The ex-dividend date is Tuesday, July 15th. This represents a $1.24 annualized dividend and a yield of 4.80%. Norwood Financial's dividend payout ratio is presently 1,377.78%.

Institutional Investors Weigh In On Norwood Financial

Several large investors have recently modified their holdings of NWFL. Corebridge Financial Inc. increased its position 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 acquiring an additional 468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 buying an additional 765 shares during the last quarter. Emerald Advisers LLC bought a new position in shares of Norwood Financial in the 4th quarter valued at about $122,000. GAMMA Investing LLC increased its position in Norwood Financial by 42,200.0% during the first quarter. GAMMA Investing LLC now owns 5,076 shares of the financial services provider's stock worth $123,000 after buying an additional 5,064 shares during the last quarter. Finally, Mascagni Wealth Management Inc. bought a new stake in Norwood Financial in the 4th quarter valued at $137,000. 28.08% of the stock is currently owned by 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.