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

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) passed 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NWFL shares. Stephens reissued an "equal weight" rating and set a $25.50 price target 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 research report on Saturday, May 10th.

Norwood Financial Price Performance

The company's 50-day moving average is $25.48 and its 200-day moving average is $25.65. The firm has a market cap of $229.74 million, a price-to-earnings ratio of 275.67 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.54.

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 for the quarter, beating 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 firm had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.60 million. Equities research analysts predict that Norwood Financial Corp. will post 2.51 earnings per share for the current year.

Norwood Financial Announces Dividend

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 paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Tuesday, July 15th. Norwood Financial's payout ratio is 1,377.78%.

Institutional Investors Weigh In On Norwood Financial

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 worth $119,000 after purchasing an additional 765 shares in the last quarter. Corebridge Financial Inc. grew its stake 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 buying an additional 468 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of 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 in the last quarter. Nuveen LLC bought a new position in shares of Norwood Financial in the 1st quarter valued at $319,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Norwood Financial by 12.8% during the 1st 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 in the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.

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.