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

Key Points

• NWFL shares rose above their 50-day moving average, trading near $33.90–$34.00, while the 200-day average stood at $31.68. Analysts maintain a “Moderate Buy” consensus with an average price target of $35.00.
• Norwood Financial reported quarterly EPS of $0.86, slightly below the $0.87 estimate, but revenue of $29.37 million exceeded expectations. The company declared a quarterly dividend of $0.32, equivalent to a 3.8% annualized yield.
• Insider activity was mixed: an executive sold 3,000 shares, while a director purchased 3,100 shares. Institutional investors and hedge funds own approximately 28.08% of the company.

Shares of Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $33.98 and traded as high as $34.00. Norwood Financial shares last traded at $33.90, with a volume of 53,716 shares.

Analyst Upgrades and Downgrades

NWFL has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Norwood Financial in a report on Friday, July 24th. Stephens reissued a "mixed" rating and set a $35.00 price target (up from $34.00) on shares of Norwood Financial in a research note on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Norwood Financial Stock Up 0.4%

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The firm's 50-day moving average price is $33.98 and its 200 day moving average price is $31.68. The firm has a market capitalization of $369.51 million, a price-to-earnings ratio of 11.69 and a beta of 0.54.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). The company had revenue of $29.37 million for the quarter, compared to analyst estimates of $28.10 million. Norwood Financial had a return on equity of 12.88% and a net margin of 18.68%. Sell-side analysts expect that Norwood Financial Corp. will post 3.48 EPS for the current year.

Norwood Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, October 15th. Norwood Financial's payout ratio is 44.14%.

Insider Buying and Selling at Norwood Financial

In related news, EVP Vincent O'bell sold 3,000 shares of the business's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $34.52, for a total value of $103,560.00. Following the completion of the transaction, the executive vice president owned 4,392 shares of the company's stock, valued at approximately $151,611.84. The trade was a 40.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Shook bought 3,100 shares of Norwood Financial stock in a transaction on Tuesday, July 28th. The stock was purchased at an average price of $34.55 per share, for a total transaction of $107,105.00. Following the completion of the acquisition, the director owned 12,586 shares in the company, valued at $434,846.30. This represents a 32.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Norwood Financial

A number of institutional investors have recently modified their holdings of the company. Legal & General Group Plc purchased a new position in shares of Norwood Financial during the second quarter valued at approximately $33,000. SG Americas Securities LLC purchased a new stake in Norwood Financial in the 1st quarter worth approximately $101,000. De Lisle Partners LLP acquired a new position in Norwood Financial in the 2nd quarter valued at $286,000. Walleye Capital LLC acquired a new position in Norwood Financial in the 2nd quarter valued at $323,000. Finally, Deutsche Bank AG purchased a new position in shares of Norwood Financial during the 2nd quarter worth $323,000. Institutional investors and hedge funds own 28.08% of the company's stock.

About Norwood Financial

Norwood Financial Corporation is a bank holding company headquartered in Honesdale, Pennsylvania. Through its subsidiary, Wayne Bank, the company provides community banking services to individuals, families, businesses and organizations.

Wayne Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, consumer loans, home equity financing and loans to small and mid-sized businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.