Norwood Financial (NASDAQ:NWFL) Stock Price Passes Below 200 Day Moving Average of $25.69

Norwood Financial Corp. (NASDAQ:NWFL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.69 and traded as low as $25.30. Norwood Financial shares last traded at $26.13, with a volume of 19,543 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Norwood Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th.

Norwood Financial Price Performance

The stock’s 50-day moving average price is $26.37 and its 200-day moving average price is $25.68. The company has a market capitalization of $211.63 million, a price-to-earnings ratio of 13.68 and a beta of 0.63. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.81.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.52 earnings per share for the quarter. Norwood Financial had a net margin of 11.52% and a return on equity of 7.40%. The business had revenue of $17.13 million for the quarter.

Norwood Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, July 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend was Monday, July 15th. Norwood Financial’s payout ratio is presently 62.83%.

Hedge Funds Weigh In On Norwood Financial

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in Norwood Financial by 58.8% during the first quarter. BNP Paribas Financial Markets now owns 3,402 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 1,260 shares in the last quarter. John G Ullman & Associates Inc. boosted its position in Norwood Financial by 233.7% during the first quarter. John G Ullman & Associates Inc. now owns 23,360 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 16,360 shares during the period. Bank of New York Mellon Corp boosted its position in Norwood Financial by 9.1% during the second quarter. Bank of New York Mellon Corp now owns 30,657 shares of the financial services provider’s stock worth $778,000 after purchasing an additional 2,563 shares during the period. Strategic Financial Services Inc boosted its position in Norwood Financial by 34.1% during the fourth quarter. Strategic Financial Services Inc now owns 28,611 shares of the financial services provider’s stock worth $942,000 after purchasing an additional 7,270 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Norwood Financial by 5.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 45,606 shares of the financial services provider’s stock worth $1,241,000 after purchasing an additional 2,546 shares during the period. 28.08% of the stock is 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.