Norwood Financial (NASDAQ:NWFL) Stock Price Passes Below 200 Day Moving Average of $27.00

Norwood Financial Corp. (NASDAQ:NWFL)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.00 and traded as low as $24.69. Norwood Financial shares last traded at $24.98, with a volume of 9,352 shares traded.

Analyst Upgrades and Downgrades

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

Norwood Financial Trading Up 1.6 %

The firm has a market cap of $205.58 million, a P/E ratio of 13.29 and a beta of 0.67. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50 day moving average of $24.78 and a 200 day moving average of $26.97.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Monday, April 22nd. The financial services provider reported $0.55 EPS for the quarter. The business had revenue of $16.72 million for the quarter. Norwood Financial had a return on equity of 8.80% and a net margin of 14.14%.

Norwood Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.20 annualized dividend and a yield of 4.73%. Norwood Financial’s payout ratio is 62.83%.

Institutional Trading of Norwood Financial

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted 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 valued at $93,000 after buying an additional 1,260 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Norwood Financial during the fourth quarter worth about $130,000. John G Ullman & Associates Inc. purchased a new stake in shares of Norwood Financial during the fourth quarter worth about $230,000. Cedar Brook Financial Partners LLC purchased a new stake in shares of Norwood Financial during the fourth quarter worth about $239,000. Finally, Eagle Wealth Strategies LLC purchased a new stake in Norwood Financial in the fourth quarter worth about $774,000. 28.08% of the stock is currently owned by hedge funds and other 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.