Norwood Financial (NASDAQ:NWFL) Stock Passes Below Two Hundred Day Moving Average of $28.49

Norwood Financial Corp. (NASDAQ:NWFLGet Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.49 and traded as low as $25.99. Norwood Financial shares last traded at $27.00, with a volume of 10,804 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Norwood Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th.

Check Out Our Latest Report on NWFL

Norwood Financial Stock Performance

The firm has a market capitalization of $217.89 million, a price-to-earnings ratio of 13.04 and a beta of 0.64. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average price of $30.40 and a 200 day moving average price of $28.49.

Norwood Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, January 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.44%. This is an increase from Norwood Financial’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, January 11th. Norwood Financial’s dividend payout ratio is 57.97%.

Institutional Investors Weigh In On Norwood Financial

Large investors have recently modified their holdings of the company. Barclays PLC boosted its stake in Norwood Financial by 62.0% in the 2nd quarter. Barclays PLC now owns 1,476 shares of the financial services provider’s stock worth $43,000 after buying an additional 565 shares during the last quarter. UBS Group AG raised its holdings in shares of Norwood Financial by 163.9% during the 1st quarter. UBS Group AG now owns 1,528 shares of the financial services provider’s stock valued at $45,000 after buying an additional 949 shares during the period. BNP Paribas Arbitrage SNC increased its holdings in Norwood Financial by 13,721.4% during the 2nd quarter. BNP Paribas Arbitrage SNC now owns 1,935 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 1,921 shares during the last quarter. California State Teachers Retirement System acquired a new position in shares of Norwood Financial in the 2nd quarter worth approximately $72,000. Finally, Bank of America Corp DE acquired a new position in shares of Norwood Financial in the 4th quarter worth approximately $116,000. 26.45% of the stock is owned by institutional investors and hedge funds.

About Norwood Financial

(Get Free Report)

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.

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