Norwood Financial (NASDAQ:NWFL) Shares Pass Above 50 Day Moving Average of $34.14

Norwood Financial Co. (NASDAQ:NWFL) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $34.14 and traded as high as $32.65. Norwood Financial shares last traded at $31.92, with a volume of 436 shares traded.

A number of research analysts have commented on NWFL shares. ValuEngine cut Norwood Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Wood & Company restated a “sell” rating on shares of Norwood Financial in a research note on Wednesday, May 15th.

The firm has a 50 day moving average price of $34.13. The company has a market cap of $201.31 million, a P/E ratio of 14.68 and a beta of 0.33. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.38.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.56 EPS for the quarter. The company had revenue of $11.25 million for the quarter. Norwood Financial had a return on equity of 11.26% and a net margin of 26.35%.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, July 15th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Friday, July 12th.

In other news, CEO Lewis J. Critelli sold 3,125 shares of Norwood Financial stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $35.19, for a total transaction of $109,968.75. Following the sale, the chief executive officer now directly owns 21,981 shares of the company’s stock, valued at $773,511.39. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lewis J. Critelli sold 1,056 shares of Norwood Financial stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $35.10, for a total value of $37,065.60. Following the sale, the chief executive officer now directly owns 21,981 shares in the company, valued at $771,533.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,831 shares of company stock worth $203,134. 6.60% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kavar Capital Partners LLC purchased a new stake in Norwood Financial during the 2nd quarter worth about $31,000. Advisor Group Inc. purchased a new stake in Norwood Financial during the 2nd quarter worth about $35,000. Cetera Advisor Networks LLC increased its holdings in Norwood Financial by 22.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 22,417 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 4,081 shares during the period. SG Americas Securities LLC purchased a new stake in Norwood Financial during the 1st quarter worth about $166,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Norwood Financial by 518.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,219 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,022 shares during the period. 17.75% of the stock is currently owned by institutional investors and hedge funds.

Norwood Financial Company Profile (NASDAQ:NWFL)

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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