Norwood Financial (NASDAQ:NWFL) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Norwood Financial Corp. (NASDAQ:NWFL)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $28.62 and traded as high as $31.40. Norwood Financial shares last traded at $30.84, with a volume of 7,364 shares changing hands.

Norwood Financial Stock Performance

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.90 and a current ratio of 0.91. The company has a 50 day moving average price of $28.62 and a 200 day moving average price of $26.70. The company has a market capitalization of $249.50 million, a PE ratio of 19.40 and a beta of 0.61.

Norwood Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Friday, October 18th. Norwood Financial’s dividend payout ratio is currently 75.47%.

Institutional Investors Weigh In On Norwood Financial

A number of institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers increased its holdings in Norwood Financial by 258.7% in the second quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock valued at $2,155,000 after buying an additional 61,247 shares during the last quarter. Code Waechter LLC bought a new stake in Norwood Financial in the 3rd quarter valued at about $815,000. BNP Paribas Financial Markets boosted its position in shares of 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 buying an additional 1,260 shares during the period. Bank of New York Mellon Corp boosted its position in Norwood Financial by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,657 shares of the financial services provider’s stock worth $778,000 after acquiring an additional 2,563 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Norwood Financial by 0.8% in the first quarter. Vanguard Group Inc. now owns 379,847 shares of the financial services provider’s stock worth $10,336,000 after purchasing an additional 2,978 shares during the period. Institutional investors and hedge funds own 28.08% of the company’s stock.

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.