Norwood Financial Corp. (NASDAQ:NWFL – Get Free Report)’s share price crossed 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.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Norwood Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 20th.
Read Our Latest Research Report on Norwood Financial
Norwood Financial Trading Up 1.6 %
Norwood Financial (NASDAQ:NWFL – Get Free Report) last released its quarterly earnings results on Monday, April 22nd. The financial services provider reported $0.55 EPS for the quarter. The company had revenue of $16.72 million for the quarter. Norwood Financial had a net margin of 14.14% and a return on equity of 8.80%.
Norwood Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors 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 dividend payout ratio is presently 62.83%.
Institutional Trading of Norwood Financial
Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position in shares of Norwood Financial by 58.8% in the first quarter. BNP Paribas Financial Markets now owns 3,402 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 1,260 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Norwood Financial in the fourth quarter valued at about $130,000. John G Ullman & Associates Inc. acquired a new stake in shares of Norwood Financial in the fourth quarter valued at about $230,000. Cedar Brook Financial Partners LLC acquired a new stake in shares of Norwood Financial in the fourth quarter valued at about $239,000. Finally, Eagle Wealth Strategies LLC acquired a new stake in shares of Norwood Financial in the fourth quarter valued at about $774,000. Institutional investors and hedge funds own 28.08% of the company’s stock.
Norwood Financial Company Profile
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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