Norwood Financial (NASDAQ:NWFL) Shares Cross Below Two Hundred Day Moving Average of $27.00

Norwood Financial Corp. (NASDAQ:NWFL) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

Norwood Financial Price Performance

The company has a market capitalization of $202.34 million, a PE ratio of 13.08 and a beta of 0.67. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $24.76 and a 200-day simple moving average of $27.00.

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

Institutional Trading of Norwood Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in Norwood Financial by 58.8% during the 1st quarter. BNP Paribas Financial Markets now owns 3,402 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 1,260 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Norwood Financial during the 4th quarter valued at $130,000. John G Ullman & Associates Inc. acquired a new stake in Norwood Financial during the 4th quarter valued at $230,000. Cedar Brook Financial Partners LLC purchased a new position in shares of Norwood Financial during the 4th quarter worth $239,000. Finally, Eagle Wealth Strategies LLC purchased a new position in shares of Norwood Financial during the 4th quarter worth $774,000. 28.08% of the stock is 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.