Norwood Financial (NASDAQ:NWFL) Stock Price Down 1% – Should You Sell?

Norwood Financial Corp. (NASDAQ:NWFL) traded down 1% during trading on Thursday . The company traded as low as $29.96 and last traded at $30.20. 17,138 shares traded hands during mid-day trading, an increase of 67% from the average session volume of 10,290 shares. The stock had previously closed at $30.50.

Norwood Financial Stock Performance

The firm has a market cap of $246.40 million, a price-to-earnings ratio of 19.15 and a beta of 0.61. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average of $29.70 and a 200 day moving average of $27.48.

Norwood Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.94%. The ex-dividend date was Friday, October 18th. Norwood Financial’s payout ratio is 75.47%.

Institutional Investors Weigh In On Norwood Financial

Several hedge funds have recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in Norwood Financial by 258.7% during the 2nd quarter. Cetera Investment Advisers now owns 84,919 shares of the financial services provider’s stock worth $2,155,000 after acquiring an additional 61,247 shares during the last quarter. Code Waechter LLC acquired a new position in Norwood Financial during the 3rd quarter worth about $815,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of Norwood Financial in the 3rd quarter valued at about $200,000. Bank of New York Mellon Corp increased its stake in shares of Norwood Financial by 9.1% in the second quarter. Bank of New York Mellon Corp now owns 30,657 shares of the financial services provider’s stock valued at $778,000 after buying an additional 2,563 shares during the period. Finally, Barclays PLC raised its position in shares of Norwood Financial by 280.5% during the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 7,215 shares during the last quarter. 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.