Norwood Financial (NASDAQ:NWFL) Announces Earnings Results

Norwood Financial (NASDAQ:NWFL) announced its quarterly earnings results on Monday. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17), Zacks reports. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%.

Norwood Financial Trading Up 2.2 %

NWFL opened at $26.50 on Wednesday. The stock has a market capitalization of $214.39 million, a PE ratio of 2,650.00 and a beta of 0.61. The firm’s fifty day moving average price is $27.65 and its 200 day moving average price is $27.86. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. Norwood Financial has a 12-month low of $23.50 and a 12-month high of $34.50.

Norwood Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were issued a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 4.68%. Norwood Financial’s dividend payout ratio is currently 12,400.00%.

Insider Activity at Norwood Financial

In related news, Director Ronald R. Schmalzle purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average cost of $26.00 per share, with a total value of $52,000.00. Following the completion of the acquisition, the director now directly owns 17,621 shares of the company’s stock, valued at approximately $458,146. The trade was a 12.80 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com cut shares of Norwood Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.00 target price on the stock. Finally, Piper Sandler assumed coverage on shares of Norwood Financial in a research report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 target price on the 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.