Norwood Financial (NASDAQ:NWFL) Releases Quarterly Earnings Results

Norwood Financial (NASDAQ:NWFL) released its earnings results on Tuesday. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.14, FiscalAI reports. Norwood Financial had a return on equity of 12.88% and a net margin of 18.68%. The business had revenue of $3.27 million for the quarter, compared to analyst estimates of $30.00 million.

Norwood Financial Stock Performance

NWFL opened at $34.88 on Tuesday. The stock has a market cap of $380.19 million, a P/E ratio of 12.03 and a beta of 0.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $34.07 and its 200 day simple moving average is $31.46. Norwood Financial has a 1-year low of $25.50 and a 1-year high of $35.48.

Norwood Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.7%. Norwood Financial’s payout ratio is 44.14%.

Insiders Place Their Bets

In related news, EVP Vincent O’bell sold 3,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $34.52, for a total value of $103,560.00. Following the sale, the executive vice president directly owned 4,392 shares of the company’s stock, valued at approximately $151,611.84. This represents a 40.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NWFL shares. Stephens restated a “mixed” rating and set a $35.00 price objective (up from $34.00) on shares of Norwood Financial in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Norwood Financial in a research note on Thursday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Norwood Financial currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

About Norwood Financial

Norwood Financial Corp. is the bank holding company for Wayne Bank, a community banking institution headquartered in Honesdale, Pennsylvania. Through Wayne Bank, the company provides banking and financial services to individuals, families, businesses, and nonprofit organizations.

Wayne Bank offers deposit products, including checking, savings, money market, and certificate of deposit accounts, along with consumer, residential mortgage, commercial, and real estate lending. Its services also include online and mobile banking, cash management, debit cards, and other electronic banking solutions.

Founded in 1870, Wayne Bank serves communities in northeastern Pennsylvania and the Catskill and Hudson Valley regions of New York through its branch network and digital channels.