Norwood Financial (NASDAQ:NWFL) Announces Quarterly Earnings Results

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

Norwood Financial Trading Up 0.3%

Shares of NWFL stock opened at $34.88 on Tuesday. Norwood Financial has a 12-month low of $25.50 and a 12-month high of $35.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $34.07 and its 200 day moving average is $31.46. The stock has a market capitalization of $380.19 million, a P/E ratio of 12.03 and a beta of 0.56.

Norwood Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NWFL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Norwood Financial in a research report on Thursday. Stephens reaffirmed a “mixed” rating and issued a $35.00 price objective (up from $34.00) on shares of Norwood Financial in a research report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.00.

Insiders Place Their Bets

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

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.