Norwood Financial (NASDAQ:NWFL) Releases Earnings Results, Beats Estimates By $0.04 EPS

Norwood Financial (NASDAQ:NWFL) announced its earnings results on Thursday. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04, Zacks reports. Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%.

Norwood Financial Stock Up 0.1 %

NWFL traded up $0.03 on Thursday, reaching $22.48. 53,296 shares of the company traded hands, compared to its average volume of 13,163. Norwood Financial has a 52-week low of $21.25 and a 52-week high of $34.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $208.23 million, a price-to-earnings ratio of 2,248.00 and a beta of 0.54. The stock’s 50 day moving average price is $24.50 and its 200-day moving average price is $26.96.

Norwood Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend is Tuesday, April 15th. Norwood Financial’s dividend payout ratio is currently 12,400.00%.

Insider Buying and Selling at Norwood Financial

In other news, Director Ronald R. Schmalzle purchased 2,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was bought at an average cost of $26.00 per share, with a total value of $52,000.00. Following the purchase, the director now directly owns 17,621 shares of the company’s stock, valued at approximately $458,146. This trade represents a 12.80 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 9.10% of the company’s stock.

Analyst Ratings Changes

NWFL has been the topic of several recent analyst reports. Janney Montgomery Scott began coverage on Norwood Financial in a report on Thursday, January 2nd. They set a “buy” rating and a $31.00 price objective on the stock. StockNews.com lowered shares of Norwood Financial from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Stephens raised shares of Norwood Financial to a “hold” rating in a research note on Monday. Finally, Piper Sandler started coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They set a “neutral” rating and a $28.00 target price on the 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.