Norwood Financial (NASDAQ:NWFL) Releases Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Norwood Financial (NASDAQ:NWFL) issued its quarterly earnings results on Monday. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17), Zacks reports. Norwood Financial had a return on equity of 6.94% and a net margin of 10.90%.

Norwood Financial Trading Up 0.5 %

Shares of Norwood Financial stock opened at $26.14 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. Norwood Financial has a fifty-two week low of $23.50 and a fifty-two week high of $34.50. The firm has a 50-day simple moving average of $28.13 and a two-hundred day simple moving average of $27.92. The company has a market cap of $211.47 million, a P/E ratio of 16.44 and a beta of 0.62.

Norwood Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.31 per share. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, January 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.74%. Norwood Financial’s dividend payout ratio (DPR) is presently 77.99%.

Insider Activity

In other Norwood Financial news, Director Ronald R. Schmalzle bought 7,692 shares of the stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $26.00 per share, with a total value of $199,992.00. Following the purchase, the director now directly owns 15,510 shares in the company, valued at $403,260. This trade represents a 98.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.10% of the company’s stock.

Analyst Upgrades and Downgrades

NWFL has been the topic of a number of recent analyst reports. Janney Montgomery Scott assumed coverage on Norwood Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $31.00 target price on the stock. Piper Sandler initiated coverage on shares of Norwood Financial in a research report on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price objective for the company.

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.