Norwood Financial (NASDAQ:NWFL) Posts Earnings Results, Misses Expectations By $0.17 EPS

Norwood Financial (NASDAQ:NWFL) announced its quarterly earnings data on Monday. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate 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 Stock Up 0.5 %

NWFL stock traded up $0.13 during trading on Monday, reaching $26.14. The stock had a trading volume of 23,394 shares, compared to its average volume of 10,275. The company’s 50 day moving average is $28.22 and its two-hundred day moving average is $27.92. The company has a market capitalization of $211.47 million, a price-to-earnings ratio of 16.44 and a beta of 0.62. Norwood Financial has a one year low of $23.50 and a one year high of $34.50. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74.

Norwood Financial Increases Dividend

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

Insider Activity at Norwood Financial

In other news, Director Ronald R. Schmalzle acquired 7,692 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average cost of $26.00 per share, with a total value of $199,992.00. Following the transaction, the director now owns 15,510 shares in the company, valued at $403,260. The trade was a 98.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 9.10% of the stock is owned by company insiders.

Analyst Ratings Changes

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