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

Norwood Financial (NASDAQ:NWFL) released its quarterly earnings data on Monday. The financial services provider reported $0.38 EPS 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 midday trading on Monday, reaching $26.14. 23,409 shares of the company were exchanged, compared to its average volume of 10,275. The stock’s 50-day simple moving average is $28.22 and its 200 day simple moving average is $27.92. Norwood Financial has a 1-year low of $23.50 and a 1-year high of $34.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $211.47 million, a price-to-earnings ratio of 16.44 and a beta of 0.62.

Norwood Financial Increases Dividend

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

Insider Transactions at Norwood Financial

In other news, Director Ronald R. Schmalzle purchased 7,692 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $199,992.00. Following the completion of the purchase, the director now directly owns 15,510 shares in the company, valued at $403,260. The trade was a 98.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Piper Sandler began coverage on Norwood Financial in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 price target for the company. Janney Montgomery Scott assumed coverage on Norwood Financial in a research note on Thursday, January 2nd. They set a “buy” rating and a $31.00 target price for the company.

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.