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

Norwood Financial (NASDAQ:NWFL) issued its quarterly earnings results on Thursday. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04, Zacks reports. The business had revenue of $20.20 million during the quarter, compared to analysts’ expectations of $20.60 million. Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%.

Norwood Financial Price Performance

Shares of NWFL opened at $23.01 on Friday. The firm has a market cap of $213.14 million, a PE ratio of 2,301.00 and a beta of 0.54. 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 quick ratio of 0.91 and a current ratio of 0.91. The business’s 50 day moving average price is $24.44 and its two-hundred day moving average price is $26.93.

Norwood Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Tuesday, April 15th. Norwood Financial’s dividend payout ratio is presently 12,400.00%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Norwood Financial news, Director Ronald R. Schmalzle bought 2,563 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $26.43 per share, with a total value of $67,740.09. Following the completion of the transaction, the director now directly owns 15,168 shares in the company, valued at approximately $400,890.24. The trade was a 20.33 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 9.10% of the company’s 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.