Norwood Financial (NASDAQ:NWFL) Posts Earnings Results, Hits Expectations

Norwood Financial (NASDAQ:NWFL) released its earnings results on Wednesday. The financial services provider reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86, FiscalAI reports. Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. The business had revenue of $29.37 million for the quarter, compared to the consensus estimate of $28.10 million.

Norwood Financial Stock Performance

Shares of NWFL opened at $30.96 on Wednesday. The company has a 50-day moving average of $30.94 and a two-hundred day moving average of $30.12. The stock has a market cap of $337.19 million, a price-to-earnings ratio of 11.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. Norwood Financial has a one year low of $23.70 and a one year high of $32.86.

Norwood Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, July 15th. Norwood Financial’s dividend payout ratio (DPR) is presently 47.23%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NWFL. Wall Street Zen lowered shares of Norwood Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings raised Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Norwood Financial presently has a consensus rating of “Hold” and a consensus target price of $33.00.

Insider Activity

In other news, CFO John Martin Mccaffery, Jr. purchased 1,000 shares of Norwood Financial stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $29.44 per share, for a total transaction of $29,440.00. Following the transaction, the chief financial officer owned 4,000 shares in the company, valued at $117,760. The trade was a 33.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders have purchased a total of 3,297 shares of company stock worth $97,483 in the last quarter. 8.10% of the stock is owned by insiders.

Institutional Trading of Norwood Financial

Several large investors have recently added to or reduced their stakes in NWFL. Barclays PLC lifted its holdings in shares of Norwood Financial by 12.5% in the fourth quarter. Barclays PLC now owns 13,656 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 1,518 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Norwood Financial by 61.1% during the third quarter. Millennium Management LLC now owns 12,507 shares of the financial services provider’s stock valued at $318,000 after buying an additional 4,742 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Norwood Financial during the fourth quarter valued at $298,000. Stifel Financial Corp raised its position in Norwood Financial by 16.2% during the fourth quarter. Stifel Financial Corp now owns 9,889 shares of the financial services provider’s stock valued at $277,000 after buying an additional 1,381 shares during the period. Finally, Deutsche Bank AG raised its position in Norwood Financial by 161.1% during the fourth quarter. Deutsche Bank AG now owns 9,710 shares of the financial services provider’s stock valued at $272,000 after buying an additional 5,991 shares during the period. 28.08% of the stock is owned by institutional investors and hedge funds.

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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.