Norwood Financial (NASDAQ:NWFL) Announces Earnings Results, Beats Expectations By $0.14 EPS

Norwood Financial (NASDAQ:NWFL) announced its earnings results on Tuesday. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.14, FiscalAI reports. The firm had revenue of $3.27 million for the quarter, compared to analyst estimates of $30.00 million. Norwood Financial had a net margin of 18.68% and a return on equity of 12.88%.

Norwood Financial Stock Up 0.3%

NWFL opened at $34.88 on Tuesday. The firm has a 50 day moving average price of $34.07 and a 200 day moving average price of $31.46. The company has a market cap of $380.19 million, a PE ratio of 12.03 and a beta of 0.56. Norwood Financial has a 1 year low of $25.50 and a 1 year high of $35.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91.

Norwood Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.7%. Norwood Financial’s payout ratio is presently 44.14%.

Insider Buying and Selling

In other Norwood Financial news, EVP Vincent O’bell sold 3,000 shares of Norwood Financial stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $34.52, for a total transaction of $103,560.00. Following the transaction, the executive vice president directly owned 4,392 shares of the company’s stock, valued at $151,611.84. The trade was a 40.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

NWFL has been the subject of several analyst reports. Stephens reiterated a “mixed” rating and issued a $35.00 target price (up from $34.00) on shares of Norwood Financial in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Norwood Financial in a report on Thursday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Norwood Financial Company Profile

Norwood Financial Corp. is the bank holding company for Wayne Bank, a community banking institution headquartered in Honesdale, Pennsylvania. Through Wayne Bank, the company provides banking and financial services to individuals, families, businesses, and nonprofit organizations.

Wayne Bank offers deposit products, including checking, savings, money market, and certificate of deposit accounts, along with consumer, residential mortgage, commercial, and real estate lending. Its services also include online and mobile banking, cash management, debit cards, and other electronic banking solutions.

Founded in 1870, Wayne Bank serves communities in northeastern Pennsylvania and the Catskill and Hudson Valley regions of New York through its branch network and digital channels.