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

Norwood Financial (NASDAQ:NWFL) issued its quarterly earnings data on Monday. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17), Zacks reports. Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%.

Norwood Financial Price Performance

Norwood Financial stock opened at $26.50 on Wednesday. Norwood Financial has a 1 year low of $23.50 and a 1 year high of $34.50. The firm has a 50 day moving average price of $27.65 and a 200 day moving average price of $27.86. The company has a market cap of $214.39 million, a price-to-earnings ratio of 2,650.00 and a beta of 0.61. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 0.91.

Norwood Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, January 15th. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.68%. Norwood Financial’s payout ratio is 12,400.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NWFL shares. Janney Montgomery Scott started coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price objective on the stock. StockNews.com cut shares of Norwood Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler initiated coverage on shares of Norwood Financial in a report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price target for the company.

Insider Activity at Norwood Financial

In related news, Director Ronald R. Schmalzle bought 2,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $52,000.00. Following the completion of the acquisition, the director now owns 17,621 shares in the company, valued at $458,146. This trade represents a 12.80 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.30% of the stock is owned by insiders.

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.