Norwood Financial (NWFL) to Release Quarterly Earnings on Monday

Norwood Financial (NASDAQ:NWFL) is anticipated to release its earnings data before the market opens on Monday, February 3rd. Analysts expect Norwood Financial to post earnings of $0.55 per share for the quarter.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Monday, October 28th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $30.78 million during the quarter. Norwood Financial had a net margin of 10.90% and a return on equity of 6.94%. On average, analysts expect Norwood Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Norwood Financial Stock Performance

NASDAQ:NWFL opened at $26.01 on Monday. The company has a market cap of $210.42 million, a P/E ratio of 16.36 and a beta of 0.62. Norwood Financial has a twelve month low of $23.50 and a twelve month high of $34.50. The company’s 50-day moving average price is $28.22 and its 200-day moving average price is $27.92. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.

Norwood Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.31 dividend. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.77%. Norwood Financial’s dividend payout ratio is presently 77.99%.

Insiders Place Their Bets

In other Norwood Financial news, Director Ronald R. Schmalzle acquired 7,692 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $26.00 per share, for a total transaction of $199,992.00. Following the completion of the acquisition, the director now owns 15,510 shares of the company’s stock, valued at approximately $403,260. The trade was a 98.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NWFL has been the subject of a number of analyst reports. Piper Sandler initiated coverage on Norwood Financial in a research report 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 price objective on the stock.

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.