Norwood Financial (NWFL) Expected to Announce Quarterly Earnings on Monday

Norwood Financial (NASDAQ:NWFL) will likely be issuing its quarterly earnings data before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of $0.55 per share for the quarter.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Monday, October 28th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter. The company 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 Price Performance

Shares of NWFL opened at $26.01 on Monday. The business’s 50-day moving average is $28.22 and its two-hundred day moving average is $27.92. The company has a market capitalization of $210.42 million, a P/E ratio of 16.36 and a beta of 0.62. Norwood Financial has a fifty-two week low of $23.50 and a fifty-two 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.

Norwood Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.77%. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, January 15th. Norwood Financial’s dividend payout ratio (DPR) is 77.99%.

Insider Activity

In other Norwood Financial news, Director Ronald R. Schmalzle bought 7,692 shares of Norwood Financial stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $26.00 per share, with a total value of $199,992.00. Following the purchase, the director now directly owns 15,510 shares in the company, valued at $403,260. This represents a 98.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 9.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NWFL. Janney Montgomery Scott started coverage on Norwood Financial in a report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 price target for the company. Piper Sandler started coverage on shares of Norwood Financial in a research note on Wednesday, January 8th. They issued a “neutral” rating and a $28.00 target price for the company.

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.