Norwood Financial Corp. to Issue Quarterly Dividend of $0.31 (NASDAQ:NWFL)

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) announced a quarterly dividend on Tuesday, March 18th, RTT News reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.31 per share by the financial services provider on Thursday, May 1st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date is Tuesday, April 15th.

Norwood Financial has increased its dividend by an average of 4.5% annually over the last three years. Norwood Financial has a payout ratio of 45.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Norwood Financial to earn $2.74 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 45.3%.

Norwood Financial Stock Down 3.0 %

Shares of NASDAQ NWFL traded down $0.68 during trading on Friday, reaching $22.09. The company had a trading volume of 7,476 shares, compared to its average volume of 14,859. Norwood Financial has a 12-month low of $21.31 and a 12-month high of $34.50. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The business's 50-day moving average is $25.37 and its 200 day moving average is $27.41. The stock has a market cap of $204.57 million, a PE ratio of 2,208.50 and a beta of 0.54.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. As a group, equities analysts forecast that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

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Insider Buying and Selling at Norwood Financial

In other news, Director Ronald R. Schmalzle acquired 2,563 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of $26.43 per share, with a total value of $67,740.09. Following the acquisition, the director now directly owns 15,168 shares of the company's stock, valued at approximately $400,890.24. The trade was a 20.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 9.10% of the company's stock.

Analyst Ratings Changes

NWFL has been the subject of a number of recent analyst reports. Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a report on Thursday, January 2nd. They issued a "buy" rating and a $31.00 price objective for the company. StockNews.com cut Norwood Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Finally, Piper Sandler began coverage on Norwood Financial in a research report on Wednesday, January 8th. They set a "neutral" rating and a $28.00 price objective on the stock.

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.