Norwood Financial (NASDAQ:NWFL) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Norwood Financial (NASDAQ:NWFL - Get Free Report) posted its earnings results on Thursday. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04, Zacks reports. The company had revenue of $20.20 million during the quarter, compared to analyst estimates of $20.60 million. Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%.

Norwood Financial Stock Up 2.5 %

Shares of Norwood Financial stock traded up $0.56 during midday trading on Friday, reaching $23.01. 98,299 shares of the company's stock traded hands, compared to its average volume of 13,416. The company has a market cap of $213.14 million, a price-to-earnings ratio of 2,301.00 and a beta of 0.54. Norwood Financial has a 52 week low of $21.25 and a 52 week high of $34.50. The company's 50 day simple moving average is $24.38 and its 200 day simple moving average is $26.91. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Tuesday, April 15th. Norwood Financial's payout ratio is presently 1,377.78%.

Insiders Place Their Bets

In related news, Director Ronald R. Schmalzle acquired 2,563 shares of the business's stock in a transaction that occurred on 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 purchase, the director now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.10% of the company's stock.

Wall Street Analyst Weigh In

NWFL has been the subject of a number of research analyst reports. Stephens raised shares of Norwood Financial to a "hold" rating in a research note on Monday, April 14th. Janney Montgomery Scott initiated coverage on Norwood Financial in a research report on Thursday, January 2nd. They issued a "buy" rating and a $31.00 price target for the company. Piper Sandler assumed coverage on shares of Norwood Financial in a research report on Wednesday, January 8th. They set a "neutral" rating and a $28.00 price objective on the stock. Finally, StockNews.com raised Norwood Financial from a "sell" rating to a "hold" rating in a research note on Friday.

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.