Norwood Financial Corp. (NASDAQ:NWFL) announced its earnings results on Wednesday. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Norwood Financial Corp. had a net margin of 18.66% and a return on equity of 7.12%. The company had revenue of $10.31 million during the quarter.
Norwood Financial Corp. (NWFL) opened at 42.75 on Friday. The stock has a market capitalization of $177.11 million, a price-to-earnings ratio of 23.72 and a beta of 0.12. The company has a 50-day moving average of $41.13 and a 200 day moving average of $38.57. Norwood Financial Corp. has a 12 month low of $27.65 and a 12 month high of $44.00.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, July 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.28 annualized dividend and a yield of 2.99%. Norwood Financial Corp.’s dividend payout ratio (DPR) is presently 66.32%.
Separately, ValuEngine upgraded shares of Norwood Financial Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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In other Norwood Financial Corp. news, insider William S. Lance sold 1,650 shares of Norwood Financial Corp. stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $42.00, for a total value of $69,300.00. Following the sale, the insider now directly owns 3,200 shares in the company, valued at approximately $134,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph W. Adams purchased 700 shares of Norwood Financial Corp. stock in a transaction on Monday, May 15th. The stock was bought at an average price of $38.78 per share, for a total transaction of $27,146.00. Following the completion of the acquisition, the director now owns 22,182 shares in the company, valued at approximately $860,217.96. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,588 shares of company stock worth $62,349 and sold 5,500 shares worth $222,090. Insiders own 6.40% of the company’s stock.
Norwood Financial Corp. Company Profile
Norwood Financial Corp. is a bank holding company. The Company operates through its subsidiary, Wayne Bank (the Bank). The Bank is a chartered bank and trust company. The Bank is an independent community bank that operates over five offices in the Wayne County, approximately three offices in Pike County, four offices in Monroe County and over three offices in Lackawanna County.
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