Norwood Financial Corp. (NASDAQ:NWFL) posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.65 earnings per share for the quarter, Bloomberg Earnings reports. Norwood Financial Corp. had a return on equity of 7.12% and a net margin of 18.66%. The company had revenue of $10.31 million for the quarter.
Shares of Norwood Financial Corp. (NASDAQ:NWFL) opened at 42.49 on Tuesday. The company has a market capitalization of $175.36 million, a price-to-earnings ratio of 21.78 and a beta of 0.13. The company’s 50-day moving average price is $42.15 and its 200-day moving average price is $39.26. Norwood Financial Corp. has a one year low of $27.65 and a one year high of $44.37.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th were issued a $0.32 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.01%. Norwood Financial Corp.’s dividend payout ratio is presently 66.32%.
In other news, Director Joseph W. Adams acquired 700 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $38.78 per share, with a total value of $27,146.00. Following the completion of the transaction, the director now directly owns 22,182 shares in the company, valued at approximately $860,217.96. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John H. Sanders sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $43.15, for a total transaction of $94,930.00. Following the completion of the transaction, the insider now directly owns 550 shares of the company’s stock, valued at approximately $23,732.50. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,550 shares of company stock valued at $61,578 and have sold 7,700 shares valued at $317,020. Insiders own 6.40% of the company’s stock.
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Separately, ValuEngine upgraded Norwood Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
About Norwood Financial Corp.
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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