Norwood Financial Corp. (NWFL) Scheduled to Post Earnings on Tuesday
Norwood Financial Corp. (NASDAQ:NWFL) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter. The business had revenue of $10.31 million for the quarter. Norwood Financial Corp. had a net margin of 18.66% and a return on equity of 7.07%. On average, analysts expect Norwood Financial Corp. to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Norwood Financial Corp. (NASDAQ NWFL) opened at 28.32 on Tuesday. The stock has a market capitalization of $176.09 million, a P/E ratio of 21.78 and a beta of 0.12. Norwood Financial Corp. has a 1-year low of $19.00 and a 1-year high of $33.74. The stock has a 50 day moving average of $29.24 and a 200-day moving average of $27.69.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 13th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.11%. This is a boost from Norwood Financial Corp.’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, October 12th. Norwood Financial Corp.’s payout ratio is 68.39%.
In other Norwood Financial Corp. news, insider John H. Sanders sold 2,200 shares of Norwood Financial Corp. 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 transaction, the insider now directly owns 550 shares of the company’s stock, valued at $23,732.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kevin M. Lamont purchased 825 shares of Norwood Financial Corp. stock in a transaction on Wednesday, August 9th. The shares were acquired at an average cost of $41.17 per share, for a total transaction of $33,965.25. Following the completion of the transaction, the director now owns 85,272 shares of the company’s stock, valued at $3,510,648.24. The disclosure for this purchase can be found here. Insiders own 6.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in NWFL. California State Teachers Retirement System acquired a new position in Norwood Financial Corp. during the second quarter valued at approximately $287,000. Vanguard Group Inc. lifted its position in Norwood Financial Corp. by 42.4% during the second quarter. Vanguard Group Inc. now owns 25,878 shares of the financial services provider’s stock valued at $1,093,000 after buying an additional 7,707 shares in the last quarter. Finally, State Street Corp acquired a new position in Norwood Financial Corp. during the second quarter valued at approximately $1,683,000. 7.62% of the stock is currently owned by hedge funds and other institutional investors.
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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