Norwood Financial Corp. (NWFL) Announces Quarterly Earnings Results
Norwood Financial Corp. (NASDAQ:NWFL) released its quarterly earnings results on Tuesday. The financial services provider reported $0.47 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $10.73 million for the quarter. Norwood Financial Corp. had a net margin of 18.66% and a return on equity of 7.07%.
Shares of Norwood Financial Corp. (NWFL) remained flat at $29.07 on Wednesday. The company had a trading volume of 9,061 shares. The firm’s 50 day moving average is $29.17 and its 200 day moving average is $27.79. The company has a market cap of $180.76 million, a price-to-earnings ratio of 22.36 and a beta of 0.12. Norwood Financial Corp. has a one year low of $19.00 and a one year high of $33.74.
The firm also recently announced 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 dividend yield of 3.03%. The ex-dividend date is Thursday, October 12th. This is a positive change from Norwood Financial Corp.’s previous quarterly dividend of $0.21. Norwood Financial Corp.’s dividend payout ratio is presently 68.39%.
In other Norwood Financial Corp. news, Director Kevin M. Lamont purchased 825 shares of the stock in a transaction dated Wednesday, August 9th. The shares were bought at an average price of $41.17 per share, with a total value of $33,965.25. Following the completion of the transaction, the director now directly owns 85,272 shares in the company, valued at approximately $3,510,648.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System bought a new stake in shares of Norwood Financial Corp. in the second quarter valued at approximately $287,000. Vanguard Group Inc. raised its position in shares of Norwood Financial Corp. by 42.4% in the second quarter. Vanguard Group Inc. now owns 25,878 shares of the financial services provider’s stock valued at $1,093,000 after purchasing an additional 7,707 shares during the period. Finally, State Street Corp bought a new stake in shares of Norwood Financial Corp. in the second quarter valued at approximately $1,683,000. 7.65% of the stock is currently owned by institutional investors.
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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