Norwood Financial Corp. (NASDAQ:NWFL) Declares Quarterly Dividend of $0.31

Norwood Financial Corp. (NASDAQ:NWFL) declared a quarterly dividend on Monday, March 31st, RTT News reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.31 per share by the financial services provider on Thursday, May 1st. This represents a $1.24 annualized dividend and a dividend yield of 5.13%.

Norwood Financial has raised its dividend payment by an average of 4.5% annually over the last three years. Norwood Financial has a dividend payout ratio of 45.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Norwood Financial to earn $2.74 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 45.3%.

Norwood Financial Trading Up 0.2 %

NASDAQ:NWFL opened at $24.17 on Tuesday. The firm has a market capitalization of $223.89 million, a P/E ratio of 2,417.00 and a beta of 0.59. The business has a 50 day simple moving average of $25.51 and a 200 day simple moving average of $27.49. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. Norwood Financial has a 12-month low of $23.50 and a 12-month high of $34.50.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. Equities research analysts predict that Norwood Financial will post 2.51 EPS for the current year.

Analyst Ratings Changes

NWFL has been the subject of several recent analyst reports. Janney Montgomery Scott assumed coverage on shares of Norwood Financial in a research report on Thursday, January 2nd. They issued a “buy” rating and a $31.00 target price for the company. StockNews.com cut Norwood Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Finally, Piper Sandler started coverage on Norwood Financial in a research report on Wednesday, January 8th. They set a “neutral” rating and a $28.00 price target for the company.

Insider Activity at Norwood Financial

In other news, Director Ronald R. Schmalzle bought 2,563 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $26.43 per share, with a total value of $67,740.09. Following the purchase, the director now directly owns 15,168 shares in the company, valued at $400,890.24. This trade represents a 20.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 9.10% of the company’s stock.

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.