Norwood Financial Corp. (NWFL) To Go Ex-Dividend on July 15th

Norwood Financial Corp. (NASDAQ:NWFL) announced a quarterly dividend on Tuesday, June 16th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.32 per share by the financial services provider on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Norwood Financial has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Norwood Financial has a payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Norwood Financial to earn $3.69 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 34.7%.

Norwood Financial Stock Performance

Shares of NWFL stock opened at $31.08 on Monday. Norwood Financial has a 1-year low of $23.70 and a 1-year high of $32.86. The firm has a market cap of $338.46 million, a PE ratio of 11.47 and a beta of 0.55. The company has a 50-day moving average of $30.74 and a two-hundred day moving average of $29.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). Norwood Financial had a return on equity of 12.43% and a net margin of 17.75%.The business had revenue of $3.12 million for the quarter, compared to analysts’ expectations of $27.50 million. On average, analysts predict that Norwood Financial will post 3.45 EPS for the current year.

Analysts Set New Price Targets

NWFL has been the subject of a number of research reports. Wall Street Zen cut shares of Norwood Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings raised Norwood Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Norwood Financial presently has an average rating of “Hold” and an average price target of $33.00.

Norwood Financial Company Profile

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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.