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

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) announced a quarterly dividend on Friday, June 20th, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be given a dividend of 0.31 per share by the financial services provider on Friday, August 1st. This represents a $1.24 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Tuesday, July 15th.

Norwood Financial has a payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NASDAQ:NWFL traded up $0.01 during mid-day trading on Monday, hitting $25.41. 18,213 shares of the company's stock traded hands, compared to its average volume of 15,127. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $235.30 million, a PE ratio of 282.33 and a beta of 0.69. The firm's 50 day simple moving average is $25.42 and its 200 day simple moving average is $25.65. Norwood Financial has a 1 year low of $21.25 and a 1 year high of $34.50.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. Norwood Financial had a net margin of 1.12% and a return on equity of 8.35%. The business had revenue of $20.20 million during the quarter, compared to analysts' expectations of $20.60 million. Sell-side analysts expect that Norwood Financial will post 2.51 EPS for the current year.

Institutional Trading of Norwood Financial

An institutional investor recently raised its position in Norwood Financial stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Norwood Financial Corp. (NASDAQ:NWFL - Free Report) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,909 shares of the financial services provider's stock after buying an additional 765 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Norwood Financial worth $119,000 at the end of the most recent reporting period. Institutional investors own 28.08% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on NWFL shares. Wall Street Zen raised Norwood Financial from a "sell" rating to a "hold" rating in a research report on Saturday, May 10th. Stephens reiterated an "equal weight" rating and set a $25.50 price objective on shares of Norwood Financial in a research report on Monday, April 21st.

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.