Norwood Financial (NASDAQ:NWFL - Get Free Report) issued its earnings results on Tuesday. The financial services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03, Zacks reports. Norwood Financial had a net margin of 2.92% and a return on equity of 9.02%. The business had revenue of $21.20 million for the quarter, compared to analyst estimates of $21.16 million.
Norwood Financial Trading Up 1.5%
Shares of NWFL traded up $0.37 on Friday, reaching $24.62. 8,585 shares of the company's stock were exchanged, compared to its average volume of 25,348. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $227.98 million, a P/E ratio of 102.59 and a beta of 0.68. The business has a 50 day moving average price of $25.54 and a two-hundred day moving average price of $25.25. Norwood Financial has a 12 month low of $21.25 and a 12 month high of $34.50.
Norwood Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Tuesday, July 15th. Norwood Financial's dividend payout ratio (DPR) is 516.67%.
Institutional Investors Weigh In On Norwood Financial
A hedge fund recently raised its stake in Norwood Financial stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Norwood Financial Corp. (NASDAQ:NWFL - Free Report) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter. 28.08% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
NWFL has been the topic of a number of recent analyst reports. Stephens restated an "equal weight" rating and issued a $26.50 price target on shares of Norwood Financial in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of Norwood Financial from a "hold" rating to a "buy" rating in a research report on Friday, July 18th.
View Our Latest Report on NWFL
About Norwood Financial
(
Get Free Report)
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.
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