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

Norwood Financial Corp. (NASDAQ:NWFL – Get Free Report) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Thursday, October 15th will be given a dividend of 0.32 per share by the financial services provider on Monday, November 2nd. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, October 15th.

Norwood Financial has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 7 years. Norwood Financial has a dividend payout ratio of 44.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Norwood Financial to earn $3.80 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 33.7%.

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Norwood Financial Trading Up 0.9%

NWFL opened at $35.16 on Friday. The firm’s fifty day moving average is $33.60 and its two-hundred day moving average is $31.44. The firm has a market cap of $383.31 million, a PE ratio of 12.12 and a beta of 0.54. Norwood Financial has a twelve month low of $23.82 and a twelve month high of $35.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91.

Norwood Financial (NASDAQ:NWFL – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). The firm had revenue of $29.37 million during the quarter, compared to analyst estimates of $28.10 million. Norwood Financial had a net margin of 18.68% and a return on equity of 12.88%. Equities research analysts anticipate that Norwood Financial will post 3.47 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on NWFL. Weiss Ratings restated a “buy (b)” rating on shares of Norwood Financial in a report on Friday, July 24th. Stephens reiterated a “mixed” rating and set a $35.00 price objective (up from $34.00) on shares of Norwood Financial in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Read Our Latest Research Report on NWFL

About Norwood Financial

(Get Free Report)

Norwood Financial Corporation is a bank holding company headquartered in Honesdale, Pennsylvania. Through its subsidiary, Wayne Bank, the company provides community banking services to individuals, families, businesses and organizations.

Wayne Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, consumer loans, home equity financing and loans to small and mid-sized businesses.

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