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Norwood Financial Corp.NasdaqGM:NWFL Stock Report

Market Cap US$324.8m
Share Price
US$29.98
US$28
7.1% overvalued intrinsic discount
1Y17.9%
7D1.7%
1D
Portfolio Value
​
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Norwood Financial Corp.

NasdaqGM:NWFL Stock Report

Market Cap: US$324.8m

Norwood Financial (NWFL) Stock Overview

Operates as the bank holding company for Wayne Bank that provides various banking products and services in the United States. More details

NWFL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends5/6

Rewards

Price-To-Earnings ratio (12.6x) is below the US market (18.6x)

Earnings are forecast to grow 24.25% per year

Earnings grew by 2079% over the past year

Pays a high and reliable dividend of 4.27%

Risk Analysis

Shareholders have been diluted in the past year


NWFL Community Fair Values

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See what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

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Norwood Financial Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Norwood Financial
Historical stock prices
Current Share PriceUS$29.98
52 Week HighUS$32.23
52 Week LowUS$23.70
Beta0.55
1 Month Change-2.85%
3 Month Change2.88%
1 Year Change17.89%
3 Year Change23.53%
5 Year Change17.99%
Change since IPO592.54%

Recent News & Updates

Seeking Alpha • Jan 26

The Story Of Norwood Financial Is Improving

Summary Norwood Financial Corporation (NWFL) delivered a strong FY 2025 turnaround, with EPS up 45.4% and improved key financial metrics. NWFL trades at a below-average valuation (PE 8.24, TBV multiple 1.21) and offers a 4.6% forward dividend yield, marking eight consecutive years of increases. The PB BancShares acquisition expands assets by 20%, but integration risks remain due to PB's below-average performance metrics and CRE concentration. I maintain a Hold rating on NWFL, awaiting post-merger results, yet acknowledge a more optimistic outlook than in prior quarters. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Jan 26

The Story Of Norwood Financial Is Improving

Summary Norwood Financial Corporation (NWFL) delivered a strong FY 2025 turnaround, with EPS up 45.4% and improved key financial metrics. NWFL trades at a below-average valuation (PE 8.24, TBV multiple 1.21) and offers a 4.6% forward dividend yield, marking eight consecutive years of increases. The PB BancShares acquisition expands assets by 20%, but integration risks remain due to PB's below-average performance metrics and CRE concentration. I maintain a Hold rating on NWFL, awaiting post-merger results, yet acknowledge a more optimistic outlook than in prior quarters. Read the full article on Seeking Alpha
Analysis Article • Jan 06

Norwood Financial (NASDAQ:NWFL) Is Increasing Its Dividend To $0.32

Norwood Financial Corp. ( NASDAQ:NWFL ) has announced that it will be increasing its dividend from last year's...
Analysis Article • Dec 20

Norwood Financial (NASDAQ:NWFL) Is Paying Out A Larger Dividend Than Last Year

Norwood Financial Corp. ( NASDAQ:NWFL ) will increase its dividend from last year's comparable payment on the 2nd of...
Seeking Alpha • Aug 27

Norwood Financial: Still On The Sidelines Despite A Solid Loan Book

Summary Norwood Financial's net interest income decreased by over 4% YoY due to a $5.1M rise in interest expenses, impacting overall profitability. The bank's loan book, especially the $1.62B in real estate loans, remains a focal point, with a significant portion in commercial real estate. Despite a rise in non-accruing loans in the CRE segment, the overall quality of the loan book appears manageable, with a decrease in total past due and non-accruing loans. At a P/E ratio of 13-14 and a 50% premium to tangible book value, Norwood Financial remains a 'hold' until stronger performance is evident. Read the full article on Seeking Alpha
Analysis Article • Sep 22

Norwood Financial (NASDAQ:NWFL) Will Pay A Dividend Of $0.29

Norwood Financial Corp. ( NASDAQ:NWFL ) will pay a dividend of $0.29 on the 1st of November. This means that the annual...
Analysis Article • Jul 04

Norwood Financial's (NASDAQ:NWFL) Dividend Will Be $0.29

The board of Norwood Financial Corp. ( NASDAQ:NWFL ) has announced that it will pay a dividend on the 1st of August...
Analysis Article • Jun 20

Norwood Financial (NASDAQ:NWFL) Is Due To Pay A Dividend Of $0.29

The board of Norwood Financial Corp. ( NASDAQ:NWFL ) has announced that it will pay a dividend of $0.29 per share on...
Analysis Article • Jun 07

Do Norwood Financial's (NASDAQ:NWFL) Earnings Warrant Your Attention?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Apr 05

Norwood Financial's (NASDAQ:NWFL) Upcoming Dividend Will Be Larger Than Last Year's

Norwood Financial Corp.'s ( NASDAQ:NWFL ) dividend will be increasing from last year's payment of the same period to...
Seeking Alpha • Sep 16

Norwood Financial declares $0.28 dividend

Norwood Financial (NASDAQ:NWFL) declares $0.28/share quarterly dividend, in line with previous. Forward yield 4.21% Payable Nov. 1; for shareholders of record Oct. 14; ex-div Oct. 13. See NWFL Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 22

Norwood Financial GAAP EPS of $0.84, revenue of $19.38M

Norwood Financial press release (NASDAQ:NWFL): Q2 GAAP EPS of $0.84. Revenue of $19.38M (+6.3% Y/Y).
Seeking Alpha • Jul 10

Norwood Financial: The Book Value Gets Hit Despite Good Results

Norwood Financial reported excellent results in the first quarter and remains firmly on track to report in excess of $3/share in earnings this year. The share price has likely been held back by the decreasing book value per share. That's caused by an increase in unrealized losses on securities, due to the increasing interest rates. I'm on the sidelines until I see how the interest rate risk plays out, but I like how this bank is run. Introduction I have written a few articles on Norwood Financial (NWFL) the holding company for the Wayne Bank, a bank active in New York and Pennsylvania. In my most recent article I started considering Norwood Financial for its dividend yield as the bank was yielding about 4% with a payout ratio of less than 40%. The quarterly dividend now represents a yield in excess of 4.5% as the share price has come down, so I wanted to check if this would be a good moment to add Norwood to my portfolio. Data by YCharts The First Quarter Of The Year Was Very Satisfying The bank performed well in the first quarter. It was able to keep its interest income stable at around $17.3M and as the interest expenses decreased by a few hundred thousand dollars to $1.25M, the net interest income increased from just under $15.8M to $16.1M. That’s up 2% and probably as good as it gets for the bank. Increasing interest rates should help to boost its net interest income profile down the road. Norwood FInancial Investor Relations The bank also reported a total non-interest income of $3.3M and a non-interest expense total of just under $10.2M, for a total net non-interest expense of approximately $6.8M. That’s a better achievement than the $7.5M in Q1 of last year, although this was caused by some non-recurring items, so we shouldn’t read too much into it. In any case, it did provide a nice boost to the pre-tax income which jumped to almost $9M, also helped by lower loan loss provisions as the amount of provisions fell by about 80% to just $300,000 in the first quarter. The net income was approximately $7.1M or $0.87 per share. This means the quarterly dividend of $0.28 per share is handsomely covered, and the payout ratio is just over 30%. That being said, keep in mind there were some non-recurring items that contributed to a great quarterly result, so the normalized earnings will likely be a bit lower, going forward. But in any case, a good quarter for Norwood Financial. The low allowance for loan losses isn’t something to be too worried about, as the vast majority of the loans are current. Looking at the breakdown below, less than $9M of the $1.37B loan book is classified as past due or impaired. With in excess of $16M in booked loan loss provisions and knowing the bank will always be able to recoup some of the $9M in sour loans, I still think the situation is healthy and Norwood isn’t overly optimistic at this point. Norwood FInancial Investor Relations Despite The Strong Earnings Result, The Book Value Per Share Decreased Rather Dramatically You would think that if a bank reports an EPS of $0.87 and pays out $0.28 per share in dividends, it would see its book value increase by $0.59/share. As Norwood has 8.2M shares outstanding, you would expect to see the book value increase by almost $5M. But as you can see below, on the liabilities side of the balance sheet, that didn’t happen. Not only did the book value not increase, it actually decreased by almost 10% to just under $187M. Norwood FInancial Investor Relations Due to the higher interest rates, the bank’s investment securities have lost some of their value. In the first quarter of 2022, the bank saw its unrealized losses on the securities portfolio increase by in excess of $27M, while there was a $2.6M decrease in unrealized gains. The combination of both weighed on the book value of the bank.
Seeking Alpha • Apr 06

Norwood Financial: A 4% Yield With A Sub-40% Payout Ratio

Norwood Financial is the holding company for the Wayne Bank, a community bank in Pennsylvania and New York. The bank's reported net income was pretty decent in 2021 despite not seeing a material decrease in the loan loss provisions. The dividend yield is more than fully covered and should be safe.
Analysis Article • Mar 17

Norwood Financial (NASDAQ:NWFL) Has Announced That It Will Be Increasing Its Dividend To US$0.28

The board of Norwood Financial Corp. ( NASDAQ:NWFL ) has announced that it will be increasing its dividend on the 2nd...
Analysis Article • Dec 21

Norwood Financial (NASDAQ:NWFL) Is Increasing Its Dividend To US$0.28

Norwood Financial Corp. ( NASDAQ:NWFL ) will increase its dividend on the 1st of February to US$0.28. This will take...
Seeking Alpha • Nov 05

Norwood Financial Corp.: There Is No Reason To Dislike This One

Norwood Financial Corp. is a regional bank with healthy and stable operations. Market expansion and acquisition will lead to more growth opportunities. The stock is a good investment choice in the current market environment.
Seeking Alpha • Sep 01

Norwood Financial Is A Compelling Buy

Norwood Financial (Wayne Bank) has seen a fair amount of obstacles over the last 18 months. While big banks and regional banks have seen their shares rebound back to - or past - pre-pandemic levels, Wayne Bank is still ~25% off its highs in January 2020. We believe that Wayne has several potential catalysts in the next year, including continued economic improvement with the vaccine rollout and tailwinds from loan loss provisions.

Shareholder Returns

NWFLUS BanksUS Market
7D1.7%2.4%1.1%
1Y17.9%22.3%28.7%

Return vs Industry: NWFL underperformed the US Banks industry which returned 22.3% over the past year.

Return vs Market: NWFL underperformed the US Market which returned 28.7% over the past year.

Price Volatility

Is NWFL's price volatile compared to industry and market?
NWFL volatility
NWFL Average Weekly Movement4.0%
Banks Industry Average Movement3.4%
Market Average Movement7.2%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

Stable Share Price: NWFL has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NWFL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1870278Jim Donnellywayne.bank

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services in the United States. The company offers deposit products, including interest-bearing and non-interest-bearing transaction, statement savings, and money market accounts, as well as certificate of deposits. Its commercial loans include 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; construction financing; land and 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.

Norwood Financial Corp. Fundamentals Summary

How do Norwood Financial's earnings and revenue compare to its market cap?
NWFL fundamental statistics
Market capUS$324.76m
Earnings (TTM)US$25.71m
Revenue (TTM)US$92.63m
12.6x
P/E Ratio
1.1x
P/B Ratio

Is NWFL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NWFL income statement (TTM)
RevenueUS$92.63m
Cost of RevenueUS$0
Gross ProfitUS$92.63m
Other ExpensesUS$66.92m
EarningsUS$25.71m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.37
Gross Margin100.00%
Net Profit Margin27.76%
Debt/Equity Ratio31.4%

How did NWFL perform over the long term?

See historical performance and comparison

Dividends

4.3%
Current Dividend Yield
47%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 18:02
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Norwood Financial Corp. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel CardenasBrean Capital Historical (Janney Montgomery)
null nullStephens, Inc.
Matthew BreeseStephens, Inc.