Stock Analysis Report

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Last Updated

2021/08/03 23:47 UTC

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Company Financials

Executive Summary

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. More Details

Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

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Share Price & News

How has Norwood Financial's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: NWFL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NWFL's weekly volatility (3%) has been stable over the past year.

Market Performance

7 Day Return




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: NWFL underperformed the US Banks industry which returned 58.2% over the past year.

Return vs Market: NWFL underperformed the US Market which returned 34.4% over the past year.

Shareholder returns

7 Day1.1%1.2%0.9%
30 Day-1.9%-2.6%0.2%
90 Day0.6%-5.6%4.7%
1 Year7.8%3.6%66.0%61.5%36.8%34.7%
3 Year-25.0%-32.2%18.3%8.1%62.5%52.4%
5 Year58.6%34.4%91.4%67.4%123.1%98.4%

Long-Term Price Volatility Vs. Market

How volatile is Norwood Financial's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Norwood Financial undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NWFL ($25.37) is trading below our estimate of fair value ($36.83)

Significantly Below Fair Value: NWFL is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: NWFL is good value based on its PE Ratio (9.5x) compared to the US Banks industry average (10.7x).

PE vs Market: NWFL is good value based on its PE Ratio (9.5x) compared to the US market (17.9x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NWFL's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: NWFL's PB Ratio (1x) is in line with the US Banks industry average.

Future Growth

How is Norwood Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Norwood Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Norwood Financial performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NWFL has high quality earnings.

Growing Profit Margin: NWFL's current net profit margins (33.4%) are higher than last year (27.8%).

Past Earnings Growth Analysis

Earnings Trend: NWFL's earnings have grown significantly by 21.6% per year over the past 5 years.

Accelerating Growth: NWFL's earnings growth over the past year (80.7%) exceeds its 5-year average (21.6% per year).

Earnings vs Industry: NWFL earnings growth over the past year (80.7%) exceeded the Banks industry 35.1%.

Return on Equity

High ROE: NWFL's Return on Equity (10.9%) is considered low.

Financial Health

How is Norwood Financial's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: NWFL's Assets to Equity ratio (10.1x) is moderate.

Allowance for Bad Loans: NWFL has a sufficient allowance for bad loans (454%).

Low Risk Liabilities: 93% of NWFL's liabilities are made up of primarily low risk sources of funding.

Loan Level: NWFL has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: NWFL's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: NWFL has an appropriate level of bad loans (0.2%).


What is Norwood Financial current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NWFL's dividend (4.1%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: NWFL's dividend (4.1%) is in the top 25% of dividend payers in the US market (3.57%)

Stability and Growth of Payments

Stable Dividend: NWFL's dividends per share have been stable in the past 10 years.

Growing Dividend: NWFL's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.6%), NWFL's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Lew Critelli (61 yo)





Mr. Lewis J. Critelli, also known as Lew, has been the Chief Executive Officer and President of Norwood Financial Corp. since January 1, 2010. Mr. Critelli has been the Chief Executive Officer and Presiden...

CEO Compensation Analysis

Compensation vs Market: Lew's total compensation ($USD712.18K) is below average for companies of similar size in the US market ($USD1.10M).

Compensation vs Earnings: Lew's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: NWFL's management team is seasoned and experienced (9.6 years average tenure).

Board Members

Experienced Board: NWFL's board of directors are considered experienced (5.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: NWFL insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.1%.

Top Shareholders

Company Information

Norwood Financial Corp.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Norwood Financial Corp.
  • Ticker: NWFL
  • Exchange: NasdaqGM
  • Founded: 1870
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$207.698m
  • Shares outstanding: 8.19m
  • Website:

Number of Employees


  • Norwood Financial Corp.
  • 717 Main Street
  • Honesdale
  • Pennsylvania
  • 18431
  • United States



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 ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/03 23:47
End of Day Share Price2021/08/03 00:00
Annual Earnings2020/12/31

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 here.