Janney initiated coverage of Norwood Financial Corp. with a rating of Buy and set a new price target of $31.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | $28.00 | Neutral | Piper Sandler |
| 1/2/2025 | $31.00 | Buy | Janney |
Piper Sandler initiated coverage of Norwood Financial Corp. with a rating of Neutral and set a new price target of $28.00
Janney initiated coverage of Norwood Financial Corp. with a rating of Buy and set a new price target of $31.00
Quarterly and Year-to-Date Highlights: Fully diluted EPS of $0.67, a 29% increase over the same period in 2024Return on assets rose 31 basis points to 1.06% from 2Q 2024.Net interest margin increased 13 basis points vs. the prior quarter and 63 basis points over the prior year.Loans grew at a 4.4% and 8.2% annualized rate during the second quarter and year-to-date, respectively.Deposits grew year-to-date at an annualized rate of 15% while deposit costs fell 20 basis points since the 4th quarter of 2024.Capital continues to improve on increased earnings and lower accumulated other comprehensive income (AOCI) adjustment. HONESDALE, Pa., July 22, 2025 (GLOBE NEWSWIRE) -- Norwood Financial C
HONESDALE, Pa. and COATESVILLE, Pa., July 07, 2025 (GLOBE NEWSWIRE) -- Norwood Financial Corp ("Norwood Financial") (NASDAQ:NWFL), headquartered in Honesdale, Pennsylvania, and PB Bankshares, Inc. ("Presence") (NASDAQ:PBBK), headquartered in Coatesville, Pennsylvania, jointly announced today that both companies' boards of directors have unanimously approved an agreement and plan of merger (the "Agreement") pursuant to which Presence will merge with and into Norwood. Norwood Financial is the bank holding company for Wayne Bank, which operates 30 banking offices in Pennsylvania and New York. As of March 31, 2025, Norwood Financial had consolidated assets of $2.4 billion. Presence is the b
HONESDALE, Pa., June 18, 2025 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.31 per share cash dividend, which is payable on August 1, 2025, to stockholders of record as of July 15, 2025. The $0.31 per share is a $0.01 increase over the per share dividend declared in the second quarter of 2024. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company's financial strength and strong capital position which has contributed to our solid perfor
10-Q - NORWOOD FINANCIAL CORP (0001013272) (Filer)
8-K - NORWOOD FINANCIAL CORP (0001013272) (Filer)
425 - NORWOOD FINANCIAL CORP (0001013272) (Subject)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
HONESDALE, Pa., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Susan Campfield has announced her retirement from the Board of Directors of Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, effective February 18, 2025. After serving the companies for 19 years, Campfield announced her retirement stating, "I have enjoyed supporting this great bank and all of the good it has done and is doing in the communities that we serve. It has been one of the real honors of my professional life." Campfield joined the Board of Directors in 2006 as a fixture in the Wayne County, Pennsylvania business community. For over 33 years, she served as President and Chief Executive Officer
HONESDALE, Pa., July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary, Wayne Bank, announced the appointment of Ronald R. Schmalzle to the Board of Directors of Norwood Financial Corp ("Norwood" or the "Company") and Wayne Bank. "I have known Ron for over 15 years and am so pleased to add his considerable expertise to the Board," said Lewis J. Critelli, Chairman of the Board of Directors for Norwood and Wayne Bank. "Ron's business acumen, long history of public service, and community insight will help us to achieve long-lasting impact within our communities." Schmalzle is currently serving his second term as a
HONESDALE, Pa., June 21, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (the "Company") (NASDAQ Global Market: NWFL) and its wholly owned subsidiary Wayne Bank (the "Bank"), announced that the Board of Directors had appointed John M. McCaffery as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of June 24, 2024, the day he commences employment with the Company. McCaffery joins the Company with over 30 years of leadership and finance experience in various financial institutions, including two stints as CFO. His most recent position was Senior Vice President and Treasurer for Metropol
HONESDALE, Pa. and COATESVILLE, Pa., July 07, 2025 (GLOBE NEWSWIRE) -- Norwood Financial Corp ("Norwood Financial") (NASDAQ:NWFL), headquartered in Honesdale, Pennsylvania, and PB Bankshares, Inc. ("Presence") (NASDAQ:PBBK), headquartered in Coatesville, Pennsylvania, jointly announced today that both companies' boards of directors have unanimously approved an agreement and plan of merger (the "Agreement") pursuant to which Presence will merge with and into Norwood. Norwood Financial is the bank holding company for Wayne Bank, which operates 30 banking offices in Pennsylvania and New York. As of March 31, 2025, Norwood Financial had consolidated assets of $2.4 billion. Presence is the b
HONESDALE, Pa., June 18, 2025 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.31 per share cash dividend, which is payable on August 1, 2025, to stockholders of record as of July 15, 2025. The $0.31 per share is a $0.01 increase over the per share dividend declared in the second quarter of 2024. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company's financial strength and strong capital position which has contributed to our solid perfor
HONESDALE, Pa., March 31, 2025 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.31 per share cash dividend, which is payable on May 1, 2025, to stockholders of record as of April 15, 2025. The $0.31 per share is a $0.01 increase over the per share dividend declared in the first quarter of 2024. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company's financial strength and strong capital position which has contributed to our solid performa