Norwood Financial Co. (NASDAQ:NWFL) EVP John F. Carmody sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $34.00, for a total transaction of $56,100.00. Following the sale, the executive vice president now owns 4,425 shares of the company’s stock, valued at $150,450. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
NASDAQ NWFL traded up $1.14 during trading hours on Wednesday, hitting $35.74. 4,202 shares of the company’s stock traded hands, compared to its average volume of 4,702. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $209.30 million, a price-to-earnings ratio of 15.27 and a beta of 0.26. Norwood Financial Co. has a 52 week low of $28.08 and a 52 week high of $40.58.
Norwood Financial (NASDAQ:NWFL) last announced its earnings results on Friday, April 19th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $10.83 million during the quarter. Norwood Financial had a net margin of 26.98% and a return on equity of 11.40%.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Monday, April 15th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.96 annualized dividend and a yield of 2.69%.
Separately, Wood & Company reiterated a “sell” rating on shares of Norwood Financial in a research note on Wednesday.
A number of hedge funds and other institutional investors have recently made changes to their positions in NWFL. BNP Paribas Arbitrage SA grew its position in Norwood Financial by 518.8% during the first quarter. BNP Paribas Arbitrage SA now owns 1,219 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,022 shares during the period. SG Americas Securities LLC bought a new stake in Norwood Financial during the first quarter valued at approximately $166,000. Bank of America Corp DE grew its position in Norwood Financial by 29.0% during the fourth quarter. Bank of America Corp DE now owns 6,154 shares of the financial services provider’s stock valued at $204,000 after buying an additional 1,382 shares during the period. Rhumbline Advisers grew its position in Norwood Financial by 46.1% during the fourth quarter. Rhumbline Advisers now owns 8,165 shares of the financial services provider’s stock valued at $269,000 after buying an additional 2,577 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Norwood Financial by 14.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,272 shares of the financial services provider’s stock valued at $441,000 after buying an additional 1,802 shares during the period. Institutional investors own 17.66% of the company’s stock.
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Norwood Financial Company Profile
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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