Norwood Financial Co. (NASDAQ:NWFL) Director Kevin M. Lamont bought 500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $32.36 per share, with a total value of $16,180.00. Following the completion of the transaction, the director now directly owns 130,117 shares of the company’s stock, valued at $4,210,586.12. The transaction was disclosed in a filing with the SEC, which is available through this link.
Norwood Financial stock opened at $31.63 on Thursday. Norwood Financial Co. has a one year low of $28.08 and a one year high of $40.58. The business has a fifty day moving average price of $33.87 and a 200-day moving average price of $32.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $202.16 million, a P/E ratio of 14.74 and a beta of 0.33.
Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported $0.56 EPS for the quarter. Norwood Financial had a return on equity of 11.04% and a net margin of 26.35%. The firm had revenue of $11.25 million during the quarter.
Several institutional investors have recently bought and sold shares of NWFL. BlackRock Inc. boosted its stake in Norwood Financial by 3.7% in the 4th quarter. BlackRock Inc. now owns 296,869 shares of the financial services provider’s stock valued at $9,797,000 after purchasing an additional 10,512 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Norwood Financial by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 63,426 shares of the financial services provider’s stock worth $2,093,000 after buying an additional 1,362 shares in the last quarter. Geode Capital Management LLC increased its holdings in Norwood Financial by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 58,357 shares of the financial services provider’s stock worth $1,925,000 after purchasing an additional 2,936 shares in the last quarter. Bank of America Corp DE increased its holdings in Norwood Financial by 29.0% in the 4th quarter. Bank of America Corp DE now owns 6,154 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 1,382 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Norwood Financial by 518.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,219 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,022 shares in the last quarter. 17.91% of the stock is owned by hedge funds and other institutional investors.
NWFL has been the subject of a number of recent research reports. ValuEngine downgraded Norwood Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Wood & Company reaffirmed a “sell” rating on shares of Norwood Financial in a report on Wednesday, May 15th.
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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