Norwood Financial Corp. (NASDAQ:NWFL) Director Kevin M. Lamont bought 825 shares of Norwood Financial Corp. stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average cost of $41.17 per share, for a total transaction of $33,965.25. Following the completion of the transaction, the director now directly owns 85,272 shares in the company, valued at $3,510,648.24. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Norwood Financial Corp. (NASDAQ NWFL) traded down 1.33% on Friday, reaching $40.07. The company had a trading volume of 5,996 shares. The company has a market capitalization of $166.09 million, a P/E ratio of 20.54 and a beta of 0.13. Norwood Financial Corp. has a 52 week low of $28.10 and a 52 week high of $44.37. The company has a 50 day moving average of $42.26 and a 200-day moving average of $39.58. Shares of Norwood Financial Corp. are going to split on Monday, September 18th. The 3-2 split was announced on Wednesday, August 9th. The newly minted shares will be payable to shareholders after the market closes on Friday, September 15th.
Norwood Financial Corp. (NASDAQ:NWFL) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $10.31 million during the quarter. Norwood Financial Corp. had a return on equity of 7.07% and a net margin of 18.66%.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Wednesday, July 12th. Norwood Financial Corp.’s dividend payout ratio (DPR) is 66.32%.
ILLEGAL ACTIVITY WARNING: This news story was reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.thestockobserver.com/2017/08/12/norwood-financial-corp-nwfl-director-purchases-33965-25-in-stock.html.
Separately, ValuEngine raised Norwood Financial Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Norwood Financial Corp. by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 32,474 shares of the financial services provider’s stock worth $1,372,000 after buying an additional 1,227 shares during the period. Vanguard Group Inc. increased its stake in shares of Norwood Financial Corp. by 42.4% in the second quarter. Vanguard Group Inc. now owns 25,878 shares of the financial services provider’s stock worth $1,093,000 after buying an additional 7,707 shares during the period. Northern Trust Corp increased its stake in shares of Norwood Financial Corp. by 305.4% in the second quarter. Northern Trust Corp now owns 43,860 shares of the financial services provider’s stock worth $1,853,000 after buying an additional 33,041 shares during the period. New York State Common Retirement Fund acquired a new stake in shares of Norwood Financial Corp. during the second quarter worth about $173,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in shares of Norwood Financial Corp. during the second quarter worth about $448,000. 10.96% of the stock is owned by institutional investors.
Norwood Financial Corp. Company Profile
Norwood Financial Corp. is a bank holding company. The Company operates through its subsidiary, Wayne Bank (the Bank). The Bank is a chartered bank and trust company. The Bank is an independent community bank that operates over five offices in the Wayne County, approximately three offices in Pike County, four offices in Monroe County and over three offices in Lackawanna County.
Receive News & Ratings for Norwood Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwood Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.