Insider Selling: Norwood Financial Co. (NWFL) Director Sells $26,853.75 in Stock
Norwood Financial Co. (NASDAQ:NWFL) Director Ralph A. Matergia sold 825 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $32.55, for a total value of $26,853.75. Following the sale, the director now directly owns 5,673 shares in the company, valued at approximately $184,656.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Norwood Financial Co. (NWFL) traded down $0.28 during mid-day trading on Friday, reaching $34.63. The company had a trading volume of 4,908 shares, compared to its average volume of 14,522. Norwood Financial Co. has a 12 month low of $21.23 and a 12 month high of $35.72. The company has a market capitalization of $214.18, a P/E ratio of 20.86 and a beta of 0.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.79 and a current ratio of 0.79.
Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.47 earnings per share for the quarter. Norwood Financial had a return on equity of 9.07% and a net margin of 23.08%. The company had revenue of $10.73 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, January 12th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Thursday, January 11th. Norwood Financial’s payout ratio is currently 53.01%.
Separately, ValuEngine downgraded Norwood Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in Norwood Financial during the second quarter valued at about $481,000. Peoples Financial Services CORP. boosted its holdings in Norwood Financial by 50.0% in the third quarter. Peoples Financial Services CORP. now owns 11,821 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 3,940 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in Norwood Financial in the second quarter worth about $288,000. Northern Trust Corp boosted its holdings in Norwood Financial 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 acquiring an additional 33,041 shares in the last quarter. Finally, Siena Capital Partners GP LLC boosted its holdings in Norwood Financial by 50.0% in the third quarter. Siena Capital Partners GP LLC now owns 32,561 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 10,854 shares in the last quarter. 17.37% of the stock is currently owned by institutional investors.
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About Norwood Financial
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.
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