Norwood Financial Co. (NWFL) Shares Bought by California State Teachers Retirement System
California State Teachers Retirement System increased its stake in shares of Norwood Financial Co. (NASDAQ:NWFL) by 39.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 9,450 shares of the financial services provider’s stock after acquiring an additional 2,650 shares during the period. California State Teachers Retirement System’s holdings in Norwood Financial were worth $288,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its position in Norwood Financial by 416.7% during the third quarter. Bessemer Group Inc. now owns 4,650 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 3,750 shares during the last quarter. SG Americas Securities LLC acquired a new position in Norwood Financial during the third quarter worth about $147,000. New York State Common Retirement Fund acquired a new position in Norwood Financial during the second quarter worth about $173,000. Stifel Financial Corp acquired a new position in Norwood Financial during the third quarter worth about $221,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Norwood Financial during the second quarter worth about $288,000. 17.45% of the stock is currently owned by hedge funds and other institutional investors.
Norwood Financial Co. (NASDAQ NWFL) opened at $31.86 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.27. The stock has a market cap of $193.01, a PE ratio of 24.06 and a beta of 0.06. Norwood Financial Co. has a 52-week low of $23.00 and a 52-week high of $35.72.
Separately, ValuEngine cut shares of Norwood Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
In other news, Director Ralph A. Matergia sold 825 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $32.55, for a total value of $26,853.75. Following the completion of the transaction, the director now owns 5,673 shares of the company’s stock, valued at $184,656.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John F. Carmody sold 2,219 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $30.17, for a total transaction of $66,947.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,219 shares of company stock valued at $343,138. 6.40% of the stock is currently owned by company insiders.
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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