Norwood Financial Co. (NASDAQ:NWFL) EVP John F. Carmody sold 1,650 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $34.00, for a total transaction of $56,100.00. Following the completion of the sale, the executive vice president now directly owns 4,425 shares in the company, valued at $150,450. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ:NWFL traded up $0.02 during trading hours on Thursday, reaching $34.63. The stock had a trading volume of 5,081 shares, compared to its average volume of 6,254. Norwood Financial Co. has a 1 year low of $28.08 and a 1 year high of $40.58. 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 company has a market cap of $209.30 million, a PE ratio of 15.27 and a beta of 0.26.
Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.51 EPS for the quarter. Norwood Financial had a net margin of 26.98% and a return on equity of 11.40%. The company had revenue of $10.83 million for the quarter.
Several institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in Norwood Financial by 518.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,219 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,022 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Norwood Financial during the first quarter worth about $166,000. Bank of America Corp DE increased its position in shares of 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 worth $204,000 after purchasing an additional 1,382 shares in the last quarter. Rhumbline Advisers increased its position in shares of Norwood Financial by 46.1% during the fourth quarter. Rhumbline Advisers now owns 8,165 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 2,577 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Norwood Financial by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,272 shares of the financial services provider’s stock valued at $441,000 after purchasing an additional 1,802 shares during the last quarter. Institutional investors and hedge funds own 17.66% of the company’s stock.
Separately, Wood & Company reissued a “sell” rating on shares of Norwood Financial in a research report on Wednesday.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.themarketsdaily.com/2019/05/16/norwood-financial-co-nwfl-evp-sells-56100-00-in-stock.html.
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.
Further Reading: Capital gains and your 401(k) or IRA
Receive News & Ratings for Norwood Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwood Financial and related companies with MarketBeat.com's FREE daily email newsletter.