Insider Selling: Norwood Financial Co. (NWFL) Chairman Sells $24,156.00 in Stock

Norwood Financial Co. (NASDAQ:NWFL) Chairman William W. Davis, Jr. sold 792 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.50, for a total transaction of $24,156.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Norwood Financial Co. (NWFL) traded down $0.33 during mid-day trading on Monday, reaching $29.90. 2,100 shares of the company’s stock were exchanged, compared to its average volume of 11,915. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.79 and a quick ratio of 0.79. Norwood Financial Co. has a 1-year low of $21.17 and a 1-year high of $33.74. The company has a market cap of $186.40, a PE ratio of 18.05 and a beta of 0.13.

Norwood Financial (NASDAQ:NWFL) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter. Norwood Financial had a net margin of 23.08% and a return on equity of 9.07%. The business had revenue of $10.73 million for the quarter.

Separately, ValuEngine cut shares of Norwood Financial from a “buy” rating to a “hold” rating in a report on Friday.

A number of hedge funds have recently modified their holdings of NWFL. Bank of New York Mellon Corp purchased a new position in shares of Norwood Financial during the 2nd quarter valued at $481,000. Peoples Financial Services CORP. grew its position in shares of Norwood Financial by 50.0% during the 3rd quarter. Peoples Financial Services CORP. now owns 11,821 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 3,940 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of Norwood Financial during the 2nd quarter valued at $288,000. Siena Capital Partners GP LLC grew its position in shares of Norwood Financial by 50.0% during the 3rd quarter. Siena Capital Partners GP LLC now owns 32,561 shares of the financial services provider’s stock valued at $994,000 after purchasing an additional 10,854 shares in the last quarter. Finally, Teachers Advisors LLC purchased a new position in shares of Norwood Financial during the 2nd quarter valued at $294,000. 17.37% of the stock is currently owned by institutional investors and hedge funds.

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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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