Kevin M. Lamont Buys 825 Shares of Norwood Financial Corp. (NASDAQ:NWFL) Stock
Norwood Financial Corp. (NASDAQ:NWFL) Director Kevin M. Lamont purchased 825 shares of the stock in a transaction on Wednesday, August 9th. The stock was acquired at an average price of $41.17 per share, with a total value of $33,965.25. Following the acquisition, the director now directly owns 85,272 shares in the company, valued at $3,510,648.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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 for the quarter. The firm had revenue of $10.31 million for the quarter. Norwood Financial Corp. had a return on equity of 7.12% 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 given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Wednesday, July 12th. Norwood Financial Corp.’s dividend payout ratio (DPR) is presently 66.32%.
Separately, ValuEngine upgraded Norwood Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
A hedge fund recently bought a new stake in Norwood Financial Corp. stock. Bank of New York Mellon Corp purchased a new position in Norwood Financial Corp. (NASDAQ:NWFL) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,400 shares of the financial services provider’s stock, valued at approximately $481,000. Bank of New York Mellon Corp owned about 0.28% of Norwood Financial Corp. at the end of the most recent reporting period. 10.96% of the stock is currently owned by hedge funds and other institutional investors.
About Norwood Financial Corp.
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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