Ronald R. Schmalzl, Director of Norwood Financial Corp (NASDAQ:NWFL), recently acquired 7,692 shares of the company's common stock. The purchase was executed on December 19, 2024, at a price of $26 per share, amounting to a total transaction value of $199,992. The timing is notable as the stock has seen a significant 10.8% decline over the past week, according to InvestingPro Data. Following this acquisition, Schmalzle now directly owns 15,510 shares in Norwood Financial, a regional bank with a market capitalization of $218 million. The company has a 27-year track record of consecutive dividend increases, currently offering a yield of 4.5%. InvestingPro Analysis indicates that the stock is currently undervalued, with a FAIR rating for overall financial health. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Norwood Financial Corp. has completed an additional stock offering. The bank issued 150,000 shares of common stock after underwriters Piper Sandler & Co and Janney Montgomery Scott LLC exercised a 30-day option to buy more shares. This brings the total number of shares sold in this offering to 1,150,000 shares. The deal was confirmed by the company's Executive Vice President and Chief Financial Officer, John M. McCaffery.
In parallel, Norwood Financial Corp. and its subsidiary Wayne Bank held its quarterly cash dividend steady at $0.30 per share. The bank's ability to maintain these profits is due to its financial health and capital strength, said President and CEO James O. Donnelly. As of June 30, 2024, the bank reported total assets of approximately US$2.235 billion, outstanding loans of US$1.641 billion, total deposits of US$1.811 billion, and total capital of US$182.2 million.
These are recent developments that may be of interest to investors and shareholders. However, it is important to note that these developments are not predictions or guarantees of future performance.
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