Ronald R. Schmalzle, Director of Norwood Monetary Corp (NASDAQ: NWFL), not too long ago acquired 7,692 shares of the corporate’s frequent inventory. The acquisition, executed on December 19, 2024, was made at a worth of $26 per share, for a complete transaction worth of $199,992. The timing is notable because the inventory noticed a big decline of 10.8% over the previous week, in accordance with InvestPro knowledge. Following this acquisition, Schmalzle now straight owns 15,510 shares of Norwood Monetary, a regional financial institution with a market capitalization of $218 million. The corporate stands out for its 27-year historical past of consecutive dividend will increase, presently yielding 4.5%. InvestPro Evaluation suggests the inventory is presently undervalued, with a FAIR general monetary well being ranking. This transaction was reported in a Type 4 filed with the Securities and Alternate Fee.
Individually, Norwood Monetary Corp accomplished an extra inventory providing. The financial institution issued 150,000 shares of its frequent inventory following the train by underwriters Piper Sandler & Co and Janney Montgomery Scott LLC of a 30-day choice to buy extra shares. This brings the entire variety of shares bought on this providing to 1,150,000. The transaction was confirmed by the corporate’s Government Vice President and Chief Monetary Officer, John M. McCaffery.
In the meantime, Norwood Monetary Corp and its subsidiary Wayne Financial institution maintained their quarterly money dividend at $0.30 per share. The financial institution’s capability to keep up this dividend is attributed to its monetary well being and capital energy, as said by Chairman and CEO James O. Donnelly. As of June 30, 2024, the financial institution reported complete belongings of roughly $2.235 billion, excellent loans of $1.641 billion, complete deposits of $1.811 billion and complete capital of $182.2 million.
These are current developments that could be of curiosity to traders and shareholders. You will need to observe, nevertheless, that these developments don’t represent predictions or ensures of future efficiency.
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