Insider Trading in Focus: Norwood Financial Corp. $NWFL

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Norwood Financial Corp. (NWFL) insider have most recently took part in a trading activity. On Jun 16, 2017 Lamont Kevin M, Director bought 600 shares having total worth of $23,784 at the price of $39.64 per share, following the transaction a total of 84,797 shares owned by Lamont Kevin M. Before this latest buy, Lamont Kevin M purchased NWFL at 2 other times during the past twelve months, for a total investment of $26,334 at an average of $34.74 per share.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 1 sell activities and 3 buy trades. Furthermore, over the past 12 months , the stock was traded 21 times by insiders. In 15 of these trades, the insider was a seller while an employee of the company was the buyer in 6 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 3 1 5.99%
12 Month 6 15 47.79%

Shares of Norwood Financial Corp. (NWFL) traded up 2.41% on Jun 15, 2017, hitting $39.95. 14,502 shares of the company’s stock traded hands. Norwood Financial Corp. has a 52 week low of $24.95 and a 52 week high of $41.55. The company’s market cap is $107 million.

Norwood Financial Corporation, a Pennsylvania corporation is the holding Company for Wayne Bank. The Bank is an independent community bank with five offices in Wayne County, three offices in Pike County, five offices in Monroe County and three offices in Lackawanna County. It offers personal and business credit services and trust and investment products and real estate settlement services to the consumers, businesses, nonprofit organizations, and municipalities in each of the communities that the Bank serves. The Bank mainly serves the Pennsylvania counties of Wayne, Pike and Monroe, and to a much lesser extent, the counties of Lackawanna and Susquehanna. In addition, the Bank operates eleven automated teller machines, one in each of its branch locations. The Bank’s loan products include loans for personal and business use. Personal lending includes mortgage lending to finance main residences and to a lesser extent second home dwellings. The products include fixed rate mortgage products with terms up to 30 years which may be sold, in the secondary market through the Federal National Mortgage Association (Fannie Mae) or held in the Bank’s portfolio subject to the extent consistent with its asset/liability management strategies. Commercial loans and commercial mortgages are provided to local small and mid-sized businesses at a variety of terms and rate structures. Commercial lending activities include lines of credit, revolving credit, term loans, mortgages, various forms of secured lending and a limited amount of letter of credit facilities. The Bank’s construction lending has mainly involved lending for commercial construction projects and for single-family residences. All loans for the construction of speculative sale homes have a loan value ratio of not more than 80%. Commercial lending including real-estate related loans entail significant additional risks when compared with residential real estate and consumer lending. For example, commercial loans typically involve larger loan balances to single borrowers or groups of related borrowers. The Bank provides a full range of deposit products to its retail and business customers. These include interest-bearing and noninterest bearing transaction accounts, statement savings and money market accounts. Certificate of deposit terms range up to 5 years for retail instruments. The Bank operates a Wealth Management/Trust Department which provides estate planning, investment management and financial planning to customers for whom it is generally compensated based on a percentage of assets under management. The competition for deposit products comes from other insured financial institutions such as commercial banks, thrift institutions, credit unions, and multi-state regional banks in the Company’s market area of Wayne, Pike, Monroe and Lackawanna Counties, Pennsylvania. The Company is subject to regulation and supervision by the Board of Governors of the Federal Reserve System (Federal Re

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.