Ronald R. Schmalzle, a director at Norwood Monetary Corp (NASDAQ:NWFL), lately acquired 7,692 shares of the corporate’s widespread inventory. The acquisition, executed on December 19, 2024, was made at a worth of $26 per share, amounting to a complete transaction worth of $199,992. The timing is notable because the inventory has skilled a big 10.8% decline over the previous week, in keeping with InvestingPro information. 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 monitor file of consecutive dividend will increase, presently providing a 4.5% yield. InvestingPro evaluation suggests the inventory is presently undervalued, with a FAIR total monetary well being ranking. This transaction was reported in a Type 4 submitting with the Securities and Alternate Fee.
In different latest information, Norwood Monetary Corp has accomplished a further inventory providing. The financial institution issued 150,000 shares of widespread inventory following underwriters Piper Sandler & Co and Janney Montgomery Scott LLC exercising 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 Govt Vice President and Chief Monetary Officer, John M. McCaffery.
In parallel, Norwood Monetary Corp and its subsidiary Wayne Financial institution have held their quarterly money dividend regular at $0.30 per share. The financial institution’s capability to take care of this dividend is attributed to its monetary well being and capital power, as said by President and CEO James O. Donnelly. As of June 30, 2024, the financial institution reported whole property of roughly $2.235 billion, loans excellent of $1.641 billion, whole deposits of $1.811 billion, and whole capital of $182.2 million.
These are latest developments that could be of curiosity to buyers and shareholders. Nonetheless, it is very important word that these developments usually are not predictions or ensures of future efficiency.
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