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Norwood Financial ( (NWFL) ) has provided an update.
Norwood Financial Corp has entered into an underwriting agreement with Piper Sandler & Co. and Janney Montgomery Scott LLC to sell 1,000,000 shares of its common stock at $26.00 per share. The net proceeds, expected to be around $24.4 million, will be invested into Wayne Bank to support its capital ratios, reposition debt securities, and for general corporate purposes such as stock repurchase and potential acquisitions.
More about Norwood Financial
Norwood Financial Corp is the parent company of Wayne Bank, operating from 29 offices across Northeastern Pennsylvania and New York. The company’s stock is traded on the Nasdaq Global Market under the symbol ‘NWFL’.
YTD Price Performance: -2.57%
Average Trading Volume: 8,463
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $248.3M
See more insights into NWFL stock on TipRanks’ Stock Analysis page.
