New insider activity at Norwood Financial ( (NWFL) ) has taken place on February 4, 2025.
Director Ronald R Schmalzle has made a significant investment by purchasing 3,129 shares of Norwood Financial stock, with the transaction valued at $81,354.
Recent Updates on NWFL stock
Norwood Financial recently announced strategic initiatives aimed at improving its financial performance amidst changing market conditions. The company repositioned its securities portfolio, selling $155 million in securities with a 2% yield and reinvesting in higher-yield securities at 5.2%, which is expected to enhance its ROAA, NIM, and EPS. However, this move resulted in a one-time $20 million loss, contributing to a net loss of $12.7 million for Q4 2024. Despite this, the company achieved a net interest margin increase to 3.04% and a 9% annualized loan growth in the fourth quarter. The completion of a capital raise improved Norwood’s tangible common equity from 6.98% to 8.05%. Management remains optimistic about adapting to future interest rate changes and enhancing financial stability.
More about Norwood Financial
YTD Price Performance: -0.99%
Average Trading Volume: 14,438
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $242M