New insider activity at Norwood Financial ( (NWFL) ) has taken place on February 7, 2025.
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Director Ronald R Schmalzle recently made a significant move by acquiring 11,063 shares of Norwood Financial stock, a purchase valued at $293,668.
Recent Updates on NWFL stock
Norwood Financial has recently undergone strategic repositioning of its investment portfolio, selling $155 million in securities with a 2.0% yield and reinvesting in higher-yielding securities with a 5.2% yield, despite incurring a $20 million one-time loss. This move is expected to enhance the company’s return on average assets, net interest margin, and earnings per share, positioning it for increased earnings amid fluctuating interest rates. The company reported a net loss of $12.7 million for Q4, primarily due to this loss, but saw improved net interest income and a 9% annualized loan growth. Norwood Financial also completed a capital raise, improving its tangible common equity from 6.98% to 8.05%, as part of its strategy to strengthen financial resilience against interest rate changes. Piper Sandler initiated coverage with a Neutral rating, citing a premium valuation justified by a projected improved profitability profile in 2025.
More about Norwood Financial
YTD Price Performance: -2.79%
Average Trading Volume: 14,692
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $237.6M