The EVP & CCO of Norwood Financial is Exercising Options

By Carrie Williams

Today it was reported that the EVP & CCO of Norwood Financial (NWFLResearch Report), John Carmody, exercised options to sell 1,650 NWFL shares at $17.33 a share, for a total transaction value of $56.1K.

Following John Carmody’s last NWFL Sell transaction on December 01, 2017, the stock climbed by 5.9%. In addition to John Carmody, one other NWFL executive reported Sell trades in the last month.

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Based on Norwood Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $12.99 million and quarterly net profit of $3.19 million. In comparison, last year the company earned revenue of $11.72 million and had a net profit of $3.13 million. NWFL’s market cap is $217.5M and the company has a P/E ratio of 15.88. Currently, Norwood Financial has an average volume of 4,192.

In the last 30 days, insiders have sold $56.1K worth of NWFL shares and purchased $42.65K worth of NWFL shares. The insider sentiment on Norwood Financial has been neutral according to 38 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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Norwood Financial Corp. is a bank holding company. Its operates through its subsidiary Wayne Bank, offers a variety of personal and business credit services, trust, investment products and real estate settlement services to the consumers, businesses, non-profit organizations and municipalities in each of the communities that the bank serves.