The President & CEO of Norwood Financial is Exercising Options

By Carrie Williams

Today it was reported that the President & CEO of Norwood Financial (NASDAQ: NWFL), Lewis Critelli, exercised options to sell 4,125 NWFL shares at $16.67 a share, for a total transaction value of $157.3K. The options were close to expired and Lewis Critelli disposed stocks.

Following Lewis Critelli’s last NWFL Sell transaction on April 25, 2018, the stock climbed by 9.4%. In addition to Lewis Critelli, 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 September 30, the company posted quarterly revenue of $12.78 million and quarterly net profit of $3.71 million. In comparison, last year the company earned revenue of $11.75 million and had a net profit of $2.94 million. NWFL’s market cap is $243.8M and the company has a P/E ratio of 23.29. Currently, Norwood Financial has an average volume of 6,377.

In the last 30 days, insiders have sold $157.3K worth of NWFL shares and purchased $150.1K worth of NWFL shares. The insider sentiment on Norwood Financial has been positive according to 35 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Norwood Financial Corp. is a bank holding company. The company 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.