The President & CEO of Norwood Financial (NASDAQ: NWFL) is Buying Shares

By Carrie Williams

Today, the President & CEO of Norwood Financial (NASDAQ: NWFL), Lewis Critelli, bought shares of NWFL for $27.23K.

Following this transaction Lewis Critelli’s holding in the company was increased by 1.75% to a total of $1.52 million. In addition to Lewis Critelli, 2 other NWFL executives reported Buy trades in the last month.

Based on Norwood Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $11.72 million and quarterly net profit of $3.13 million. In comparison, last year the company earned revenue of $11.08 million and had a net profit of $2.38 million. The company has a one-year high of $35.72 and a one-year low of $24.33. NWFL’s market cap is $181.9M and the company has a P/E ratio of 20.30.

The insider sentiment on Norwood Financial has been positive according to 37 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.