Norwood Financial Corp adjusts the dividend payment date to February 3, 2025, maintaining the January 15 record date.
Quiver AI Summary
Norwood Financial Corp announced that the payment date for its fourth quarter cash dividend has been changed from February 1, 2025, to February 3, 2025. However, the record date of January 15, 2025, remains unchanged. Norwood operates through its subsidiary, Wayne Bank, with a total of 29 offices in Northeastern Pennsylvania and parts of New York. As of September 30, 2024, the company reported total assets of $2.3 billion, $1.7 billion in outstanding loans, and $1.9 billion in total deposits. Norwood Financial's stock is listed on the Nasdaq Global Market under the ticker symbol "NWFL." The press release includes forward-looking statements that are subject to risks and uncertainties.
Potential Positives
- Norwood Financial Corp is maintaining its commitment to returning value to shareholders by issuing a cash dividend, indicating a stable financial position.
- The company continues to show significant assets with total assets reported at $2.3 billion and total deposits of $1.9 billion, reflecting a strong financial foundation.
- The announcement demonstrates effective communication with shareholders regarding changes in dividend payment dates, promoting transparency.
- Norwood Financial Corp’s presence in multiple states, including fifteen offices in Pennsylvania and fourteen in New York, indicates a substantial operational footprint and growth potential.
Potential Negatives
- Changing the dividend payment date could signal operational issues or lack of coordination within the company, potentially raising concerns among investors about management effectiveness.
FAQ
What is the new dividend payment date for Norwood Financial Corp?
The new dividend payment date is February 3, 2025, instead of February 1, 2025.
When is the record date for the dividend?
The record date for the dividend remains January 15, 2025.
Where does Norwood Financial Corp operate?
Norwood Financial Corp operates fifteen offices in Northeastern Pennsylvania and fourteen offices in New York.
What is the current total assets of Norwood Financial Corp?
As of September 30, 2024, Norwood Financial Corp has total assets of $2.3 billion.
What is the stock symbol for Norwood Financial Corp?
The stock symbol for Norwood Financial Corp is NWFL, traded on the Nasdaq Global Market.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NWFL Insider Trading Activity
$NWFL insiders have traded $NWFL stock on the open market 12 times in the past 6 months. Of those trades, 12 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NWFL stock by insiders over the last 6 months:
- RONALD R SCHMALZLE purchased 7,400 shares.
- JOHN MARTIN JR MCCAFFERY (EVP & CFO) has traded it 11 times. They made 11 purchases, buying 2,000 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NWFL Hedge Fund Activity
We have seen 31 institutional investors add shares of $NWFL stock to their portfolio, and 20 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GOLDMAN SACHS GROUP INC added 18,303 shares (+inf%) to their portfolio in Q3 2024
- INVESCO LTD. removed 13,971 shares (-100.0%) from their portfolio in Q3 2024
- BLACKROCK, INC. added 13,942 shares (+2.5%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC added 12,857 shares (+inf%) to their portfolio in Q3 2024
- MORGAN STANLEY added 12,160 shares (+71.3%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO added 9,950 shares (+250.5%) to their portfolio in Q3 2024
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC removed 7,852 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HONESDALE, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Norwood Financial Corp (NASDAQ Global Market - NWFL) announced today that the dividend payment date for the fourth quarter cash dividend is February 3, 2025, not February 1, 2025, as was announced yesterday. The January 15, 2025 record date for the dividend remains the same.
Norwood Financial Corp, through its subsidiary, Wayne Bank operates fifteen offices in Northeastern Pennsylvania and fourteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York. As of September 30, 2024, Norwood had total assets of $2.3 billion, loans outstanding of $1.7 billion, total deposits of $1.9 billion and total capital of $196 million. The Company’s stock is traded on the Nasdaq Global Market under the symbol “NWFL”.
Forward-Looking Statements
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Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.
| CONTACT: | John M. McCaffery |
| Executive Vice President and Chief Financial Officer | |
| NORWOOD FINANCIAL CORP | |
| (272) 304-3003 | |
| www.waynebank.com |
