Procore signs multi-year strategic collaboration agreement with AWS
HONESDALE, PA—John Martin McCaffery Jr., Executive Vice President and Chief Financial Officer of Norwood Financial Corp (NASDAQ:NWFL), recently purchased 500 shares of the company’s common stock. The transaction, dated April 30, 2025, was executed at a price of $24.995 per share, totaling approximately $12,497. The purchase comes as the $242 million market cap company trades at a P/E ratio of 188, according to InvestingPro data.
Following this acquisition, McCaffery’s indirect ownership in Norwood Financial increased to 2,500 shares held in an IRA. This purchase adds to his direct ownership of 1,000 shares and additional restricted stock holdings, which include awards set to vest in the coming years. InvestingPro analysis shows the stock currently trading near its Fair Value, with analysts expecting earnings growth this year.
These transactions reflect McCaffery’s continued investment in Norwood Financial, a company known for its commitment to providing community banking services in Pennsylvania and New York. The bank maintains a healthy 4.79% dividend yield and has raised its dividend for 27 consecutive years, according to InvestingPro data.
In other recent news, Norwood Financial Corp, the parent company of Wayne Bank, announced the results of its annual stockholders’ meeting. The company reported that all nominated directors were elected, and the appointment of their independent auditors, S.R. Snodgrass, P.C., was ratified with a significant majority. Dr. Andrew A. Forte received 5,198,664 votes in favor, Ralph A. Matergia garnered 3,309,630 votes, and Alexandra K. Nolan had 5,158,906 votes supporting her election. Additionally, the proposal to appoint the independent auditors passed with 6,925,953 votes for and 41,637 against, along with 305,356 abstentions. The meeting results highlight shareholder confidence in the board members and the auditors. These developments were disclosed in a press release and a Form 8-K filed with the Securities and Exchange Commission. This ensures transparency and adherence to corporate governance standards.
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