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Why Did The NWFL Stock Rise In Last Session?

There were more than 37229.00 Norwood Financial Corp. (NASDAQ: NWFL) shares traded on Tuesday, and with a closing price of $27.84 on the day, the dollar volume was approximately $10.36M.

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The price of Norwood Financial stock on 03/30/21 gained nearly 7.82% as well as showing a positive weekly performance of 5.86%. There are currently 8.18 million shares of NWFL stock held by the public and among those 7.85 million shares are active. After announcing a stock repurchase program, the NWFL stock took off.

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Stock Repurchase Program:

Norwood Financial operates as a Holding Company for Wayne Bank, offering various products and services to its clients. NWFL operates through Wayne Bank in Pennsylvania and New York. At the end of 2020, the NWFL’s assets were 1.852 billion dollars, its loans outstanding were 1.411 billion dollars, its deposits were 1.535 billion dollars and its stockholders’ equity stood at 194.8 million dollars.

Yesterday, Norwood Financial announced it will begin repurchasing stock through a stock repurchase program.

Will the program benefit NWFL?

Repurchases of common stock by Norwood Financial (NWFL) at appropriate levels are proper to use of its capital which could enhance shareholder value by increasing returns on equity and net income per share in NWFL

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