NORWOOD FINANCIAL CORP NWFL
COM · Common Stock · CUSIP 669549107
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersHonesdale, PA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($66.1k this quarter). Holder counts are more reliable. Shares outstanding: 10.9m as of 2026-08-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $32.15.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 38 |
| Q4 2022 | 46 |
| Q1 2023 | 48 |
| Q2 2023 | 52 |
| Q3 2023 | 55 |
| Q4 2023 | 56 |
| Q1 2024 | 57 |
| Q2 2024 | 54 |
| Q3 2024 | 60 |
| Q4 2024 | 69 |
| Q1 2025 | 76 |
| Q2 2025 | 77 |
| Q3 2025 | 86 |
| Q4 2025 | 96 |
| Q1 2026 | 107 |
| Q2 2026 | 111 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 30 | 15 |
| Q4 2024 | 32 | 23 |
| Q1 2025 | 33 | 24 |
| Q2 2025 | 36 | 27 |
| Q3 2025 | 43 | 27 |
| Q4 2025 | 50 | 27 |
| Q1 2026 | 61 | 27 |
| Q2 2026 | 62 | 29 |
Biggest buyers
| BlackRock, Inc. | Added | +115.7k |
| Cetera Investment Advisers | Added | +33.4k |
| Qube Research & Technologies Ltd | Added | +26.7k |
| MARSHALL WACE, LLP | Added | +24.6k |
| CITADEL ADVISORS LLC | Added | +24.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +20.7k |
| MARTINGALE ASSET MANAGEMENT L P | Added | +17.4k |
| STATE STREET CORP | Added | +14.3k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +13.7k |
| AQR CAPITAL MANAGEMENT LLC | Added | +12.8k |
Biggest sellers
| UBS Group AG | Reduced | -213.9k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -183.3k |
| EMERALD MUTUAL FUND ADVISERS TRUST | Sold out | -25.0k |
| Squarepoint Ops LLC | Reduced | -10.5k |
| MORGAN STANLEY | Reduced | -9.6k |
| Gateway Wealth Partners, LLC | Reduced | -8.8k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -8.4k |
| EMERALD ADVISERS, LLC | Sold out | -4.5k |
| Larson Financial Group LLC | Sold out | -4.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -2.9k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| WELLINGTON MANAGEMENT GROUP LLP 13G · institution -1.7 pts · filed 2026-08-13 | 5.2% |
Fell to 5% or below in the last year: Bay Pond Partners, L.P. (5.0%, 2026-02-10)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 3 | $270.0k | 0 | — | — |
| Q1 2025 | 1 | $501.3k | 0 | — | — |
| Q2 2025 | 3 | $26.8k | 0 | — | — |
| Q3 2025 | 4 | $43.7k | 0 | — | — |
| Q4 2025 | 2 | $105.4k | 0 | — | — |
| Q1 2026 | 3 | $274.8k | 0 | — | — |
| Q2 2026 | 6 | $97.5k | 0 | — | — |
| Q3 2026 | 1 | $107.1k | 1 | $103.6k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-02 | O'Bell Vincent EVP & Chief Lending Officer | Sold | $103.6k3.0k shares |
| 2026-07-28 | Shook James Director | Bought | $107.1k3.1k shares |
| 2026-05-26 | Schmalzle Ronald R Director · IRA | Bought | $21.1k700 shares |
| 2026-05-12 | FORTE ANDREW Director | Bought | $8.0k270 shares |
| 2026-05-05 | Carroll Joseph W Director | Bought | $11.1k376 shares |
| 2026-05-05 | Carroll Joseph W Director · By Sposue IRA | Bought | $5.8k196 shares |
| 2026-05-05 | Carroll Joseph W Director | Bought | $2.9k100 shares |
| 2026-05-01 | Carroll Joseph W Director · By IRA | Bought | $5.3k180 shares |
| 2026-04-30 | McCaffery John Martin JR EVP & CFO · IRA | Bought | $29.4k1.0k shares |
| 2026-04-30 | Shook James Director | Bought | $10.9k375 shares |
| 2026-04-29 | Donnelly James O President & CEO, director · By IRA | Bought | $2.9k100 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 776.4k $25.0m | Added +115.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 567.5k $18.2m | Reduced -183.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 441.8k $14.2m | Added +13.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 258.2k $8.3m | Added +20.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 174.3k $5.6m | Reduced -783 |
| Bulldog Investors, LLP 1.20% of their portfolio | 170.0k $5.5m | Unchanged |
| Cornerstone Wealth Group, LLC 0.32% of their portfolio | 166.6k $5.4m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 166.0k $5.3m | Added +10.1k |
| STATE STREET CORP 0.00% of their portfolio | 155.9k $5.0m | Added +14.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 97.9k $3.1m | Reduced -447 |
| Cetera Investment Advisers 0.00% of their portfolio | 95.3k $3.1m | Added +33.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 81.2k $2.6m | Added +1.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 69.1k $2.2m | Added +11.8k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 65.7k $2.1m | Added +24.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 65.6k $2.1m | Added +31 |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 64.9k $2.1m | Reduced -1.9k |
| SEGALL BRYANT & HAMILL, LLC 0.02% of their portfolio | 59.6k $1.9m | Added +3.9k |
| Stonebridge Financial Group, LLC 0.14% of their portfolio | 57.3k $1.8m | Added +33 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 46.7k $1.5m | Reduced -2.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 40.1k $1.3m | Added +1.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 39.8k $1.3m | Added +6.6k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 37.9k $1.2m | Added +26.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 34.4k $1.1m | Added +24.6k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 33.9k $1.1m | Reduced -2.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 32.1k $1.0m | Added +3.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 32.1k $1.0m | Added +12.8k |
| MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio | 30.5k $980.4k | Added +17.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 29.3k $940.7k | Reduced -1.8k |
| Minerva Advisors LLC 0.58% of their portfolio | 28.6k $918.8k | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 26.0k $836.0k | Reduced -10.5k |
| UBS Group AG 0.00% of their portfolio | 25.8k $828.1k | Reduced -213.9k |
| MORGAN STANLEY 0.00% of their portfolio | 25.7k $827.7k | Reduced -9.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 23.7k $763.2k | Added +5.3k |
| EAGLE WEALTH STRATEGIES LLC 0.29% of their portfolio | 23.5k $756.4k | Unchanged |
| BAILARD, INC. 0.01% of their portfolio | 22.7k $730.6k | Added +7.3k |
| RAFFLES ASSOCIATES LP 0.31% of their portfolio | 21.9k $704.0k | Added +9.4k |
| Quadrature Capital Ltd 0.01% of their portfolio | 19.1k $615.4k | Added +9.9k |
| Strategic Financial Services, Inc. 0.03% of their portfolio | 18.0k $577.8k | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 16.9k $543.4k | Added +3.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 14.9k $475.0k | Added +5.2k |
| JOHN G ULLMAN & ASSOCIATES INC 0.06% of their portfolio | 14.6k $469.4k | Reduced -200 |
| Alliance Wealth Advisors, LLC 0.18% of their portfolio | 14.4k $461.8k | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 13.9k $446.7k | Added +1.4k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 13.3k $428.1k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 12.6k $406.0k | New |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 10.3k $330.4k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 10.1k $323.3k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 10.1k $323.2k | Added +4.5k |
| Invesco Ltd. 0.00% of their portfolio | 9.9k $319.0k | Added +2.0k |
| SG Americas Securities, LLC 0.00% of their portfolio | 9.4k $303.0k | Added +6.0k |
| De Lisle Partners LLP 0.03% of their portfolio | 8.9k $286.4k | Added +94 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 8.8k $283.7k | Added +5.1k |
| Gateway Wealth Partners, LLC 0.02% of their portfolio | 8.8k $283.3k | Reduced -8.8k |
| XTX Topco Ltd 0.00% of their portfolio | 8.6k $277.1k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 8.5k $274.3k | Added +1.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 8.5k $272.0k | Added +1.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 7.5k $239.9k | Added +5.4k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 7.0k $226.0k | Reduced -2.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 6.9k $221.0k | Added +644 |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.00% of their portfolio | 6.7k $216.7k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 6.6k $205.9k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 6.2k $198.0k | Added +1.1k |
| Community Bank, N.A. 0.02% of their portfolio | 5.5k $176.7k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 5.1k $164.6k | Added +1.1k |
| CITIGROUP INC 0.00% of their portfolio | 5.0k $159.9k | Added +4.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 4.7k $152.4k | Added +35 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 4.7k $150.8k | Added +2.8k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 3.8k $123.2k | Unchanged |
| PEOPLES FINANCIAL SERVICES CORP. 0.05% of their portfolio | 3.6k $114.3k | Reduced -425 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 3.3k $104.8k | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 2.9k $91.8k | Unchanged |
| Bangor Savings Bank 0.01% of their portfolio | 2.2k $72.2k | Added +24 |
| BARCLAYS PLC 0.00% of their portfolio | 2.1k $66.5k | Reduced -55 |
| NBT BANK, N.A. 0.00% of their portfolio | 2.0k $64.7k | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 1.2k $38.0k | Reduced -89 |
| Legal & General Group Plc 0.00% of their portfolio | 1.0k $32.9k | Added +223 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 960 $30.9k | Unchanged |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 934 $30.0k | Added +325 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 833 $26.8k | Reduced -445 |
| Arax Advisory Partners 0.00% of their portfolio | 799 $25.7k | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 737 $23.7k | Unchanged |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 621 $19.0k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 551 $17.7k | New |
| COMPASS FINANCIAL MANAGEMENT LLC 0.00% of their portfolio | 541 $17.4k | First filing |
| Triumph Capital Management 0.00% of their portfolio | 500 $16.1k | Unchanged |
| Stone House Investment Management, LLC 0.00% of their portfolio | 379 $12.2k | Unchanged |
| FMR LLC 0.00% of their portfolio | 280 $9.0k | Added +33 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 223 $7.2k | New |
| Sterling Capital Management LLC 0.00% of their portfolio | 207 $6.7k | Reduced -101 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 139 $4.5k | Reduced -403 |
| HARBOR CAPITAL ADVISORS, INC. 0.00% of their portfolio | 106 $3.0k | Unchanged |
| Optiver Holding B.V. 0.00% of their portfolio | 104 $3.3k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 94 $3.0k | Added +67 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 87 $2.8k | Unchanged |
| GAMMA Investing LLC 0.00% of their portfolio | 85 $2.7k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 56 $1.8k | First filing |
| Essential Partners LLC 0.00% of their portfolio | 48 $1.5k | Reduced -81 |
| Strive Financial Group ,LLC 0.00% of their portfolio | 40 $1.3k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 39 $1.3k | Added +36 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 37 $1.2k | Added +1 |