Norwood Financial Corp. (NASDAQ:NWFL) Short Interest Update

Norwood Financial Corp. (NASDAQ:NWFL) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 391,400 shares, a growth of 37.0% from the September 30th total of 285,700 shares. Approximately 4.6% of the shares of the stock are sold short. Based on an average trading volume of 21,900 shares, the short-interest ratio is presently 17.9 days. Based on an average trading volume of 21,900 shares, the short-interest ratio is presently 17.9 days. Approximately 4.6% of the shares of the stock are sold short.

Insiders Place Their Bets

In other news, Director James Shook acquired 3,800 shares of Norwood Financial stock in a transaction that occurred on Monday, October 27th. The shares were acquired at an average price of $26.71 per share, for a total transaction of $101,498.00. Following the transaction, the director directly owned 4,830 shares of the company’s stock, valued at approximately $129,009.30. The trade was a 368.93% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Norwood Financial

Large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its stake in shares of Norwood Financial by 130.7% in the second quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 601 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Norwood Financial by 293.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,321 shares during the last quarter. Corebridge Financial Inc. lifted its holdings in shares of Norwood Financial by 13.0% during the first quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Norwood Financial by 18.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 765 shares during the last quarter. Finally, Alliance Wealth Advisors LLC purchased a new position in Norwood Financial in the 3rd quarter worth approximately $289,000. Hedge funds and other institutional investors own 28.08% of the company’s stock.

Norwood Financial Stock Performance

Shares of Norwood Financial stock traded up $0.01 during trading hours on Monday, reaching $26.62. The company had a trading volume of 39,685 shares, compared to its average volume of 20,901. Norwood Financial has a one year low of $21.25 and a one year high of $34.50. The business has a fifty day simple moving average of $26.05 and a 200 day simple moving average of $25.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $246.55 million, a PE ratio of 40.95 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.26. Norwood Financial had a return on equity of 10.86% and a net margin of 6.82%.The company had revenue of $22.10 million for the quarter, compared to the consensus estimate of $22.10 million. During the same quarter last year, the business posted $0.48 earnings per share. On average, analysts anticipate that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.7%. Norwood Financial’s dividend payout ratio (DPR) is presently 190.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NWFL shares. Stephens reiterated an “equal weight” rating and issued a $26.50 price target on shares of Norwood Financial in a research report on Tuesday, July 8th. Weiss Ratings downgraded Norwood Financial from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Zacks Research raised Norwood Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised Norwood Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Norwood Financial currently has an average rating of “Hold” and an average price target of $28.50.

About Norwood Financial

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest-bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits.