Short Interest in Norwood Financial Corp. (NASDAQ:NWFL) Declines By 56.5%

Norwood Financial Corp. (NASDAQ:NWFL) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 97,706 shares, a decline of 56.5% from the January 15th total of 224,408 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 33,882 shares, the days-to-cover ratio is currently 2.9 days. Based on an average daily volume of 33,882 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Norwood Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Stephens set a $33.00 price objective on Norwood Financial and gave the company an “equal weight” rating in a report on Wednesday. Wall Street Zen raised Norwood Financial from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Norwood Financial in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.00.

Norwood Financial Stock Performance

Shares of NASDAQ:NWFL traded up $0.33 during trading hours on Friday, hitting $31.84. The stock had a trading volume of 13,026 shares, compared to its average volume of 40,076. The stock’s fifty day simple moving average is $29.19 and its 200 day simple moving average is $27.19. The firm has a market capitalization of $294.84 million, a price-to-earnings ratio of 10.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.90 and a current ratio of 0.90. Norwood Financial has a 1-year low of $21.25 and a 1-year high of $32.23.

Norwood Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, January 15th. Norwood Financial’s dividend payout ratio is 42.81%.

Insider Transactions at Norwood Financial

In other news, Director Joseph W. Carroll bought 4,000 shares of Norwood Financial stock in a transaction dated Wednesday, January 28th. The shares were acquired at an average cost of $28.13 per share, with a total value of $112,520.00. Following the completion of the transaction, the director owned 41,503 shares in the company, valued at approximately $1,167,479.39. This trade represents a 10.67% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Shook acquired 3,500 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was purchased at an average price of $28.80 per share, for a total transaction of $100,800.00. Following the acquisition, the director directly owned 8,330 shares in the company, valued at $239,904. This represents a 72.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 9,700 shares of company stock valued at $274,770. Insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NWFL. Osaic Holdings Inc. lifted its position in shares of Norwood Financial by 130.7% during the 2nd quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 601 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Norwood Financial by 293.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,321 shares during the period. BNP Paribas Financial Markets lifted its stake in Norwood Financial by 144.5% during the third quarter. BNP Paribas Financial Markets now owns 2,100 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,241 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Norwood Financial by 68.9% in the third quarter. Russell Investments Group Ltd. now owns 2,138 shares of the financial services provider’s stock worth $54,000 after buying an additional 872 shares during the period. Finally, Larson Financial Group LLC purchased a new position in shares of Norwood Financial in the fourth quarter worth approximately $114,000. Institutional investors own 28.08% of the company’s stock.

About Norwood Financial

Norwood Financial Corporation is the bank holding company for Norwood Bank, a community-oriented financial institution headquartered in Norwood, Massachusetts. Incorporated in 2010, the company oversees a network of branch offices serving suburban and metropolitan communities in eastern Massachusetts. Norwood Financial’s mission emphasizes personalized service, local decision-making and a commitment to supporting neighborhood growth.

The company’s primary business activities encompass a full suite of personal and commercial banking products and services.