Norwood Financial Corp. (NASDAQ:NWFL) Short Interest Down 13.8% in February

Norwood Financial Corp. (NASDAQ:NWFL) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 79,346 shares, a decrease of 13.8% from the February 12th total of 92,083 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 25,561 shares, the short-interest ratio is currently 3.1 days. Based on an average trading volume of 25,561 shares, the short-interest ratio is currently 3.1 days. Currently, 0.9% of the shares of the company are sold short.

Norwood Financial Price Performance

NWFL stock traded down $0.29 on Tuesday, reaching $28.37. The company had a trading volume of 10,169 shares, compared to its average volume of 34,007. The company’s fifty day moving average is $29.53 and its 200 day moving average is $27.97. The company has a market cap of $262.71 million, a P/E ratio of 9.49 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.

Insider Buying and Selling at Norwood Financial

In other Norwood Financial news, Director Joseph W. Carroll acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were purchased at an average price of $28.13 per share, for a total transaction of $112,520.00. Following the completion of the purchase, the director directly owned 41,503 shares of the company’s stock, valued at $1,167,479.39. The trade was a 10.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Shook bought 3,500 shares of Norwood Financial stock in a transaction that occurred on Wednesday, January 28th. The shares were acquired at an average cost of $28.80 per share, with a total value of $100,800.00. Following the acquisition, the director owned 8,330 shares of the company’s stock, valued at $239,904. The trade was a 72.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 9,700 shares of company stock worth $274,770 over the last ninety days. Insiders own 8.20% of the company’s stock.

Institutional Trading of Norwood Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in Norwood Financial by 40.1% in the 4th quarter. Wellington Management Group LLP now owns 888,812 shares of the financial services provider’s stock valued at $24,931,000 after purchasing an additional 254,259 shares during the last quarter. Cornerstone Wealth Group LLC purchased a new stake in shares of Norwood Financial during the third quarter worth about $4,679,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Norwood Financial during the fourth quarter worth about $1,567,000. Bulldog Investors LLP raised its position in shares of Norwood Financial by 587.4% in the fourth quarter. Bulldog Investors LLP now owns 64,145 shares of the financial services provider’s stock valued at $1,799,000 after buying an additional 54,814 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Norwood Financial in the second quarter valued at approximately $648,000. Hedge funds and other institutional investors own 28.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NWFL. Weiss Ratings restated a “hold (c)” rating on shares of Norwood Financial in a research note on Monday, December 29th. Stephens set a $33.00 price target on Norwood Financial and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. Wall Street Zen raised Norwood Financial from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Zacks Research lowered Norwood Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.00.

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.