Norwood Financial Corp. (NASDAQ:NWFL) Sees Large Decrease in Short Interest

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 30,200 shares, a decrease of 54.8% from the January 15th total of 66,800 shares. Based on an average daily trading volume, of 14,900 shares, the short-interest ratio is presently 2.0 days. Approximately 0.4% of the shares of the company are short sold.

Norwood Financial Stock Down 0.3 %

NASDAQ:NWFL traded down $0.09 on Monday, hitting $25.93. 5,119 shares of the company's stock traded hands, compared to its average volume of 13,145. The company has a market cap of $209.77 million, a PE ratio of 2,593.00 and a beta of 0.61. Norwood Financial has a 1 year low of $23.50 and a 1 year high of $34.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $26.93 and a 200-day moving average price of $27.71.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last issued its earnings results on Monday, February 3rd. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.17). Norwood Financial had a negative net margin of 0.16% and a positive return on equity of 8.38%. Equities analysts anticipate that Norwood Financial will post 2.51 EPS for the current fiscal year.

Norwood Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Wednesday, January 15th. This is a positive change from Norwood Financial's previous quarterly dividend of $0.30. Norwood Financial's payout ratio is presently 12,400.00%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NWFL. StockNews.com upgraded shares of Norwood Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. Janney Montgomery Scott initiated coverage on shares of Norwood Financial in a research note on Thursday, January 2nd. They set a "buy" rating and a $31.00 price objective on the stock. Finally, Piper Sandler initiated coverage on Norwood Financial in a research report on Wednesday, January 8th. They issued a "neutral" rating and a $28.00 target price for the company.

Insider Activity at Norwood Financial

In other news, Director Ronald R. Schmalzle purchased 2,000 shares of Norwood Financial stock in a transaction dated Thursday, January 30th. The stock was bought at an average price of $26.00 per share, with a total value of $52,000.00. Following the completion of the acquisition, the director now owns 17,621 shares in the company, valued at $458,146. The trade was a 12.80 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 12,255 shares of company stock valued at $319,732 in the last quarter. Insiders own 9.10% of the company's stock.

Institutional Trading of Norwood Financial

A number of institutional investors and hedge funds have recently made changes to their positions in NWFL. Signature Estate & Investment Advisors LLC bought a new stake in shares of Norwood Financial in the third quarter valued at approximately $200,000. Charles Schwab Investment Management Inc. boosted its holdings in Norwood Financial by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider's stock valued at $566,000 after purchasing an additional 600 shares during the period. State Street Corp grew its position in Norwood Financial by 2.5% in the 3rd quarter. State Street Corp now owns 99,889 shares of the financial services provider's stock worth $2,755,000 after purchasing an additional 2,402 shares during the last quarter. Barclays PLC increased its holdings in shares of Norwood Financial by 280.5% during the 3rd quarter. Barclays PLC now owns 9,787 shares of the financial services provider's stock worth $270,000 after purchasing an additional 7,215 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Norwood Financial by 250.5% during the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider's stock valued at $384,000 after buying an additional 9,950 shares during the last quarter. Institutional investors and hedge funds own 28.08% of the company's stock.

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.