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

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

Analysts Set New Price Targets

Several brokerages recently weighed in on NWFL. Zacks Research raised shares of Norwood Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Weiss Ratings downgraded shares of Norwood Financial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Wall Street Zen raised shares of Norwood Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 28th. Finally, Stephens reissued an “equal weight” rating and issued a $26.50 price objective on shares of Norwood Financial in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.50.

Norwood Financial Stock Up 0.0%

NASDAQ NWFL traded up $0.01 on Monday, hitting $26.62. The stock had a trading volume of 39,685 shares, compared to its average volume of 20,901. The business’s fifty day moving average price is $26.05 and its 200 day moving average price is $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. Norwood Financial has a 52-week low of $21.25 and a 52-week high of $34.50. The stock has a market cap of $246.55 million, a price-to-earnings ratio of 40.95 and a beta of 0.69.

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

Norwood Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.7%. Norwood Financial’s payout ratio is 190.77%.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised 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 worth $27,000 after purchasing an additional 601 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Norwood Financial by 293.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,321 shares during the last quarter. Corebridge Financial Inc. raised its holdings in Norwood Financial by 13.0% in the 1st quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 valued at $119,000 after buying an additional 765 shares during the period. Finally, Alliance Wealth Advisors LLC purchased a new stake in shares of Norwood Financial in the 3rd quarter valued at approximately $289,000. 28.08% of the stock is currently owned by institutional investors and hedge funds.

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.