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

Norwood Financial Corp. (NASDAQ:NWFL) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 79,346 shares, a decline of 13.8% from the February 12th total of 92,083 shares. Approximately 0.9% of the company’s shares are short sold. 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. Approximately 0.9% of the company’s shares are short sold.

Norwood Financial Trading Down 1.0%

Shares of NWFL stock traded down $0.29 during mid-day trading on Tuesday, reaching $28.37. The company’s stock had a trading volume of 10,169 shares, compared to its average volume of 34,007. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $262.71 million, a PE ratio of 9.49 and a beta of 0.60. The company’s 50 day simple moving average is $29.53 and its 200-day simple moving average is $27.97. Norwood Financial has a 12-month low of $21.25 and a 12-month high of $32.23.

Wall Street Analysts Forecast Growth

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

Insider Activity at Norwood Financial

In other Norwood Financial news, Director Joseph W. Carroll purchased 4,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was bought at an average cost of $28.13 per share, for a total transaction of $112,520.00. Following the acquisition, the director owned 41,503 shares of the company’s stock, valued at approximately $1,167,479.39. The trade was a 10.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Shook purchased 3,500 shares of Norwood Financial stock in a transaction on Wednesday, January 28th. The shares were acquired at an average cost of $28.80 per share, for a total transaction of $100,800.00. Following the purchase, the director owned 8,330 shares in the company, valued at approximately $239,904. This trade represents a 72.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 9,700 shares of company stock valued at $274,770 over the last ninety days. 8.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in shares of Norwood Financial by 40.1% in the fourth quarter. Wellington Management Group LLP now owns 888,812 shares of the financial services provider’s stock worth $24,931,000 after buying an additional 254,259 shares during the period. Geode Capital Management LLC lifted its position in Norwood Financial by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 201,858 shares of the financial services provider’s stock worth $5,205,000 after acquiring an additional 6,238 shares in the last quarter. Cornerstone Wealth Group LLC purchased a new position in Norwood Financial in the 3rd quarter worth approximately $4,679,000. Dimensional Fund Advisors LP boosted its holdings in Norwood Financial by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 134,660 shares of the financial services provider’s stock worth $3,777,000 after acquiring an additional 1,351 shares during the period. Finally, State Street Corp grew its position in Norwood Financial by 9.3% in the fourth quarter. State Street Corp now owns 133,907 shares of the financial services provider’s stock valued at $3,756,000 after acquiring an additional 11,402 shares in the last quarter. 28.08% of the stock is owned by hedge funds and other institutional investors.

Norwood Financial Company Profile

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.