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

by · The Markets Daily

Norwood Financial Corp. (NASDAQ:NWFL – Get Free Report) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 224,408 shares, a decline of 61.6% from the December 31st total of 584,575 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily volume of 46,163 shares, the short-interest ratio is presently 4.9 days. Based on an average daily volume of 46,163 shares, the short-interest ratio is presently 4.9 days. Approximately 2.6% of the shares of the company are short sold.

Insiders Place Their Bets

In related news, Director Joseph W. Carroll bought 4,000 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were acquired at an average price of $28.13 per share, for a total transaction of $112,520.00. Following the completion of the transaction, the director directly owned 41,503 shares in the company, valued at $1,167,479.39. This trade represents a 10.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Shook acquired 3,500 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was bought at an average price of $28.80 per share, for a total transaction of $100,800.00. Following the completion of the acquisition, the director owned 8,330 shares in the company, valued at approximately $239,904. The trade was a 72.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 9,850 shares of company stock valued at $278,735 over the last 90 days. 9.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Norwood Financial

A number of large investors have recently bought and sold shares of NWFL. Osaic Holdings Inc. raised its holdings in shares of Norwood Financial by 130.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,061 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 601 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Norwood Financial by 293.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,771 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,321 shares in the last quarter. BNP Paribas Financial Markets lifted its position 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 purchasing an additional 1,241 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Norwood Financial by 68.9% in the 3rd 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Norwood Financial by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 765 shares during the last quarter. 28.08% of the stock is currently owned by institutional investors and hedge funds.

Norwood Financial Stock Up 4.9%

NASDAQ:NWFL traded up $1.37 during trading hours on Thursday, reaching $29.43. 35,500 shares of the stock were exchanged, compared to its average volume of 36,809. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a 50 day moving average of $28.61 and a 200 day moving average of $26.73. The stock has a market cap of $272.52 million, a PE ratio of 9.84 and a beta of 0.61. Norwood Financial has a twelve month low of $21.25 and a twelve month high of $30.59.

Norwood Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be issued a $0.32 dividend. This is a boost from Norwood Financial’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, January 15th. This represents a $1.28 dividend on an annualized basis and a yield of 4.3%. Norwood Financial’s dividend payout ratio (DPR) is 42.81%.

Analysts Set New Price Targets

NWFL has been the subject of a number of analyst reports. Zacks Research cut Norwood Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Norwood Financial in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Norwood Financial from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.50.

Check Out Our Latest Analysis on Norwood Financial

About Norwood Financial

(Get Free Report)

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.

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