Norwood Financial Corp. (NASDAQ:NWFL) Sees Significant Growth in Short Interest

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 82,100 shares, a growth of 26.3% from the April 30th total of 65,000 shares. Based on an average daily volume of 23,100 shares, the short-interest ratio is presently 3.6 days. Currently, 1.1% of the shares of the stock are sold short.

Norwood Financial Price Performance

Shares of NWFL traded down $0.74 during mid-day trading on Wednesday, hitting $25.41. 13,271 shares of the company traded hands, compared to its average volume of 14,902. 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 business has a 50-day moving average of $24.66 and a 200 day moving average of $26.16. Norwood Financial has a one year low of $21.25 and a one year high of $34.50. The stock has a market capitalization of $235.30 million, a price-to-earnings ratio of 2,541.00 and a beta of 0.69.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. The company had revenue of $20.20 million during the quarter, compared to the consensus estimate of $20.60 million. Norwood Financial had a positive return on equity of 8.38% and a negative net margin of 0.16%. As a group, equities analysts expect that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend was Tuesday, April 15th. Norwood Financial's dividend payout ratio (DPR) is 1,377.78%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NWFL. Wall Street Zen upgraded Norwood Financial from a "sell" rating to a "hold" rating in a research note on Saturday, May 10th. Stephens reissued an "equal weight" rating and set a $25.50 price objective on shares of Norwood Financial in a report on Monday, April 21st.

Institutional Trading of Norwood Financial

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Norwood Financial by 18.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,909 shares of the financial services provider's stock valued at $119,000 after purchasing an additional 765 shares during the last quarter. Corebridge Financial Inc. increased its stake in Norwood Financial by 13.0% in the first quarter. Corebridge Financial Inc. now owns 4,079 shares of the financial services provider's stock valued at $99,000 after purchasing an additional 468 shares in the last quarter. Wellington Management Group LLP raised its holdings in Norwood Financial by 2.1% in the first quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider's stock worth $15,248,000 after purchasing an additional 12,815 shares during the period. Nuveen LLC bought a new position in shares of Norwood Financial during the first quarter worth $319,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Norwood Financial by 12.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,165 shares of the financial services provider's stock valued at $560,000 after buying an additional 2,628 shares during the period. 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.