Short Interest in Norwood Financial Corp. (NASDAQ:NWFL) Expands By 100.5%

Key Points

• Short interest in Norwood Financial Corp. increased by 100.5% in July, reaching a total of 150,800 shares as of July 15th.
• The company reported a quarterly earnings per share of $0.67, exceeding analyst expectations of $0.64, with revenue totaling $21.20 million.
• Norwood Financial declared a quarterly dividend of $0.31 per share, representing a dividend yield of 5.2% and a payout ratio of 516.67%.

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 150,800 shares, anincreaseof100.5% from the June 30th total of 75,200 shares. Based on an average daily trading volume, of 20,400 shares, the short-interest ratio is currently 7.4 days. Based on an average daily trading volume, of 20,400 shares, the short-interest ratio is currently 7.4 days.

Norwood Financial Price Performance

Shares of NASDAQ NWFL opened at $24.02 on Tuesday. The firm's 50-day moving average price is $25.36 and its 200-day moving average price is $25.16. Norwood Financial has a 1-year low of $21.25 and a 1-year high of $34.50. The firm has a market capitalization of $222.43 million, a P/E ratio of 100.09 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.54.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. Norwood Financial had a net margin of 2.92% and a return on equity of 9.02%. The firm had revenue of $21.20 million for the quarter, compared to analyst estimates of $21.16 million. Equities research analysts anticipate that Norwood Financial will post 2.51 earnings per share for the current fiscal year.

Norwood Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 15th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Tuesday, July 15th. Norwood Financial's dividend payout ratio is currently 516.67%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NWFL. Wall Street Zen lowered shares of Norwood Financial from a "buy" rating to a "hold" rating in a report on Saturday. Stephens restated an "equal weight" rating and issued a $26.50 target price on shares of Norwood Financial in a report on Tuesday, July 8th.

Institutional Investors Weigh In On Norwood Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in shares of Norwood Financial by 2.1% in the 1st quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider's stock worth $15,248,000 after acquiring an additional 12,815 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Norwood Financial in the 4th quarter worth about $4,840,000. Geode Capital Management LLC raised its holdings in shares of Norwood Financial by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 166,450 shares of the financial services provider's stock worth $4,529,000 after acquiring an additional 811 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Norwood Financial by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock worth $2,905,000 after acquiring an additional 3,017 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in shares of Norwood Financial in the 4th quarter worth about $2,092,000. Institutional investors and hedge funds own 28.08% of the company's stock.

Norwood Financial Company Profile

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.

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