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

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) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 150,800 shares, agrowthof100.5% from the June 30th total of 75,200 shares. Based on an average daily trading volume, of 20,400 shares, the days-to-cover ratio is currently 7.4 days. Based on an average daily trading volume, of 20,400 shares, the days-to-cover ratio is currently 7.4 days.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Norwood Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Stephens reiterated an "equal weight" rating and issued a $26.50 price objective on shares of Norwood Financial in a report on Tuesday, July 8th.

Norwood Financial Stock Performance

Shares of Norwood Financial stock traded up $0.25 during trading hours on Friday, reaching $24.18. 10,718 shares of the stock traded hands, compared to its average volume of 19,356. The company has a 50 day moving average price of $25.20 and a 200 day moving average price of $25.12. The firm has a market capitalization of $223.91 million, a price-to-earnings ratio of 100.75 and a beta of 0.69. Norwood Financial has a one year low of $21.25 and a one year high of $34.50. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.54.

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

Norwood Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 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 5.1%. The ex-dividend date was Tuesday, July 15th. Norwood Financial's payout ratio is currently 516.67%.

Institutional Investors Weigh In On Norwood Financial

A number of large investors have recently made changes to their positions in NWFL. Wellington Management Group LLP lifted its position in shares of Norwood Financial by 2.1% during the 1st quarter. Wellington Management Group LLP now owns 630,867 shares of the financial services provider's stock valued at $15,248,000 after buying an additional 12,815 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 valued at $5,205,000 after buying an additional 6,238 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Norwood Financial during the 4th quarter valued at about $4,840,000. Dimensional Fund Advisors LP lifted its position in shares of Norwood Financial by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 106,786 shares of the financial services provider's stock valued at $2,905,000 after buying an additional 3,017 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new position in shares of Norwood Financial during the 4th quarter valued at about $2,092,000. 28.08% of the stock is currently owned by institutional investors.

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.