Norwood Financial Corp. (NASDAQ:NWFL) Short Interest Down 53.5% in April

Norwood Financial Corp. (NASDAQ:NWFLGet Rating) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 8,000 shares, a decline of 53.5% from the April 15th total of 17,200 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,300 shares, the short-interest ratio is currently 1.9 days.

Several large investors have recently added to or reduced their stakes in the company. Norwood Financial Corp bought a new stake in shares of Norwood Financial in the 4th quarter valued at $10,146,000. Dimensional Fund Advisors LP increased its stake in shares of Norwood Financial by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,111 shares of the financial services provider’s stock valued at $2,691,000 after acquiring an additional 902 shares in the last quarter. Renaissance Technologies LLC increased its stake in Norwood Financial by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 76,125 shares of the financial services provider’s stock valued at $1,978,000 after purchasing an additional 1,800 shares in the last quarter. Geode Capital Management LLC increased its stake in Norwood Financial by 10.0% during the 3rd quarter. Geode Capital Management LLC now owns 65,753 shares of the financial services provider’s stock valued at $1,690,000 after purchasing an additional 5,961 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Norwood Financial by 148.2% during the 4th quarter. JPMorgan Chase & Co. now owns 61,563 shares of the financial services provider’s stock valued at $1,600,000 after purchasing an additional 36,761 shares in the last quarter. Institutional investors own 16.89% of the company’s stock.

Shares of NASDAQ:NWFL traded up $1.34 during mid-day trading on Friday, hitting $26.43. The company had a trading volume of 8,014 shares, compared to its average volume of 8,184. The firm has a fifty day moving average price of $28.04 and a 200 day moving average price of $27.47. The company has a market capitalization of $216.73 million, a PE ratio of 8.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.83 and a quick ratio of 0.85. Norwood Financial has a one year low of $24.41 and a one year high of $29.00.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $1.12 annualized dividend and a dividend yield of 4.24%. Norwood Financial’s dividend payout ratio is currently 34.67%.

Separately, StockNews.com assumed coverage on shares of Norwood Financial in a research report on Friday. They issued a “buy” rating on the stock.

About Norwood Financial (Get Rating)

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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