Norwood Financial Cp (NASDAQ:NWFL) Sees Heavy Trading Volume with 16K Shares Changing Hands


Trading was heavy with 16K shares changing hands by the end of trading on Tuesday. Trading volume was up 103.59% over the stocks average daily volume.

Investors are more bullish recently as implied by the change in short interest. The company realized a fall in short interest of -5.43% as of October 13, 2017 from the last reporting period. Short shares fell 7,765 over that timeframe. The days to cover increased to 15.0 and the percentage of shorted shares is 0.02% as of October 13.

Additionally, here are a few investment firms who have increased or decreased their stake in (NWFL). Vanguard Group Inc augmented its stake by buying 1,699 shares an increase of 43.2%. Vanguard Group Inc now controls 5,634 shares valued at $172,000. The total value of its holdings increased 3.6%. Ladenburg Thalmann Financial Services Inc. bolstered its investment by buying 3,714 shares an increase of 50.0% in the quarter. Ladenburg Thalmann Financial Services Inc. currently owns 11,143 shares worth $340,000. The value of the position overall is up by 8.3%.

Bridgeway Capital Management Inc added to its position by buying 4,824 shares an increase of 50.8% from 06/30/2017 to 09/30/2017. Bridgeway Capital Management Inc controls 14,324 shares with a value of $437,000. The value of the position overall is up by 9.0%. As of the end of the quarter State Street Corp had bought 37,475 shares growing its stake by 94.0%. The value of the total investment in Norwood Financial Cp went from $1,683,000 to $2,360,000 a change of $677,000 quarter to quarter.

In the market the company is trading down by 0.23% since yesterday’s close of 30.07. Norwood Financial Cp currently has a P/E ratio of 18.10 and the market value is 187.05M. In the last earnings report the EPS was $1.66 with 6.23M shares outstanding.

Norwood Financial Corp., launched on November 15, 1995, is a bank holding company. The Company operates through its subsidiary, Wayne Bank (the Bank). The Bank is a chartered bank and trust company. The Bank is an independent community bank that operates over five offices in the Wayne County, approximately three offices in Pike County, four offices in Monroe County and over three offices in Lackawanna County. The Bank offers various personal and business credit services, trust and investment products, and real estate settlement services to the consumers, businesses, nonprofit organizations and municipalities in each of the communities that the Bank serves. The Bank primarily serves the Pennsylvania counties of Wayne, Pike, Monroe and Lackawanna, as well as the Susquehanna County. In addition, the Bank operates approximately 20 automated teller machines (ATMs), each one located at a branch facility. The Bank operates a Wealth Management/Trust Department, which provides estate planning, investment management and financial planning to customers..