Finward Bancorp (NASDAQ:FNWD) Sees Significant Increase in Short Interest

Finward Bancorp (NASDAQ:FNWD) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 4,000 shares, a growth of 8.1% from the December 15th total of 3,700 shares. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.1% of the company’s shares are short sold.

Finward Bancorp Stock Performance

NASDAQ:FNWD opened at $27.01 on Tuesday. The company has a market capitalization of $116.41 million, a PE ratio of 10.04 and a beta of 0.54. The company has a 50 day simple moving average of $29.73 and a two-hundred day simple moving average of $29.27. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. Finward Bancorp has a fifty-two week low of $22.82 and a fifty-two week high of $33.50.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $14.87 million for the quarter. Finward Bancorp had a return on equity of 7.60% and a net margin of 10.44%. Research analysts anticipate that Finward Bancorp will post 0.08 earnings per share for the current year.

Finward Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Tuesday, January 21st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, January 21st. Finward Bancorp’s payout ratio is currently 17.84%.

Institutional Trading of Finward Bancorp

A hedge fund recently bought a new stake in Finward Bancorp stock. Dimensional Fund Advisors LP purchased a new stake in Finward Bancorp (NASDAQ:FNWD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,402 shares of the company’s stock, valued at approximately $329,000. Dimensional Fund Advisors LP owned 0.31% of Finward Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 26.59% of the company’s stock.

About Finward Bancorp

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company’s deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans.