Finward Bancorp (NASDAQ:FNWD) Short Interest Update

Finward Bancorp (NASDAQ:FNWD) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,800 shares, an increase of 8.6% from the October 15th total of 3,500 shares. Based on an average daily trading volume, of 3,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Finward Bancorp

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Finward Bancorp by 3.4% during the first quarter. Vanguard Group Inc. now owns 159,750 shares of the company’s stock worth $3,930,000 after purchasing an additional 5,206 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Finward Bancorp by 7.9% during the third quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock worth $1,237,000 after purchasing an additional 2,825 shares in the last quarter. Black Maple Capital Management LP acquired a new position in shares of Finward Bancorp during the first quarter worth $612,000. Dimensional Fund Advisors LP acquired a new position in shares of Finward Bancorp during the second quarter worth $329,000. Finally, Global Financial Private Client LLC acquired a new position in shares of Finward Bancorp during the first quarter worth $26,000. 26.59% of the stock is owned by institutional investors and hedge funds.

Finward Bancorp Stock Down 0.3 %

Shares of NASDAQ:FNWD traded down $0.11 during trading hours on Friday, hitting $31.40. The company’s stock had a trading volume of 1,511 shares, compared to its average volume of 1,926. Finward Bancorp has a 52 week low of $20.00 and a 52 week high of $33.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $135.33 million, a price-to-earnings ratio of 11.67 and a beta of 0.53. The firm’s fifty day moving average price is $30.98 and its 200 day moving average price is $27.62.

Finward Bancorp (NASDAQ:FNWD) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Finward Bancorp had a net margin of 10.44% and a return on equity of 7.73%. The business had revenue of $14.87 million during the quarter. As a group, research analysts expect that Finward Bancorp will post 0.08 EPS for the current year.

Finward Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were given a dividend of $0.12 per share. The ex-dividend date was Friday, October 18th. This represents a $0.48 dividend on an annualized basis and a yield of 1.53%. Finward Bancorp’s payout ratio is 17.84%.

Analyst Ratings Changes

Separately, Hovde Group raised shares of Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Friday, September 6th.

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.