Finward Bancorp (NASDAQ:FNWD) Short Interest Up 8.1% in January

Finward Bancorp (NASDAQ:FNWD) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 4,000 shares, an increase of 8.1% from the December 31st total of 3,700 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Finward Bancorp

A hedge fund recently raised its stake in Finward Bancorp stock. Geode Capital Management LLC raised its position in shares of Finward Bancorp (NASDAQ:FNWD) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,662 shares of the company’s stock after acquiring an additional 2,825 shares during the period. Geode Capital Management LLC owned approximately 0.90% of Finward Bancorp worth $1,237,000 as of its most recent SEC filing. Institutional investors and hedge funds own 26.59% of the company’s stock.

Finward Bancorp Stock Performance

FNWD stock opened at $26.69 on Tuesday. The firm has a 50 day moving average of $28.86 and a two-hundred day moving average of $29.39. Finward Bancorp has a 12 month low of $22.82 and a 12 month high of $33.50. The company has a market capitalization of $115.03 million, a price-to-earnings ratio of 9.43 and a beta of 0.54. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53.

Finward Bancorp (NASDAQ:FNWD) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.31. Finward Bancorp had a net margin of 10.85% and a return on equity of 7.91%. As a group, equities analysts anticipate that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Finward Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Tuesday, January 21st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, January 21st. Finward Bancorp’s payout ratio is 16.96%.

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.