Finward Bancorp (NASDAQ:FNWD) Short Interest Update

Finward Bancorp (NASDAQ:FNWD) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 3,700 shares, an increase of 5.7% from the November 30th total of 3,500 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 1.3 days. Approximately 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Finward Bancorp Price Performance

Shares of NASDAQ FNWD opened at $28.50 on Friday. The stock’s 50-day simple moving average is $30.63 and its two-hundred day simple moving average is $28.94. Finward Bancorp has a twelve month low of $22.82 and a twelve month high of $33.50. The firm has a market capitalization of $122.95 million, a P/E ratio of 10.59 and a beta of 0.52. 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 posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Finward Bancorp had a return on equity of 7.60% and a net margin of 10.44%. The company had revenue of $14.87 million during the quarter. As a group, equities analysts anticipate that Finward Bancorp will post 0.08 EPS for the current fiscal year.

Finward Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, January 21st. Finward Bancorp’s dividend payout ratio (DPR) is currently 17.84%.

Institutional Trading of Finward Bancorp

A hedge fund recently raised its stake in Finward Bancorp stock. Geode Capital Management LLC boosted its position in Finward Bancorp (NASDAQ:FNWD) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,662 shares of the company’s stock after buying an additional 2,825 shares during the quarter. Geode Capital Management LLC owned approximately 0.90% of Finward Bancorp worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 26.59% of the stock is currently owned by institutional investors and hedge funds.

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.