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

Finward Bancorp (NASDAQ:FNWD) was the target of a large growth in short interest in 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 currently 1.4 days. Currently, 0.1% of the company’s stock are sold short.

Finward Bancorp Stock Up 0.0 %

Shares of FNWD stock traded up $0.01 on Monday, hitting $27.01. The company’s stock had a trading volume of 3,623 shares, compared to its average volume of 2,672. The stock has a market capitalization of $116.41 million, a price-to-earnings ratio of 10.04 and a beta of 0.54. Finward Bancorp has a fifty-two week low of $22.82 and a fifty-two week high of $33.50. The firm’s fifty day moving average price is $29.81 and its 200-day moving average price is $29.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86.

Finward Bancorp (NASDAQ:FNWD) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.14 earnings per share (EPS) 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 for the quarter. Research analysts anticipate that Finward Bancorp will post 0.08 EPS for the current year.

Finward Bancorp Announces Dividend

The firm 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 $0.12 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.78%. Finward Bancorp’s dividend payout ratio is 17.84%.

Hedge Funds Weigh In On Finward Bancorp

An institutional investor recently raised its position in Finward Bancorp stock. Geode Capital Management LLC boosted its holdings in Finward Bancorp (NASDAQ:FNWD) by 7.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,662 shares of the company’s stock after acquiring an additional 2,825 shares during the quarter. Geode Capital Management LLC owned 0.90% of Finward Bancorp worth $1,237,000 at the end of the most recent quarter. Institutional investors own 26.59% of the company’s stock.

Finward Bancorp Company Profile

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.