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

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. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 1.4 days.

Finward Bancorp Price Performance

FNWD stock opened at $26.69 on Tuesday. The firm has a 50 day moving average of $28.86 and a 200-day moving average of $29.39. The firm has a market capitalization of $115.03 million, a P/E ratio of 9.43 and a beta of 0.54. Finward Bancorp has a 12 month low of $22.82 and a 12 month high of $33.50. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.

Finward Bancorp (NASDAQ:FNWD) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.49 EPS for the quarter, beating 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, sell-side analysts predict that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Finward Bancorp Announces Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Finward Bancorp stock. Dimensional Fund Advisors LP purchased a new position in Finward Bancorp (NASDAQ:FNWD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,402 shares of the company’s stock, valued at approximately $329,000. Dimensional Fund Advisors LP owned about 0.31% of Finward Bancorp at the end of the most recent reporting period. Institutional investors and hedge funds 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.