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

Finward Bancorp (NASDAQ:FNWD) was the target of a significant increase in short interest in the month of 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 company are sold short. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 1.4 days.

Finward Bancorp Stock Up 0.5 %

Finward Bancorp stock opened at $26.69 on Tuesday. The firm has a 50 day moving average price of $28.86 and a 200-day moving average price of $29.39. 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 has a twelve month low of $22.82 and a twelve month high of $33.50. The company has a market capitalization of $115.03 million, a P/E ratio of 9.43 and a beta of 0.54.

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

Finward Bancorp Announces Dividend

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

Institutional Trading of Finward Bancorp

A hedge fund recently raised its stake in Finward Bancorp stock. Geode Capital Management LLC grew its stake in shares of Finward Bancorp (NASDAQ:FNWD) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,662 shares of the company’s stock after acquiring an additional 2,825 shares during the period. Geode Capital Management LLC owned 0.90% of Finward Bancorp worth $1,237,000 at the end of the most recent reporting period. 26.59% of the stock is currently owned by institutional investors.

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.