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

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Finward Bancorp stock. Geode Capital Management LLC increased its position in shares of Finward Bancorp (NASDAQ:FNWD) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,662 shares of the company’s stock after purchasing an additional 2,825 shares during the period. Geode Capital Management LLC owned approximately 0.90% of Finward Bancorp worth $1,237,000 at the end of the most recent quarter. 26.59% of the stock is owned by hedge funds and other institutional investors.

Finward Bancorp Price Performance

Shares of NASDAQ FNWD traded up $0.01 during mid-day trading on Friday, hitting $27.01. 3,623 shares of the company’s stock traded hands, compared to its average volume of 2,672. 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 has a 1 year low of $22.82 and a 1 year high of $33.50. The company’s 50-day moving average is $29.81 and its two-hundred day moving average is $29.22. The company has a market capitalization of $116.41 million, a P/E ratio of 10.04 and a beta of 0.54.

Finward Bancorp (NASDAQ:FNWD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $14.87 million for the quarter. Finward Bancorp had a net margin of 10.44% and a return on equity of 7.60%. On average, equities analysts anticipate that Finward Bancorp will post 0.08 EPS for the current fiscal year.

Finward Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Tuesday, January 21st will be given a $0.12 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $0.48 dividend on an annualized basis and a yield of 1.78%. Finward Bancorp’s dividend payout ratio is presently 17.84%.

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.