Finward Bancorp (NASDAQ:FNWD) Short Interest Update

Finward Bancorp (NASDAQ:FNWD) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 5,800 shares, a decrease of 9.4% from the March 15th total of 6,400 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 10,500 shares, the days-to-cover ratio is presently 0.6 days.

Finward Bancorp Stock Performance

NASDAQ FNWD traded up $0.17 during trading on Wednesday, hitting $24.77. 1,078 shares of the company’s stock traded hands, compared to its average volume of 9,871. The stock has a market capitalization of $106.51 million, a price-to-earnings ratio of 12.68 and a beta of 0.54. Finward Bancorp has a 12-month low of $17.29 and a 12-month high of $31.33. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.84 and a current ratio of 0.84. The business has a 50 day moving average of $23.97 and a 200-day moving average of $22.85.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.35 earnings per share for the quarter. Finward Bancorp had a return on equity of 6.17% and a net margin of 8.68%. The firm had revenue of $15.45 million for the quarter. As a group, equities research analysts anticipate that Finward Bancorp will post 1.2 earnings per share for the current fiscal year.

Finward Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, April 22nd. Finward Bancorp’s dividend payout ratio is presently 24.74%.

Institutional Investors Weigh In On Finward Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG increased its position in shares of Finward Bancorp by 11.7% during the third quarter. UBS Group AG now owns 4,874 shares of the company’s stock valued at $108,000 after buying an additional 510 shares during the period. Vanguard Group Inc. increased its position in shares of Finward Bancorp by 0.6% in the third quarter. Vanguard Group Inc. now owns 149,582 shares of the company’s stock worth $3,310,000 after purchasing an additional 933 shares during the last quarter. US Bancorp DE bought a new position in shares of Finward Bancorp in the fourth quarter worth approximately $25,000. Finally, Northern Trust Corp increased its position in shares of Finward Bancorp by 52.2% in the fourth quarter. Northern Trust Corp now owns 14,420 shares of the company’s stock worth $364,000 after purchasing an additional 4,948 shares during the last quarter. 26.59% of the stock is currently owned by institutional investors.

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.