Finward Bancorp (NASDAQ:FNWD) Short Interest Update

Finward Bancorp (NASDAQ:FNWD) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 3,500 shares, an increase of 9.4% from the September 30th total of 3,200 shares. Based on an average daily trading volume, of 3,000 shares, the short-interest ratio is presently 1.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Financial Private Client LLC bought a new position in shares of Finward Bancorp during the 1st quarter valued at about $26,000. Dimensional Fund Advisors LP bought a new position in Finward Bancorp in the second quarter valued at approximately $329,000. Black Maple Capital Management LP acquired a new position in shares of Finward Bancorp in the first quarter valued at approximately $612,000. Vanguard Group Inc. increased its position in shares of Finward Bancorp by 3.4% during the first quarter. Vanguard Group Inc. now owns 159,750 shares of the company’s stock worth $3,930,000 after acquiring an additional 5,206 shares in the last quarter. Finally, PL Capital Advisors LLC raised its holdings in shares of Finward Bancorp by 257.6% during the first quarter. PL Capital Advisors LLC now owns 354,822 shares of the company’s stock worth $8,729,000 after acquiring an additional 255,595 shares during the period. 26.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Hovde Group raised shares of Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Friday, September 6th.

Finward Bancorp Trading Up 0.0 %

NASDAQ FNWD traded up $0.01 on Thursday, reaching $31.25. The company had a trading volume of 2,516 shares, compared to its average volume of 6,155. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.57. Finward Bancorp has a 52 week low of $18.06 and a 52 week high of $33.05. The stock has a market cap of $134.81 million, a price-to-earnings ratio of 10.21 and a beta of 0.53. The stock’s 50 day moving average is $29.99 and its 200-day moving average is $27.03.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $14.87 million during the quarter. Finward Bancorp had a net margin of 12.00% and a return on equity of 9.26%. Equities analysts predict that Finward Bancorp will post 0.18 earnings per share for the current year.

Finward Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, October 18th. Finward Bancorp’s payout ratio is presently 15.69%.

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.