Short Interest in Finward Bancorp (NASDAQ:FNWD) Grows By 6.9%

Finward Bancorp (NASDAQ:FNWD) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 6,200 shares, an increase of 6.9% from the March 31st total of 5,800 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Finward Bancorp

An institutional investor recently bought a new position in Finward Bancorp stock. Mesirow Financial Investment Management Inc. acquired a new stake in Finward Bancorp (NASDAQ:FNWD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,667 shares of the company’s stock, valued at approximately $262,000. Mesirow Financial Investment Management Inc. owned approximately 0.25% of Finward Bancorp at the end of the most recent quarter. 26.59% of the stock is currently owned by institutional investors and hedge funds.

Finward Bancorp Stock Performance

NASDAQ FNWD opened at $24.71 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.54. Finward Bancorp has a 52-week low of $17.29 and a 52-week high of $30.23. The business’s 50-day moving average price is $24.13 and its 200 day moving average price is $23.10. The firm has a market cap of $106.25 million, a P/E ratio of 6.86 and a beta of 0.54.

Finward Bancorp (NASDAQ:FNWD) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.35 earnings per share (EPS) for the quarter. Finward Bancorp had a return on equity of 11.47% and a net margin of 14.11%. The firm had revenue of $15.45 million for the quarter. On average, equities research analysts expect that Finward Bancorp will post 1.2 earnings per share for the current year.

Finward Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis 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 currently 13.33%.

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.