Finward Bancorp (NASDAQ:FNWD) Short Interest Up 14.8% in May

Finward Bancorp (NASDAQ:FNWDGet Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 7,000 shares, an increase of 14.8% from the May 15th total of 6,100 shares. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Finward Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. PL Capital Advisors LLC increased its holdings in shares of Finward Bancorp by 257.6% during the 1st quarter. PL Capital Advisors LLC now owns 354,822 shares of the company’s stock valued at $8,729,000 after acquiring an additional 255,595 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Finward Bancorp by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 159,750 shares of the company’s stock valued at $3,930,000 after acquiring an additional 5,206 shares during the last quarter. Black Maple Capital Management LP acquired a new position in shares of Finward Bancorp during the 1st quarter valued at about $612,000. Mesirow Financial Investment Management Inc. acquired a new stake in Finward Bancorp in the 1st quarter valued at approximately $262,000. Finally, Global Financial Private Client LLC acquired a new stake in Finward Bancorp in the 1st quarter valued at approximately $26,000. 26.59% of the stock is owned by hedge funds and other institutional investors.

Finward Bancorp Trading Down 0.0 %

Shares of FNWD stock opened at $24.30 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Finward Bancorp has a 1 year low of $17.29 and a 1 year high of $26.10. The stock has a fifty day moving average of $24.55 and a two-hundred day moving average of $24.13. The firm has a market capitalization of $104.73 million, a PE ratio of 6.75 and a beta of 0.53.

Finward Bancorp (NASDAQ:FNWDGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $2.17 earnings per share for the quarter. The business had revenue of $25.26 million during the quarter. Finward Bancorp had a return on equity of 11.12% and a net margin of 14.11%. As a group, research analysts expect that Finward Bancorp will post -0.3 EPS for the current year.

Finward Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Tuesday, April 23rd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.98%. The ex-dividend date was Monday, April 22nd. Finward Bancorp’s dividend payout ratio is currently 13.33%.

Finward Bancorp Company Profile

(Get Free Report)

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.

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