Finward Bancorp (NASDAQ:FNWD) Short Interest Update

Finward Bancorp (NASDAQ:FNWD - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 18,200 shares, an increase of 75.0% from the May 15th total of 10,400 shares. Based on an average daily volume of 7,100 shares, the short-interest ratio is presently 2.6 days. Currently, 0.5% of the company's stock are short sold.

Analysts Set New Price Targets

FNWD has been the subject of several research analyst reports. Hovde Group cut shares of Finward Bancorp from an "outperform" rating to a "market perform" rating in a report on Monday, March 17th. Stephens increased their price target on shares of Finward Bancorp from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd.

Finward Bancorp Price Performance

Finward Bancorp stock traded down $0.23 during mid-day trading on Friday, reaching $28.70. The company had a trading volume of 5,044 shares, compared to its average volume of 4,815. Finward Bancorp has a 1 year low of $23.50 and a 1 year high of $33.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $124.16 million, a P/E ratio of 10.14 and a beta of 0.27. The stock's 50-day simple moving average is $29.93 and its 200-day simple moving average is $28.86.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Finward Bancorp had a net margin of 10.85% and a return on equity of 7.91%. The firm had revenue of $15.54 million for the quarter, compared to analyst estimates of $16.25 million. On average, equities analysts predict that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, April 28th were given a dividend of $0.12 per share. The ex-dividend date was Monday, April 28th. This represents a $0.48 dividend on an annualized basis and a yield of 1.67%. Finward Bancorp's dividend payout ratio (DPR) is currently 62.34%.

Institutional Trading of Finward Bancorp

Hedge funds have recently bought and sold shares of the company. Finward Bancorp acquired a new stake in Finward Bancorp during the fourth quarter worth approximately $4,175,000. PL Capital Advisors LLC raised its stake in shares of Finward Bancorp by 0.3% in the 4th quarter. PL Capital Advisors LLC now owns 355,716 shares of the company's stock valued at $9,999,000 after acquiring an additional 894 shares during the period. Northern Trust Corp raised its stake in shares of Finward Bancorp by 37.5% in the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company's stock valued at $422,000 after acquiring an additional 4,098 shares during the period. Alliancebernstein L.P. raised its stake in shares of Finward Bancorp by 10.6% in the 4th quarter. Alliancebernstein L.P. now owns 344,926 shares of the company's stock valued at $9,696,000 after acquiring an additional 33,036 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Finward Bancorp in the 4th quarter valued at $221,000. Institutional investors and hedge funds own 26.59% of the company's stock.

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.

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