Finward Bancorp (NASDAQ:FNWD) Short Interest Update

Finward Bancorp (NASDAQ:FNWD - Get Free Report) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 6,300 shares, a decline of 13.7% from the February 13th total of 7,300 shares. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.2% of the company's shares are sold short.

Insider Activity

In other Finward Bancorp news, Director Robert W. Youman purchased 1,400 shares of Finward Bancorp stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $27.76 per share, with a total value of $38,864.00. Following the completion of the transaction, the director now owns 22,773 shares of the company's stock, valued at $632,178.48. This trade represents a 6.55 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carolyn M. Burke bought 1,000 shares of Finward Bancorp stock in a transaction on Monday, February 3rd. The shares were acquired at an average price of $26.80 per share, for a total transaction of $26,800.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $26,800. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 6,472 shares of company stock valued at $174,563. 13.70% of the stock is currently owned by corporate insiders.

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Hedge Funds Weigh In On Finward Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Finward Bancorp by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 38,662 shares of the company's stock valued at $1,237,000 after buying an additional 2,825 shares in the last quarter. PL Capital Advisors LLC lifted its position in Finward Bancorp by 0.3% in the fourth 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 last quarter. Northern Trust Corp boosted its stake in Finward Bancorp by 37.5% in the fourth 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Finward Bancorp by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company's stock worth $496,000 after purchasing an additional 1,393 shares in the last quarter. Finally, Finward Bancorp purchased a new stake in shares of Finward Bancorp in the 4th quarter valued at about $4,175,000. 26.59% of the stock is currently owned by hedge funds and other institutional investors.

Finward Bancorp Stock Up 0.9 %

NASDAQ:FNWD traded up $0.26 during mid-day trading on Friday, hitting $28.94. The stock had a trading volume of 4,006 shares, compared to its average volume of 3,957. Finward Bancorp has a twelve month low of $23.50 and a twelve month high of $33.50. The stock has a 50-day simple moving average of $27.18 and a two-hundred day simple moving average of $29.30. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $124.85 million, a PE ratio of 10.23 and a beta of 0.53.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.31. Finward Bancorp had a return on equity of 7.91% and a net margin of 10.85%. On average, equities research analysts anticipate that Finward Bancorp will post 0.9 EPS for the current year.

Analyst Ratings Changes

Separately, Hovde Group downgraded Finward Bancorp from an "outperform" rating to a "market perform" rating in a report on Monday, March 17th.

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.