Finward Bancorp (NASDAQ:FNWD) Sees Large Decrease in Short Interest

Finward Bancorp (NASDAQ:FNWD - Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 3,200 shares, a decrease of 36.0% from the September 15th total of 5,000 shares. Approximately 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 4,300 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Finward Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Global Financial Private Client LLC bought a new position in Finward Bancorp during the 1st quarter valued at approximately $26,000. Dimensional Fund Advisors LP purchased a new position in Finward Bancorp in the 2nd quarter worth approximately $329,000. Black Maple Capital Management LP bought a new stake in Finward Bancorp in the 1st quarter worth about $612,000. Vanguard Group Inc. lifted its position in Finward Bancorp by 3.4% during the first quarter. Vanguard Group Inc. now owns 159,750 shares of the company's stock valued at $3,930,000 after purchasing an additional 5,206 shares during the period. Finally, PL Capital Advisors LLC grew its holdings in shares of Finward Bancorp by 257.6% in 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. Institutional investors own 26.59% of the company's stock.

Finward Bancorp Stock Performance

Shares of Finward Bancorp stock traded up $0.12 during trading hours on Friday, hitting $31.86. 1,885 shares of the company's stock traded hands, compared to its average volume of 6,452. The stock has a market capitalization of $137.32 million, a price-to-earnings ratio of 10.41 and a beta of 0.53. Finward Bancorp has a 12-month low of $17.29 and a 12-month high of $33.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.86 and a quick ratio of 0.86. The company has a fifty day simple moving average of $29.00 and a 200-day simple moving average of $26.43.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.12. Finward Bancorp had a return on equity of 9.26% and a net margin of 12.00%. The firm had revenue of $24.70 million during the quarter. Equities research analysts anticipate that Finward Bancorp will post 0.18 EPS for the current fiscal year.

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.