Finward Bancorp (NASDAQ:FNWD) Announces Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Finward Bancorp (NASDAQ:FNWDGet Free Report) announced its earnings results on Tuesday. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.14), Zacks reports. Finward Bancorp had a net margin of 9.72% and a return on equity of 5.92%.

Finward Bancorp Trading Up 0.3%

FNWD stock traded up $0.14 during mid-day trading on Tuesday, reaching $44.38. The company had a trading volume of 14,558 shares, compared to its average volume of 15,396. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $192.17 million, a PE ratio of 19.38 and a beta of 0.18. The firm has a 50 day moving average of $35.25 and a 200 day moving average of $35.49. Finward Bancorp has a 12 month low of $27.11 and a 12 month high of $45.00.

Finward Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 17th. Finward Bancorp’s payout ratio is 20.96%.

Institutional Trading of Finward Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in Finward Bancorp by 98.9% in the third quarter. BNP Paribas Financial Markets now owns 1,291 shares of the company’s stock worth $41,000 after purchasing an additional 642 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Finward Bancorp in the 3rd quarter worth $43,000. JPMorgan Chase & Co. bought a new position in shares of Finward Bancorp during the 2nd quarter worth $45,000. Bank of America Corp DE increased its stake in shares of Finward Bancorp by 5,428.1% during the second quarter. Bank of America Corp DE now owns 1,769 shares of the company’s stock valued at $49,000 after buying an additional 1,737 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Finward Bancorp in the second quarter valued at about $52,000. Institutional investors own 26.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded Finward Bancorp to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised Finward Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Finward Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

View Our Latest Report on Finward Bancorp

Finward Bancorp Company Profile

(Get Free Report)

Finward Bancorp (NASDAQ: FNWD) is the bank holding company for Finward Bank, a community-focused financial institution serving businesses and individuals across Pennsylvania and Delaware. Through a network of full-service branches and a robust digital banking platform, Finward Bank delivers a range of personal and commercial banking solutions designed to meet the needs of local customers.

The company’s core offerings include deposit products such as checking accounts, savings accounts and time deposits, as well as a variety of lending solutions.

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Earnings History for Finward Bancorp (NASDAQ:FNWD)

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