Finward Bancorp (NASDAQ:FNWD – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.43), Zacks reports. Finward Bancorp had a net margin of 9.65% and a return on equity of 5.68%.
Finward Bancorp Price Performance
Shares of FNWD traded up $0.26 during midday trading on Tuesday, hitting $43.79. 7,859 shares of the company traded hands, compared to its average volume of 14,633. Finward Bancorp has a one year low of $30.05 and a one year high of $45.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $189.61 million, a P/E ratio of 19.29 and a beta of 0.15. The stock has a 50-day moving average of $42.70 and a 200-day moving average of $37.94.
Finward Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 18th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.48 annualized dividend and a yield of 1.1%. Finward Bancorp’s dividend payout ratio (DPR) is 21.15%.
Analyst Ratings Changes
Several research analysts recently issued reports on FNWD shares. Zacks Research upgraded shares of Finward Bancorp to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised Finward Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, September 16th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.00.
Get Our Latest Analysis on FNWD
Finward Bancorp Company Profile
Finward Bancorp (NASDAQ: FNWD) is a bank holding company headquartered in Munster, Indiana. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, families, businesses and organizations.
Peoples Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, commercial financing and other banking services. The bank also provides digital banking tools and services designed to support customers with everyday account management and financial transactions.
Finward Bancorp serves communities in northwest Indiana and the greater Chicago metropolitan area, including portions of Illinois.
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