Finward Bancorp (NASDAQ:FNWD) Posts Earnings Results, Misses Expectations By $0.15 EPS

Finward Bancorp (NASDAQ:FNWD) announced its quarterly earnings results on Tuesday. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15), FiscalAI reports. Finward Bancorp had a return on equity of 5.15% and a net margin of 8.00%.The company had revenue of $16.52 million for the quarter, compared to analyst estimates of $18.25 million.

Finward Bancorp Trading Down 4.6%

Shares of FNWD stock opened at $34.95 on Thursday. Finward Bancorp has a 1 year low of $26.12 and a 1 year high of $39.99. The firm has a market capitalization of $151.33 million, a PE ratio of 18.30 and a beta of 0.31. The stock has a fifty day moving average of $36.86 and a two-hundred day moving average of $33.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.86 and a current ratio of 0.86.

Finward Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, December 17th. Finward Bancorp’s payout ratio is 25.13%.

Hedge Funds Weigh In On Finward Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in Finward Bancorp by 98.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,291 shares of the company’s stock valued at $41,000 after buying an additional 642 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Finward Bancorp by 63.6% in the third quarter. JPMorgan Chase & Co. now owns 2,663 shares of the company’s stock valued at $85,000 after acquiring an additional 1,035 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Finward Bancorp during the third quarter valued at approximately $43,000. Bank of America Corp DE raised its holdings in 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 worth $49,000 after purchasing an additional 1,737 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Finward Bancorp in the second quarter worth approximately $52,000. Institutional investors own 26.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Finward Bancorp in a research report on Monday, December 22nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Finward Bancorp has an average rating of “Hold” and a consensus price target of $34.00.

Finward Bancorp Company Profile

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.