Finward Bancorp (NASDAQ:FNWD) Shares Down 0.1% – Should You Sell?

Shares of Finward Bancorp (NASDAQ:FNWD) traded down 0.1% during trading on Monday . The company traded as low as $43.45 and last traded at $43.45. Approximately 5,837 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 15,836 shares. The stock had previously closed at $43.50.

Wall Street Analysts Forecast Growth

FNWD has been the topic of several recent analyst reports. Zacks Research raised shares of Finward Bancorp to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings raised shares of Finward Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Finward Bancorp Stock Performance

The stock has a market cap of $188.83 million, a P/E ratio of 19.21 and a beta of 0.16. 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 stock’s 50 day simple moving average is $40.04 and its two-hundred day simple moving average is $36.71.

Finward Bancorp (NASDAQ:FNWD) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.14). The company had revenue of $17.58 million for the quarter, compared to the consensus estimate of $18.90 million. Finward Bancorp had a return on equity of 5.68% and a net margin of 9.65%. As a group, research analysts forecast that Finward Bancorp will post 2.63 EPS for the current year.

Finward Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, June 17th. Finward Bancorp’s dividend payout ratio is 21.15%.

Institutional Trading of Finward Bancorp

Institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP grew its holdings in shares of Finward Bancorp by 14.7% during the second quarter. Susquehanna International Group LLP now owns 10,509 shares of the company’s stock worth $387,000 after buying an additional 1,343 shares in the last quarter. Raffles Associates LP acquired a new position in Finward Bancorp during the 2nd quarter worth approximately $978,000. BlackRock Inc. acquired a new position in Finward Bancorp during the 2nd quarter worth approximately $828,000. Dimensional Fund Advisors LP grew its stake in shares of Finward Bancorp by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,178 shares of the company’s stock worth $878,000 after acquiring an additional 1,309 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Finward Bancorp by 8.6% during the 4th quarter. Wellington Management Group LLP now owns 54,049 shares of the company’s stock worth $1,902,000 after acquiring an additional 4,291 shares in the last quarter. 26.59% of the stock is currently owned by institutional investors.

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.