Finward Bancorp (NASDAQ:FNWD) Earns Overweight Rating from Analysts at Stephens

Equities researchers at Stephens initiated coverage on shares of Finward Bancorp (NASDAQ:FNWD) in a research report issued to clients and investors on Friday. The brokerage set an “overweight” rating and a $41.00 price target on the stock. Stephens’ price target points to a potential upside of 14.83% from the company’s previous close.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Finward Bancorp in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.00.

Finward Bancorp Trading Down 1.6%

Finward Bancorp stock traded down $0.60 during midday trading on Friday, reaching $35.71. The stock had a trading volume of 2,439 shares, compared to its average volume of 7,951. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.33. The firm has a market cap of $154.50 million, a price-to-earnings ratio of 19.31 and a beta of 0.33. Finward Bancorp has a 52-week low of $26.46 and a 52-week high of $39.99. The company has a fifty day moving average of $37.07 and a 200 day moving average of $35.49.

Finward Bancorp (NASDAQ:FNWD) last announced its earnings results on Tuesday, January 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.15). The business had revenue of $16.52 million for the quarter, compared to analysts’ expectations of $18.25 million. Finward Bancorp had a net margin of 8.00% and a return on equity of 5.15%. On average, analysts anticipate that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Finward Bancorp

A number of hedge funds have recently added to or reduced their stakes in FNWD. CWM LLC raised its stake in Finward Bancorp by 49.0% in the fourth quarter. CWM LLC now owns 897 shares of the company’s stock worth $32,000 after buying an additional 295 shares in the last quarter. BNP Paribas Financial Markets boosted its position 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 acquiring an additional 642 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Finward Bancorp in the 3rd quarter valued at $43,000. JPMorgan Chase & Co. purchased a new position in shares of Finward Bancorp in the 2nd quarter valued at $45,000. Finally, Bank of America Corp DE raised its position in shares of Finward Bancorp by 5,428.1% in the 2nd quarter. Bank of America Corp DE now owns 1,769 shares of the company’s stock worth $49,000 after acquiring an additional 1,737 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.