Finward Bancorp (NASDAQ:FNWD) Posts Earnings Results, Misses Expectations By $0.02 EPS

Finward Bancorp (NASDAQ:FNWD) posted its earnings results on Tuesday. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02), FiscalAI reports. The business had revenue of $17.49 million during the quarter, compared to the consensus estimate of $18.45 million. Finward Bancorp had a return on equity of 5.01% and a net margin of 8.00%.

Finward Bancorp Price Performance

Shares of FNWD stock opened at $33.03 on Wednesday. Finward Bancorp has a 52-week low of $26.46 and a 52-week high of $39.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $143.02 million, a P/E ratio of 17.57 and a beta of 0.32. The stock has a 50 day moving average price of $35.88 and a 200 day moving average price of $35.97.

Finward Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.48 annualized dividend and a yield of 1.5%. Finward Bancorp’s dividend payout ratio (DPR) is presently 25.53%.

Institutional Investors Weigh In On Finward Bancorp

Several large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in shares of Finward Bancorp by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 1,291 shares of the company’s stock valued at $41,000 after purchasing an additional 642 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Finward Bancorp in the third quarter worth approximately $43,000. JPMorgan Chase & Co. purchased a new stake in Finward Bancorp during the second quarter worth $45,000. Bank of America Corp DE lifted 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 buying an additional 1,737 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Finward Bancorp during the 2nd quarter valued at $52,000. 26.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens assumed coverage on Finward Bancorp in a research report on Friday, March 27th. They issued an “overweight” rating and a $41.00 price target for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Finward Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

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.