Finward Bancorp (NASDAQ:FNWD) Stock Rating Upgraded by Zacks Research

Finward Bancorp (NASDAQ:FNWD) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research firms have also commented on FNWD. Weiss Ratings raised shares of Finward Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Stephens began coverage on Finward Bancorp in a research report on Friday, March 27th. They set an “overweight” rating and a $41.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Finward Bancorp Price Performance

Shares of NASDAQ:FNWD opened at $36.30 on Monday. Finward Bancorp has a twelve month low of $26.46 and a twelve month high of $39.99. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The company has a market cap of $157.18 million, a PE ratio of 15.85 and a beta of 0.18. The company’s 50 day moving average is $33.80 and its 200 day moving average is $35.20.

Finward Bancorp (NASDAQ:FNWD) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). The business had revenue of $17.49 million during the quarter, compared to analysts’ expectations of $18.45 million. Finward Bancorp had a net margin of 9.72% and a return on equity of 5.92%. On average, sell-side analysts forecast that Finward Bancorp will post 2.63 EPS for the current year.

Institutional Trading of Finward Bancorp

Institutional investors have recently bought and sold shares of the business. CWM LLC increased its position in shares of Finward Bancorp by 49.0% in the fourth quarter. CWM LLC now owns 897 shares of the company’s stock valued at $32,000 after buying an additional 295 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Finward Bancorp by 98.9% in 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 during the period. Russell Investments Group Ltd. purchased a new stake in Finward Bancorp in the 3rd quarter worth $43,000. JPMorgan Chase & Co. acquired a new position in Finward Bancorp during the second quarter worth $45,000. Finally, 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 valued at $49,000 after purchasing an additional 1,737 shares in the last quarter. 26.59% of the stock is owned by institutional investors and hedge funds.

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.