Finward Bancorp (NASDAQ:FNWD) Posts Earnings Results, Misses Estimates By $0.04 EPS

Finward Bancorp (NASDAQ:FNWDGet Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04), Yahoo Finance reports. The company had revenue of $14.87 million for the quarter. Finward Bancorp had a net margin of 12.00% and a return on equity of 9.26%.

Finward Bancorp Price Performance

Shares of NASDAQ:FNWD opened at $31.24 on Thursday. The firm has a market cap of $134.77 million, a price-to-earnings ratio of 10.13 and a beta of 0.53. The firm has a fifty day moving average price of $29.91 and a 200 day moving average price of $27.00. Finward Bancorp has a fifty-two week low of $18.06 and a fifty-two week high of $33.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 0.86.

Finward Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, October 18th. Finward Bancorp’s dividend payout ratio (DPR) is presently 15.69%.

Analyst Ratings Changes

Separately, Hovde Group upgraded shares of Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Friday, September 6th.

Get Our Latest Stock Analysis on Finward Bancorp

About Finward Bancorp

(Get Free Report)

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company’s deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans.

Further Reading

Earnings History for Finward Bancorp (NASDAQ:FNWD)

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