Finward Bancorp $FNWD Shares Bought by PL Capital Advisors LLC

PL Capital Advisors LLC boosted its position in shares of Finward Bancorp (NASDAQ:FNWD) by 11.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 395,716 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. Finward Bancorp comprises about 3.9% of PL Capital Advisors LLC’s portfolio, making the stock its 9th largest position. PL Capital Advisors LLC owned about 0.09% of Finward Bancorp worth $11,515,000 at the end of the most recent reporting period.

Separately, Northern Trust Corp lifted its holdings in shares of Finward Bancorp by 37.5% in the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock valued at $422,000 after buying an additional 4,098 shares during the period. 26.59% of the stock is owned by hedge funds and other institutional investors.

Finward Bancorp Price Performance

Shares of Finward Bancorp stock opened at $29.61 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.42. Finward Bancorp has a twelve month low of $26.12 and a twelve month high of $33.50. The business has a 50-day moving average price of $28.10 and a 200 day moving average price of $28.58. The firm has a market cap of $127.92 million, a PE ratio of 23.88 and a beta of 0.27.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.26. Finward Bancorp had a return on equity of 3.45% and a net margin of 5.23%. The firm had revenue of $16.63 million during the quarter, compared to analyst estimates of $16.85 million. Sell-side analysts predict that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Finward Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.6%. Finward Bancorp’s dividend payout ratio (DPR) is currently 38.71%.

Analyst Upgrades and Downgrades

FNWD has been the topic of several analyst reports. Wall Street Zen upgraded shares of Finward Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Stephens raised their price target on shares of Finward Bancorp from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd.

About Finward Bancorp

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.