Finward Bancorp (NASDAQ:FNWD) Posts Earnings Results, Misses Estimates By $0.14 EPS

Finward Bancorp (NASDAQ:FNWD) announced its quarterly earnings data on Tuesday. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.14), Zacks reports. Finward Bancorp had a net margin of 9.72% and a return on equity of 5.92%.

Finward Bancorp Price Performance

FNWD stock traded up $0.14 on Tuesday, reaching $44.38. The company had a trading volume of 14,558 shares, compared to its average volume of 15,396. The company’s fifty day moving average is $35.25 and its 200 day moving average is $35.49. The company has a market cap of $192.17 million, a P/E ratio of 19.38 and a beta of 0.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 0.87. Finward Bancorp has a 1 year low of $27.11 and a 1 year high of $45.00.

Finward Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Wednesday, June 17th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. Finward Bancorp’s dividend payout ratio is presently 20.96%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings raised Finward Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Zacks Research upgraded Finward Bancorp to a “hold” rating in a research report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Hedge Funds Weigh In On Finward Bancorp

A number of institutional investors have recently made changes to their positions in FNWD. Goldman Sachs Group Inc. purchased a new stake in shares of Finward Bancorp in the fourth quarter valued at $1,920,000. Alliancebernstein L.P. boosted its stake in shares of Finward Bancorp by 14.5% during the third quarter. Alliancebernstein L.P. now owns 403,704 shares of the company’s stock valued at $12,955,000 after acquiring an additional 51,038 shares during the last quarter. Geode Capital Management LLC increased its position in Finward Bancorp by 99.7% during the 2nd quarter. Geode Capital Management LLC now owns 81,669 shares of the company’s stock worth $2,256,000 after purchasing an additional 40,778 shares in the last quarter. Trexquant Investment LP purchased a new stake in Finward Bancorp during the 4th quarter worth about $360,000. Finally, Marshall Wace LLP acquired a new position in Finward Bancorp in the 4th quarter valued at about $280,000. 26.59% of the stock is owned by institutional investors and hedge funds.

About Finward Bancorp

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.