Finward Bancorp (NASDAQ:FNWD) Issues Quarterly Earnings Results

Finward Bancorp (NASDAQ:FNWD) released its earnings results on Tuesday. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15), FiscalAI reports. The business had revenue of $16.52 million during the quarter, compared to analysts’ expectations of $18.25 million. Finward Bancorp had a net margin of 8.01% and a return on equity of 5.27%.

Finward Bancorp Stock Up 0.5%

Shares of Finward Bancorp stock traded up $0.18 during trading on Tuesday, hitting $36.66. 4,892 shares of the stock traded hands, compared to its average volume of 18,777. The stock has a market cap of $158.72 million, a P/E ratio of 19.19 and a beta of 0.31. The company has a fifty day moving average price of $36.86 and a two-hundred day moving average price of $33.13. Finward Bancorp has a twelve month low of $26.12 and a twelve month high of $39.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.86 and a current ratio of 0.86.

Finward Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. Finward Bancorp’s dividend payout ratio (DPR) is 25.13%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Finward Bancorp in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $34.00.

Institutional Trading of Finward Bancorp

A number of institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its stake in shares of Finward Bancorp by 14.5% during the 3rd quarter. Alliancebernstein L.P. now owns 403,704 shares of the company’s stock worth $12,955,000 after purchasing an additional 51,038 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of 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 purchasing an additional 642 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Finward Bancorp in the third quarter worth $43,000. JPMorgan Chase & Co. increased its position in Finward Bancorp by 63.6% during the third quarter. JPMorgan Chase & Co. now owns 2,663 shares of the company’s stock worth $85,000 after buying an additional 1,035 shares during the last quarter. Finally, Bank of America Corp DE raised 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 buying an additional 1,737 shares in the last quarter. 26.59% of the stock is currently 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.