Finward Bancorp (NASDAQ:FNWD) Issues Quarterly Earnings Results

Finward Bancorp (NASDAQ:FNWD) announced its earnings results on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.43), Zacks reports. Finward Bancorp had a net margin of 9.65% and a return on equity of 5.68%.

Finward Bancorp Trading Up 0.6%

NASDAQ:FNWD traded up $0.26 on Tuesday, hitting $43.79. 7,859 shares of the stock were exchanged, compared to its average volume of 14,633. The stock has a fifty day moving average of $42.70 and a 200-day moving average of $37.94. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. Finward Bancorp has a fifty-two week low of $30.05 and a fifty-two week high of $45.90. The stock has a market cap of $189.61 million, a PE ratio of 19.29 and a beta of 0.15.

Finward Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 18th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, September 18th. Finward Bancorp’s payout ratio is presently 21.15%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings upgraded Finward Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, September 16th. Zacks Research upgraded shares of Finward Bancorp to a “hold” rating in a 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.00.

Finward Bancorp Company Profile

Finward Bancorp (NASDAQ: FNWD) is a bank holding company headquartered in Munster, Indiana. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Peoples Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, commercial financing and other banking services. The bank also provides digital banking tools and services designed to support customers with everyday account management and financial transactions.

Finward Bancorp serves communities in northwest Indiana and the greater Chicago metropolitan area, including portions of Illinois.