Finward Bancorp (NASDAQ:FNWD) Announces Earnings Results, Misses Expectations By $0.15 EPS

Finward Bancorp (NASDAQ:FNWD) posted its quarterly earnings data on Tuesday. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 5.27% and a net margin of 8.01%.

Finward Bancorp Stock Performance

NASDAQ:FNWD traded up $0.16 on Tuesday, reaching $36.64. 6,641 shares of the company’s stock were exchanged, compared to its average volume of 18,778. The firm has a market cap of $158.65 million, a price-to-earnings ratio of 19.18 and a beta of 0.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a fifty day simple moving average of $36.86 and a 200-day simple moving average of $33.13. Finward Bancorp has a 52 week low of $26.12 and a 52 week high of $39.99.

Finward Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.48 annualized dividend and a yield of 1.3%. Finward Bancorp’s dividend payout ratio is 25.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FNWD. BNP Paribas Financial Markets lifted its position in Finward Bancorp by 98.9% during the third 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 shares of Finward Bancorp during the 3rd quarter worth $43,000. JPMorgan Chase & Co. bought a new stake in shares of Finward Bancorp during the 2nd quarter worth $45,000. Bank of America Corp DE grew its position in Finward Bancorp by 5,428.1% in the second quarter. Bank of America Corp DE now owns 1,769 shares of the company’s stock worth $49,000 after acquiring an additional 1,737 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Finward Bancorp in the second quarter valued at $52,000. 26.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Finward Bancorp Company Profile

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.