Finward Bancorp (NASDAQ:FNWD) Announces Earnings Results

Finward Bancorp (NASDAQ:FNWD) posted its quarterly earnings results on Tuesday. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04), Yahoo Finance reports. Finward Bancorp had a return on equity of 9.26% and a net margin of 12.00%. The firm had revenue of $14.87 million for the quarter.

Finward Bancorp Price Performance

Shares of NASDAQ FNWD traded down $0.01 during midday trading on Wednesday, reaching $31.23. 2,074 shares of the company traded hands, compared to its average volume of 6,201. The stock’s 50-day simple moving average is $29.83 and its 200-day simple moving average is $26.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 0.86. Finward Bancorp has a 12 month low of $18.06 and a 12 month high of $33.05. The firm has a market cap of $134.73 million, a PE ratio of 10.21 and a beta of 0.53.

Finward Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, October 18th. This represents a $0.48 annualized dividend and a yield of 1.54%. Finward Bancorp’s dividend payout ratio is currently 15.69%.

Analyst Ratings Changes

Separately, Hovde Group raised shares of Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Friday, September 6th.

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.