Finward Bancorp (NASDAQ:FNWD) Releases Quarterly Earnings Results, Misses Estimates By $0.43 EPS

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

Finward Bancorp Price Performance

NASDAQ:FNWD traded up $0.26 during mid-day trading on Tuesday, hitting $43.79. 7,859 shares of the stock traded hands, compared to its average volume of 14,636. The business’s 50-day moving average price is $42.70 and its 200 day moving average price is $37.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market cap of $189.61 million, a PE ratio of 19.29 and a beta of 0.15. Finward Bancorp has a 12-month low of $30.05 and a 12-month high of $45.90.

Finward Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 18th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.48 annualized dividend and a yield of 1.1%. Finward Bancorp’s payout ratio is currently 21.15%.

Analysts Set New Price Targets

Several research analysts recently commented on FNWD shares. Zacks Research raised shares of Finward Bancorp to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Finward Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 16th. Two 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, Finward Bancorp currently has an average rating of “Moderate Buy” and a consensus target price 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.