Stephens Raises Finward Bancorp (NASDAQ:FNWD) Price Target to $34.00

Finward Bancorp (NASDAQ:FNWD) had its price target boosted by analysts at Stephens from $32.00 to $34.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Stephens’ price objective suggests a potential upside of 10.35% from the stock’s current price.

Separately, Hovde Group cut shares of Finward Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, March 17th.

Finward Bancorp Stock Up 0.3 %

FNWD stock opened at $30.81 on Friday. The stock has a market capitalization of $133.25 million, a P/E ratio of 10.89 and a beta of 0.28. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. Finward Bancorp has a 1-year low of $23.50 and a 1-year high of $33.50. The business has a fifty day moving average price of $29.10 and a 200-day moving average price of $29.15.

Finward Bancorp (NASDAQ:FNWD) last issued its earnings results on Wednesday, April 30th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $15.54 million during the quarter, compared to analyst estimates of $16.25 million. Finward Bancorp had a return on equity of 7.91% and a net margin of 10.85%. Equities analysts forecast that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Finward Bancorp

In related news, Director Carolyn M. Burke bought 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average cost of $26.80 per share, for a total transaction of $26,800.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $26,800. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Youman purchased 1,400 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $27.76 per share, with a total value of $38,864.00. Following the acquisition, the director now directly owns 22,773 shares of the company’s stock, valued at $632,178.48. This trade represents a 6.55 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 6,472 shares of company stock worth $174,563 in the last three months. 13.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Finward Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNWD. Finward Bancorp purchased a new position in Finward Bancorp during the fourth quarter valued at approximately $4,175,000. PL Capital Advisors LLC lifted its stake in shares of Finward Bancorp by 0.3% during the 4th quarter. PL Capital Advisors LLC now owns 355,716 shares of the company’s stock valued at $9,999,000 after buying an additional 894 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Finward Bancorp by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock worth $1,237,000 after buying an additional 2,825 shares during the period. Alliancebernstein L.P. increased its stake in Finward Bancorp by 10.6% in the 4th quarter. Alliancebernstein L.P. now owns 344,926 shares of the company’s stock worth $9,696,000 after buying an additional 33,036 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in Finward Bancorp during the fourth quarter valued at about $221,000. 26.59% of the stock is owned by hedge funds and other institutional investors.

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.