Finward Bancorp (NASDAQ:FNWD) Stock Price Down 1.7% – What’s Next?

Finward Bancorp (NASDAQ:FNWD)’s stock price fell 1.7% during trading on Tuesday . The company traded as low as $31.83 and last traded at $31.87. 10,372 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 36,392 shares. The stock had previously closed at $32.41.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Finward Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Finward Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Finward Bancorp Stock Down 1.7%

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $137.84 million, a P/E ratio of 25.70 and a beta of 0.30. The company’s 50-day simple moving average is $29.04 and its two-hundred day simple moving average is $29.11.

Finward Bancorp (NASDAQ:FNWD) last issued its earnings results on Tuesday, July 29th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.26. Finward Bancorp had a net margin of 5.23% and a return on equity of 3.45%. The company had revenue of $16.63 million during the quarter, compared to the consensus estimate of $16.85 million. As a group, research analysts expect that Finward Bancorp will post 0.9 earnings per share for the current year.

Finward Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. Finward Bancorp’s dividend payout ratio is currently 38.71%.

Hedge Funds Weigh In On Finward Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of FNWD. Geode Capital Management LLC boosted its position in shares of Finward Bancorp by 99.7% during the second quarter. Geode Capital Management LLC now owns 81,669 shares of the company’s stock worth $2,256,000 after acquiring an additional 40,778 shares during the last quarter. PL Capital Advisors LLC boosted its position in shares of Finward Bancorp by 11.2% during the first quarter. PL Capital Advisors LLC now owns 395,716 shares of the company’s stock worth $11,515,000 after acquiring an additional 40,000 shares during the last quarter. OLD National Bancorp IN bought a new position in shares of Finward Bancorp during the second quarter worth $442,000. Los Angeles Capital Management LLC bought a new position in shares of Finward Bancorp during the second quarter worth $213,000. Finally, Northern Trust Corp boosted its position in shares of Finward Bancorp by 37.5% during the fourth quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock worth $422,000 after acquiring an additional 4,098 shares during the last quarter. Institutional investors own 26.59% of the company’s stock.

Finward Bancorp Company Profile

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.