Finward Bancorp (NASDAQ:FNWD) Stock Price Down 1.9% – Time to Sell?

Finward Bancorp (NASDAQ:FNWD) was down 1.9% during mid-day trading on Thursday . The stock traded as low as $35.96 and last traded at $36.50. Approximately 3,067 shares were traded during trading, a decline of 76% from the average daily volume of 12,529 shares. The stock had previously closed at $37.22.

Analyst Ratings Changes

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

Finward Bancorp Trading Down 1.9%

The stock has a fifty day simple moving average of $36.70 and a 200 day simple moving average of $34.29. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $158.05 million, a P/E ratio of 19.41 and a beta of 0.33.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). Finward Bancorp had a net margin of 8.00% and a return on equity of 5.15%. The company had revenue of $16.52 million for the quarter, compared to analysts’ expectations of $18.25 million. As a group, research analysts forecast that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Wednesday, December 17th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%. Finward Bancorp’s payout ratio is presently 25.53%.

Institutional Investors Weigh In On Finward Bancorp

Several large investors have recently bought and sold shares of the business. CWM LLC raised its stake in shares of Finward Bancorp by 49.0% in the fourth quarter. CWM LLC now owns 897 shares of the company’s stock valued at $32,000 after acquiring an additional 295 shares during the period. Renaissance Technologies LLC raised its position in Finward Bancorp by 0.7% in the 4th quarter. Renaissance Technologies LLC now owns 49,434 shares of the company’s stock worth $1,740,000 after purchasing an additional 358 shares during the period. Barclays PLC lifted its stake in Finward Bancorp by 11.1% in the fourth quarter. Barclays PLC now owns 5,403 shares of the company’s stock worth $190,000 after purchasing an additional 541 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Finward Bancorp by 42.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,898 shares of the company’s stock valued at $67,000 after buying an additional 566 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Finward Bancorp by 98.9% in the third quarter. BNP Paribas Financial Markets now owns 1,291 shares of the company’s stock worth $41,000 after purchasing an additional 642 shares during the period. Institutional investors own 26.59% of the company’s stock.

About Finward Bancorp

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.