Finward Bancorp (FNWD) Expected to Announce Earnings on Wednesday

Finward Bancorp (NASDAQ:FNWD - Get Free Report) is expected to be announcing its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.10 per share and revenue of $16.25 million for the quarter.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.31. Finward Bancorp had a return on equity of 7.91% and a net margin of 10.85%.

Finward Bancorp Price Performance

Shares of FNWD traded up $0.36 during mid-day trading on Friday, hitting $30.15. The company's stock had a trading volume of 15,866 shares, compared to its average volume of 4,340. The firm has a market capitalization of $130.40 million, a P/E ratio of 10.65 and a beta of 0.28. Finward Bancorp has a 1-year low of $23.50 and a 1-year high of $33.50. The firm has a 50-day simple moving average of $28.25 and a 200 day simple moving average of $29.19. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.

Finward Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, April 28th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Monday, April 28th. Finward Bancorp's dividend payout ratio is currently 16.96%.

Insider Transactions at Finward Bancorp

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

Wall Street Analysts Forecast Growth

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

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.