Finward Bancorp (NASDAQ:FNWD) Issues Earnings Results

Finward Bancorp (NASDAQ:FNWD - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.04), Yahoo Finance reports. Finward Bancorp had a return on equity of 9.26% and a net margin of 12.00%. The business had revenue of $14.87 million during the quarter.

Finward Bancorp Stock Down 0.7 %

Shares of NASDAQ:FNWD traded down $0.23 during trading hours on Wednesday, hitting $31.00. The company's stock had a trading volume of 409 shares, compared to its average volume of 6,171. Finward Bancorp has a 52 week low of $18.06 and a 52 week high of $33.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $133.73 million, a price-to-earnings ratio of 10.13 and a beta of 0.53. The firm's fifty day moving average price is $29.91 and its 200 day moving average price is $27.00.

Finward Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a $0.12 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.48 annualized dividend and a yield of 1.55%. Finward Bancorp's dividend payout ratio (DPR) is 15.69%.

Analysts Set New Price Targets

Separately, Hovde Group raised shares of Finward Bancorp from a "market perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Friday, September 6th.

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.