Finward Bancorp (NASDAQ:FNWD) Stock Price Down 0.1% - Should You Sell?

Finward Bancorp (NASDAQ:FNWD - Get Free Report)'s share price fell 0.1% during mid-day trading on Tuesday . The stock traded as low as $31.56 and last traded at $31.77. 1,964 shares were traded during trading, a decline of 70% from the average session volume of 6,488 shares. The stock had previously closed at $31.79.

Wall Street Analyst Weigh In

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

Finward Bancorp Trading Down 0.0 %

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 firm has a fifty day simple moving average of $28.85 and a two-hundred day simple moving average of $26.33. The firm has a market capitalization of $136.89 million, a P/E ratio of 8.82 and a beta of 0.53.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.12. The company had revenue of $24.70 million during the quarter. Finward Bancorp had a return on equity of 9.26% and a net margin of 12.00%. On average, equities research analysts anticipate that Finward Bancorp will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Finward Bancorp

Institutional investors have recently made changes to their positions in the stock. Global Financial Private Client LLC bought a new stake in Finward Bancorp during the 1st quarter worth approximately $26,000. Dimensional Fund Advisors LP bought a new position in shares of Finward Bancorp in the second quarter worth $329,000. Black Maple Capital Management LP purchased a new stake in shares of Finward Bancorp in the first quarter worth $612,000. Vanguard Group Inc. boosted its stake in Finward Bancorp by 3.4% during the first quarter. Vanguard Group Inc. now owns 159,750 shares of the company's stock valued at $3,930,000 after buying an additional 5,206 shares during the period. Finally, PL Capital Advisors LLC grew its position in Finward Bancorp by 257.6% during the first quarter. PL Capital Advisors LLC now owns 354,822 shares of the company's stock worth $8,729,000 after buying an additional 255,595 shares in the last quarter. Hedge funds and other 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.