Finward Bancorp (NASDAQ:FNWD) Posts Earnings Results, Misses Estimates By $0.41 EPS

Finward Bancorp (NASDAQ:FNWD) released its quarterly earnings data on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.41), Zacks reports. The company had revenue of $18.60 million for the quarter, compared to the consensus estimate of $19.40 million. Finward Bancorp had a net margin of 9.65% and a return on equity of 5.68%.

Finward Bancorp Trading Down 0.2%

NASDAQ FNWD opened at $43.69 on Thursday. Finward Bancorp has a 1 year low of $30.05 and a 1 year high of $45.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.88. The company has a fifty day moving average of $42.66 and a 200 day moving average of $38.03. The company has a market capitalization of $189.18 million, a PE ratio of 19.25 and a beta of 0.15.

Finward Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 18th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. Finward Bancorp’s payout ratio is 21.15%.

Analyst Upgrades and Downgrades

FNWD has been the topic of several recent analyst reports. Weiss Ratings upgraded Finward Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, September 16th. Zacks Research upgraded shares of Finward Bancorp to a “hold” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Finward Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

About Finward Bancorp

Finward Bancorp (NASDAQ: FNWD) is a bank holding company headquartered in Munster, Indiana. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Peoples Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, commercial financing and other banking services. The bank also provides digital banking tools and services designed to support customers with everyday account management and financial transactions.

Finward Bancorp serves communities in northwest Indiana and the greater Chicago metropolitan area, including portions of Illinois.