Finward Bancorp (NASDAQ:FNWD) Announces Earnings Results

Finward Bancorp (NASDAQ:FNWD) posted its earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04), Yahoo Finance reports. Finward Bancorp had a net margin of 12.00% and a return on equity of 9.26%. The company had revenue of $14.87 million for the quarter.

Finward Bancorp Trading Down 0.0 %

Shares of NASDAQ:FNWD opened at $31.23 on Wednesday. The stock’s 50-day simple moving average is $29.83 and its two-hundred day simple moving average is $26.95. The stock has a market capitalization of $134.73 million, a price-to-earnings ratio of 10.21 and a beta of 0.53. 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 quick ratio of 0.86 and a current ratio of 0.86.

Finward Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, October 18th. Finward Bancorp’s dividend payout ratio (DPR) is presently 15.69%.

Analyst Upgrades and Downgrades

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

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.