Finward Bancorp (NASDAQ:FNWD) Issues Earnings Results, Misses Expectations By $0.04 EPS

Finward Bancorp (NASDAQ:FNWDGet Free Report) posted its earnings results on Tuesday. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04), Yahoo Finance reports. The company had revenue of $14.87 million during the quarter. Finward Bancorp had a return on equity of 7.73% and a net margin of 10.44%.

Finward Bancorp Stock Up 0.0 %

Shares of NASDAQ:FNWD traded up $0.01 during midday trading on Friday, reaching $31.25. The company’s stock had a trading volume of 2,516 shares, compared to its average volume of 2,210. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $30.07 and a 200-day moving average of $27.06. The firm has a market capitalization of $134.69 million, a P/E ratio of 11.62 and a beta of 0.53. Finward Bancorp has a 12-month low of $18.06 and a 12-month high of $33.05.

Finward Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, October 18th. Finward Bancorp’s dividend payout ratio (DPR) is presently 17.84%.

Analysts Set New Price Targets

Separately, Hovde Group raised 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.

Check Out Our Latest Stock Report on Finward Bancorp

About Finward Bancorp

(Get Free Report)

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.

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Earnings History for Finward Bancorp (NASDAQ:FNWD)

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