OLD National Bancorp IN bought a new stake in Finward Bancorp (NASDAQ:FNWD - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,000 shares of the company's stock, valued at approximately $442,000. OLD National Bancorp IN owned about 0.37% of Finward Bancorp at the end of the most recent quarter.
Separately, PL Capital Advisors LLC grew its position in Finward Bancorp by 11.2% during the first quarter. PL Capital Advisors LLC now owns 395,716 shares of the company's stock valued at $11,515,000 after acquiring an additional 40,000 shares during the period. Institutional investors own 26.59% of the company's stock.
Finward Bancorp Price Performance
Shares of NASDAQ FNWD opened at $31.80 on Wednesday. Finward Bancorp has a 1-year low of $26.12 and a 1-year high of $33.50. The business has a 50-day moving average of $30.79 and a 200-day moving average of $29.69. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $137.38 million, a price-to-earnings ratio of 25.65 and a beta of 0.31.
Finward Bancorp (NASDAQ:FNWD - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.26. Finward Bancorp had a return on equity of 3.45% and a net margin of 5.23%.The company had revenue of $16.63 million during the quarter, compared to the consensus estimate of $16.85 million. On average, equities analysts anticipate that Finward Bancorp will post 0.9 EPS for the current fiscal year.
Finward Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Finward Bancorp's dividend payout ratio is presently 38.71%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Wall Street Zen raised Finward Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Finward Bancorp in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $34.00.
View Our Latest Report on FNWD
About Finward Bancorp
(
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.
See Also
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