PL Capital Advisors LLC Raises Holdings in Finward Bancorp $FNWD

Key Points

• PL Capital Advisors LLC increased its stake in Finward Bancorp by 11.2%, now owning 395,716 shares valued at approximately $11.5 million.
• Finward Bancorp recently declared a quarterly dividend of $0.12 per share, with a dividend yield of 1.6% and a payout ratio of 38.71%.
• The company reported earnings of $0.50 per share, beating analyst expectations, and has a market cap of approximately $127.92 million.

PL Capital Advisors LLC boosted its stake in shares of Finward Bancorp (NASDAQ:FNWD - Free Report) by 11.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 395,716 shares of the company's stock after acquiring an additional 40,000 shares during the quarter. Finward Bancorp comprises about 3.9% of PL Capital Advisors LLC's investment portfolio, making the stock its 9th biggest position. PL Capital Advisors LLC owned 9.15% of Finward Bancorp worth $11,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Northern Trust Corp grew its stake in shares of Finward Bancorp by 37.5% during the fourth quarter. Northern Trust Corp now owns 15,021 shares of the company's stock valued at $422,000 after buying an additional 4,098 shares during the last quarter. Institutional investors own 26.59% of the company's stock.

Finward Bancorp Stock Up 0.1%

Shares of NASDAQ:FNWD opened at $29.61 on Monday. Finward Bancorp has a 52-week low of $26.12 and a 52-week high of $33.50. The stock has a market cap of $127.92 million, a P/E ratio of 23.88 and a beta of 0.27. The business's 50 day moving average is $28.10 and its 200 day moving average is $28.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.42.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.26. The business had revenue of $16.63 million for the quarter, compared to analysts' expectations of $16.85 million. Finward Bancorp had a return on equity of 3.45% and a net margin of 5.23%. Sell-side analysts predict that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.6%. Finward Bancorp's dividend payout ratio (DPR) is presently 38.71%.

Analysts Set New Price Targets

FNWD has been the topic of a number of analyst reports. Wall Street Zen raised Finward Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Stephens increased their price objective on Finward Bancorp from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd.

Finward Bancorp 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.

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