Finward Bancorp (NASDAQ:FNWD) Releases Earnings Results, Beats Expectations By $0.01 EPS

Finward Bancorp (NASDAQ:FNWD - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01, Zacks reports. Finward Bancorp had a net margin of 10.85% and a return on equity of 7.91%. The business had revenue of $15.54 million for the quarter, compared to analysts' expectations of $16.25 million.

Finward Bancorp Stock Up 0.1 %

Shares of NASDAQ:FNWD traded up $0.02 during mid-day trading on Monday, hitting $30.83. 10,407 shares of the company traded hands, compared to its average volume of 4,619. The firm's 50 day simple moving average is $29.19 and its 200 day simple moving average is $29.13. The firm has a market cap of $133.34 million, a P/E ratio of 10.89 and a beta of 0.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. Finward Bancorp has a 52-week low of $23.50 and a 52-week high of $33.50.

Finward Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, April 28th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Monday, April 28th. Finward Bancorp's payout ratio is 62.34%.

Insider Buying and Selling at Finward Bancorp

In other Finward Bancorp news, Director Robert W. Youman purchased 1,400 shares of Finward Bancorp stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $27.76 per share, with a total value of $38,864.00. Following the completion of the acquisition, the director now owns 22,773 shares of the company's stock, valued at approximately $632,178.48. This trade represents a 6.55 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought 5,272 shares of company stock valued at $142,413 over the last 90 days. 13.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Hovde Group lowered shares of Finward Bancorp from an "outperform" rating to a "market perform" rating in a research report on Monday, March 17th. Stephens boosted their target price on shares of Finward Bancorp from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Friday.

About Finward Bancorp

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.