Finward Bancorp (NASDAQ:FNWD) Issues Quarterly Earnings Results

Key Points

• Finward Bancorp (NASDAQ:FNWD) reported earnings of $0.50 EPS, surpassing analysts' expectations by $0.26 EPS.
• The company’s stock saw a slight increase of 0.0% and trades at $27.80 with a market cap of $120.26 million.
• Analyst ratings were positive, with Stephens raising the target price for Finward Bancorp shares from $32.00 to $34.00 and issuing an "overweight" rating.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) posted its earnings results on Tuesday. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.24 by $0.26, Zacks reports. The firm had revenue of $16.63 million during the quarter, compared to the consensus estimate of $16.85 million. Finward Bancorp had a return on equity of 3.45% and a net margin of 5.23%.

Finward Bancorp Trading Down 0.8%

Shares of Finward Bancorp stock traded down $0.21 during midday trading on Friday, reaching $27.52. The company had a trading volume of 106,282 shares, compared to its average volume of 49,981. The stock has a fifty day moving average price of $28.29 and a 200 day moving average price of $28.44. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $119.16 million, a PE ratio of 22.19 and a beta of 0.27. Finward Bancorp has a fifty-two week low of $26.12 and a fifty-two week high of $33.50.

Analyst Upgrades and Downgrades

Several research firms have commented on FNWD. Wall Street Zen upgraded Finward Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday. Stephens raised their price objective on Finward Bancorp from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd.

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.