Finward Bancorp (NASDAQ:FNWD) Trading 0.7% Higher - Time to Buy?

Shares of Finward Bancorp (NASDAQ:FNWD - Get Free Report) traded up 0.7% during mid-day trading on Wednesday . The stock traded as high as $28.45 and last traded at $28.22. 4,788 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 6,920 shares. The stock had previously closed at $28.03.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Hovde Group cut Finward Bancorp from an "outperform" rating to a "market perform" rating in a report on Monday, March 17th. Stephens lifted their target price on Finward Bancorp from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd.

Finward Bancorp Stock Up 0.1%

The company has a fifty day moving average price of $29.27 and a 200-day moving average price of $28.55. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $122.21 million, a P/E ratio of 36.69 and a beta of 0.25.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Finward Bancorp had a return on equity of 2.16% and a net margin of 3.28%. The company had revenue of $15.54 million for the quarter, compared to analysts' expectations of $16.25 million. As a group, research analysts forecast that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Finward Bancorp

Several large investors have recently added to or reduced their stakes in the stock. PL Capital Advisors LLC increased its stake in Finward Bancorp by 11.2% during the first quarter. PL Capital Advisors LLC now owns 395,716 shares of the company's stock worth $11,515,000 after acquiring an additional 40,000 shares during the last quarter. Northern Trust Corp boosted its position 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 period. Dimensional Fund Advisors LP boosted its position in shares of Finward Bancorp by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company's stock valued at $496,000 after buying an additional 1,393 shares during the period. Finward Bancorp purchased a new position in shares of Finward Bancorp during the fourth quarter valued at approximately $4,175,000. Finally, Alliancebernstein L.P. boosted its position in shares of Finward Bancorp by 10.6% during the fourth quarter. Alliancebernstein L.P. now owns 344,926 shares of the company's stock valued at $9,696,000 after buying an additional 33,036 shares during the period. 26.59% of the stock is owned by institutional investors.

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.