Finward Bancorp (NASDAQ:FNWD) Trading 0.7% Higher - Here's What Happened

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

Analysts Set New Price Targets

A number of brokerages recently commented on FNWD. Stephens raised their target price on Finward Bancorp from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Hovde Group lowered Finward Bancorp from an "outperform" rating to a "market perform" rating in a research report on Monday, March 17th.

Finward Bancorp Stock Down 1.3%

The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $120.76 million, a PE ratio of 36.22 and a beta of 0.25. The firm has a 50 day simple moving average of $29.22 and a two-hundred day simple moving average of $28.54.

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 (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $15.54 million during the quarter, compared to analysts' expectations of $16.25 million. Finward Bancorp had a return on equity of 2.16% and a net margin of 3.28%. Research analysts expect that Finward Bancorp will post 0.9 EPS for the current year.

Institutional Investors Weigh In On Finward Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC acquired a new position in shares of Finward Bancorp in the 4th quarter valued at about $221,000. Northern Trust Corp lifted its position in Finward Bancorp by 37.5% during the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company's stock worth $422,000 after acquiring an additional 4,098 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Finward Bancorp by 8.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company's stock worth $496,000 after acquiring an additional 1,393 shares in the last quarter. Finward Bancorp acquired a new position in Finward Bancorp during the 4th quarter worth approximately $4,175,000. Finally, Alliancebernstein L.P. lifted its position in Finward Bancorp by 10.6% during the 4th quarter. Alliancebernstein L.P. now owns 344,926 shares of the company's stock worth $9,696,000 after acquiring an additional 33,036 shares in the last quarter. 26.59% of the stock is currently owned by institutional investors and hedge funds.

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.