Finward Bancorp (NASDAQ:FNWD) Trading Down 0.1% - Should You Sell?

Key Points

• FNWD shares fell 0.1% to $43.45 on low trading volume, while the stock remains above its 50-day and 200-day moving averages.
• Analyst sentiment is positive, with two Buy ratings and one Hold rating producing a consensus “Moderate Buy”; however, the average price target of $41 is below the current share price.
• Finward Bancorp missed quarterly expectations, reporting $0.48 in EPS versus $0.62 expected and revenue of $17.58 million versus $18.90 million estimated. The company pays a $0.12 quarterly dividend, yielding about 1.1%.

Shares of Finward Bancorp (NASDAQ:FNWD - Get Free Report) were down 0.1% during trading on Monday . The stock traded as low as $43.45 and last traded at $43.45. 5,837 shares changed hands during trading, a decline of 63% from the average session volume of 15,836 shares. The stock had previously closed at $43.50.

Analyst Ratings Changes

A number of research analysts have commented on FNWD shares. Weiss Ratings upgraded Finward Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Zacks Research upgraded shares of Finward Bancorp to a "hold" rating in a report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

Finward Bancorp Trading Down 0.1%

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market cap of $188.14 million, a PE ratio of 19.14 and a beta of 0.16. The company has a fifty day simple moving average of $39.86 and a two-hundred day simple moving average of $36.67.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.14). The company had revenue of $17.58 million for the quarter, compared to analyst estimates of $18.90 million. Finward Bancorp had a return on equity of 5.68% and a net margin of 9.65%. Analysts anticipate that Finward Bancorp will post 2.63 EPS for the current year.

Finward Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, June 17th. Finward Bancorp's dividend payout ratio (DPR) is presently 21.15%.

Hedge Funds Weigh In On Finward Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in shares of Finward Bancorp by 98.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,291 shares of the company's stock valued at $41,000 after acquiring an additional 642 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Finward Bancorp during the third quarter worth approximately $43,000. JPMorgan Chase & Co. lifted its stake in Finward Bancorp by 63.6% during the third quarter. JPMorgan Chase & Co. now owns 2,663 shares of the company's stock worth $85,000 after purchasing an additional 1,035 shares during the last quarter. Bank of America Corp DE boosted its holdings in Finward Bancorp by 5,428.1% in the second quarter. Bank of America Corp DE now owns 1,769 shares of the company's stock valued at $49,000 after purchasing an additional 1,737 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Finward Bancorp in the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 26.59% of the company's stock.

About Finward Bancorp

Finward Bancorp NASDAQ: FNWD is the bank holding company for Finward Bank, a community-focused financial institution serving businesses and individuals across Pennsylvania and Delaware. Through a network of full-service branches and a robust digital banking platform, Finward Bank delivers a range of personal and commercial banking solutions designed to meet the needs of local customers.

The company's core offerings include deposit products such as checking accounts, savings accounts and time deposits, as well as a variety of lending solutions.

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