Finward Bancorp (NASDAQ:FNWD) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Finward Bancorp from a "sell" rating to a "hold" rating in a recent report.
• Stephens raised their price target for Finward Bancorp from $32.00 to $34.00, assigning the stock an "overweight" rating.
• The company's latest quarterly earnings report showed an EPS of $0.50, exceeding analysts' expectations significantly.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Separately, Stephens boosted their price target on shares of Finward Bancorp from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd.

Finward Bancorp Price Performance

Shares of FNWD stock traded up $0.02 during trading hours on Friday, reaching $27.54. The company's stock had a trading volume of 145,010 shares, compared to its average volume of 16,733. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. Finward Bancorp has a fifty-two week low of $26.12 and a fifty-two week high of $33.50. The company has a market capitalization of $119.14 million, a price-to-earnings ratio of 22.21 and a beta of 0.27. The firm's 50 day simple moving average is $28.29 and its 200-day simple moving average is $28.46.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.26. Finward Bancorp had a return on equity of 3.45% and a net margin of 5.23%. The firm had revenue of $16.63 million during the quarter, compared to analyst estimates of $16.85 million. Sell-side analysts forecast that Finward Bancorp will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. PL Capital Advisors LLC grew its position in Finward Bancorp by 11.2% in 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 in the last quarter. Alliancebernstein L.P. raised its stake in Finward Bancorp by 10.6% in the fourth quarter. Alliancebernstein L.P. now owns 344,926 shares of the company's stock worth $9,696,000 after buying an additional 33,036 shares in the last quarter. Finward Bancorp bought a new position in shares of Finward Bancorp during the fourth quarter valued at approximately $4,175,000. Dimensional Fund Advisors LP lifted its stake in shares of Finward Bancorp by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company's stock worth $496,000 after buying an additional 1,393 shares in the last quarter. Finally, OLD National Bancorp IN purchased a new stake in Finward Bancorp in the second quarter worth approximately $442,000. Institutional investors own 26.59% of the company's stock.

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.