Finward Bancorp (NASDAQ:FNWD) Upgraded at 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 equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Separately, Stephens boosted their target price 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 Price Performance

FNWD stock traded up $0.04 during trading on Friday, hitting $27.63. The company had a trading volume of 2,901 shares, compared to its average volume of 16,695. The company has a fifty day moving average price of $28.18 and a two-hundred day moving average price of $28.45. 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 cap of $119.62 million, a P/E ratio of 22.28 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.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $16.85 million. Equities research analysts expect that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new position in Finward Bancorp during the fourth quarter valued at approximately $221,000. Northern Trust Corp boosted its position in 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 purchasing an additional 4,098 shares during the last quarter. OLD National Bancorp IN acquired a new position in Finward Bancorp during the second quarter valued at approximately $442,000. Dimensional Fund Advisors LP boosted its position in 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 purchasing an additional 1,393 shares during the last quarter. Finally, Finward Bancorp acquired a new position in Finward Bancorp during the fourth quarter valued at approximately $4,175,000. 26.59% of the stock is owned by institutional investors and hedge funds.

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.