Finward Bancorp (NASDAQ:FNWD) Stock Rating Upgraded by Zacks Research

Finward Bancorp (NASDAQ:FNWD) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also recently commented on FNWD. Weiss Ratings upgraded Finward Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Stephens initiated coverage on Finward Bancorp in a research report on Friday, March 27th. They set an “overweight” rating and a $41.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Finward Bancorp Trading Up 0.1%

Finward Bancorp stock opened at $36.30 on Monday. The firm has a market cap of $157.18 million, a PE ratio of 15.85 and a beta of 0.18. Finward Bancorp has a 12 month low of $26.46 and a 12 month high of $39.99. The stock’s 50 day simple moving average is $33.80 and its two-hundred day simple moving average is $35.20. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

Finward Bancorp (NASDAQ:FNWD) last posted its earnings results on Tuesday, April 28th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.02). The firm had revenue of $17.49 million during the quarter, compared to analyst estimates of $18.45 million. Finward Bancorp had a net margin of 9.72% and a return on equity of 5.92%. Analysts anticipate that Finward Bancorp will post 2.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its position in Finward Bancorp by 49.0% in the 4th quarter. CWM LLC now owns 897 shares of the company’s stock valued at $32,000 after buying an additional 295 shares during the period. Renaissance Technologies LLC increased its holdings in Finward Bancorp by 0.7% during the 4th quarter. Renaissance Technologies LLC now owns 49,434 shares of the company’s stock worth $1,740,000 after purchasing an additional 358 shares during the period. Barclays PLC increased its holdings in Finward Bancorp by 11.1% during the 4th quarter. Barclays PLC now owns 5,403 shares of the company’s stock worth $190,000 after purchasing an additional 541 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Finward Bancorp by 42.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,898 shares of the company’s stock valued at $67,000 after buying an additional 566 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Finward Bancorp by 98.9% during the third quarter. BNP Paribas Financial Markets now owns 1,291 shares of the company’s stock worth $41,000 after buying an additional 642 shares in the last quarter. 26.59% of the stock is currently owned by institutional investors and hedge funds.

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.