Finward Bancorp (NASDAQ:FNWD) Releases Earnings Results, Misses Expectations By $0.41 EPS

Finward Bancorp (NASDAQ:FNWD) announced its quarterly earnings data on Tuesday. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.41), Zacks reports. The company had revenue of $18.60 million for the quarter, compared to analyst estimates of $19.40 million.

Finward Bancorp Stock Up 0.6%

Shares of Finward Bancorp stock opened at $43.79 on Wednesday. The business’s fifty day moving average price is $42.68 and its two-hundred day moving average price is $37.99. Finward Bancorp has a 1-year low of $30.05 and a 1-year high of $45.90.

Finward Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 18th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.48 annualized dividend and a yield of 1.1%.

Wall Street Analysts Forecast Growth

A number of equities 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, September 16th. Zacks Research raised 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Finward Bancorp Company Profile

Finward Bancorp (NASDAQ: FNWD) is a bank holding company headquartered in Munster, Indiana. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Peoples Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, commercial financing and other banking services. The bank also provides digital banking tools and services designed to support customers with everyday account management and financial transactions.

Finward Bancorp serves communities in northwest Indiana and the greater Chicago metropolitan area, including portions of Illinois.