26,580 Shares in Finward Bancorp $FNWD Acquired by Raffles Associates LP

Raffles Associates LP purchased a new stake in Finward Bancorp (NASDAQ:FNWD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,580 shares of the company’s stock, valued at approximately $978,000. Finward Bancorp accounts for approximately 0.9% of Raffles Associates LP’s portfolio, making the stock its 24th biggest position.

Other institutional investors also recently modified their holdings of the company. CWM LLC increased its holdings in Finward Bancorp by 49.0% in the fourth quarter. CWM LLC now owns 897 shares of the company’s stock valued at $32,000 after purchasing an additional 295 shares during the period. BNP Paribas Financial Markets raised 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 acquiring an additional 642 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Finward Bancorp in the third quarter worth approximately $43,000. JPMorgan Chase & Co. bought a new stake in Finward Bancorp in the second quarter valued at approximately $45,000. Finally, Bank of America Corp DE increased its position in Finward Bancorp by 5,428.1% during the 2nd 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 during the period. Institutional investors own 26.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FNWD. Weiss Ratings raised shares of Finward Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Zacks Research raised shares of Finward Bancorp to a “hold” rating in a research report on Monday, July 13th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Finward Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Finward Bancorp Trading Down 0.9%

Shares of Finward Bancorp stock opened at $43.06 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. Finward Bancorp has a 52 week low of $30.05 and a 52 week high of $45.90. The stock has a 50 day moving average price of $40.04 and a two-hundred day moving average price of $36.71. The stock has a market capitalization of $186.45 million, a PE ratio of 18.97 and a beta of 0.16.

Finward Bancorp (NASDAQ:FNWD) last issued its earnings results on Tuesday, July 28th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.14). Finward Bancorp had a return on equity of 5.68% and a net margin of 9.65%.The firm had revenue of $17.58 million for the quarter, compared to analyst estimates of $18.90 million. As a group, equities analysts anticipate that Finward Bancorp will post 2.63 earnings per share for the current fiscal year.

Finward Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, June 17th. Finward Bancorp’s payout ratio is 21.15%.

Finward Bancorp Company Profile

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.