Finward Bancorp (NASDAQ:FNWD – Get Free Report) was downgraded by analysts at Hovde Group from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, MarketBeat.com reports.
Finward Bancorp Stock Performance
Shares of NASDAQ FNWD opened at $29.45 on Monday. Finward Bancorp has a one year low of $23.50 and a one year high of $33.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $127.05 million, a price-to-earnings ratio of 10.41 and a beta of 0.53. The stock’s fifty day moving average price is $27.10 and its two-hundred day moving average price is $29.24.
Finward Bancorp (NASDAQ:FNWD – Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.31. Finward Bancorp had a net margin of 10.85% and a return on equity of 7.91%. On average, equities analysts forecast that Finward Bancorp will post 0.9 EPS for the current year.
Insider Activity
Institutional Investors Weigh In On Finward Bancorp
A number of large investors have recently modified their holdings of FNWD. Commonwealth Equity Services LLC bought a new stake in shares of Finward Bancorp during the 4th quarter worth $221,000. Northern Trust Corp raised its stake in Finward Bancorp by 37.5% during the fourth quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock worth $422,000 after acquiring an additional 4,098 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 acquiring an additional 1,393 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Finward Bancorp by 7.9% in the third quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock worth $1,237,000 after acquiring an additional 2,825 shares during the last quarter. Finally, Finward Bancorp acquired a new stake in shares of Finward Bancorp in the 4th quarter valued at approximately $4,175,000. Institutional investors and hedge funds 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.
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