Finward Bancorp (OTCMKTS:FNWD) Stock Price Up 0.7%

Finward Bancorp (OTCMKTS:FNWD)’s stock price rose 0.7% during mid-day trading on Wednesday . The stock traded as high as $24.77 and last traded at $24.77. Approximately 1,078 shares were traded during trading, a decline of 89% from the average daily volume of 9,871 shares. The stock had previously closed at $24.60.

Finward Bancorp Stock Down 0.5 %

The company has a 50-day simple moving average of $24.00 and a 200-day simple moving average of $22.88. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $106.19 million, a PE ratio of 12.79 and a beta of 0.54.

Finward Bancorp (OTCMKTS:FNWD) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.35 earnings per share for the quarter. Finward Bancorp had a net margin of 14.46% and a return on equity of 10.52%. The firm had revenue of $15.45 million during the quarter. Analysts expect that Finward Bancorp will post 2.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Finward Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Finward Bancorp by 89.8% during the second quarter. BlackRock Inc. now owns 19,553 shares of the company’s stock valued at $422,000 after buying an additional 9,250 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Finward Bancorp by 13.8% during the second quarter. Geode Capital Management LLC now owns 29,267 shares of the company’s stock valued at $667,000 after buying an additional 3,548 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of Finward Bancorp by 5.5% during the first quarter. Susquehanna International Group LLP now owns 9,334 shares of the company’s stock valued at $272,000 after buying an additional 488 shares during the last quarter. Morgan Stanley grew its holdings in shares of Finward Bancorp by 272.8% during the fourth quarter. Morgan Stanley now owns 2,013 shares of the company’s stock valued at $73,000 after buying an additional 1,473 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Finward Bancorp by 9.1% during the third quarter. UBS Group AG now owns 5,086 shares of the company’s stock valued at $173,000 after buying an additional 426 shares during the last quarter. 26.59% of the stock is owned by hedge funds and other institutional investors.

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.