Finward Bancorp (OTCMKTS:FNWD – Get Rating) had its target price upped by analysts at Stephens from $40.00 to $42.00 in a research report issued on Thursday, The Fly reports. Stephens' target price indicates a potential upside of 13.85% from the company's current price.
Finward Bancorp Stock Performance
OTCMKTS:FNWD opened at $36.89 on Thursday. The company's 50-day moving average price is $34.92 and its 200-day moving average price is $35.15. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.48. The company has a market cap of $158.44 million, a P/E ratio of 10.36 and a beta of 0.41. Finward Bancorp has a twelve month low of $30.06 and a twelve month high of $49.70.
Get Finward Bancorp alerts:Finward Bancorp (OTCMKTS:FNWD – Get Rating) last issued its earnings results on Tuesday, October 25th. The company reported $1.10 EPS for the quarter. Finward Bancorp had a net margin of 18.05% and a return on equity of 12.57%. The company had revenue of $20.14 million for the quarter. On average, sell-side analysts forecast that Finward Bancorp will post 4.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Finward Bancorp
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Finward Bancorp by 219.9% in the first quarter. BlackRock Inc. now owns 563 shares of the company's stock valued at $26,000 after purchasing an additional 387 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Finward Bancorp in the second quarter valued at approximately $86,000. Royal Bank of Canada acquired a new position in shares of Finward Bancorp in the first quarter valued at approximately $149,000. UBS Group AG grew its holdings in shares of Finward Bancorp by 9.1% in the third quarter. UBS Group AG now owns 5,086 shares of the company's stock valued at $173,000 after purchasing an additional 426 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Finward Bancorp in the second quarter valued at approximately $206,000. 22.96% of the stock is currently owned by institutional investors and hedge funds.Finward Bancorp Company Profile
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