Fourthstone LLC Trims Stake in Finward Bancorp (NASDAQ:FNWD)

Fourthstone LLC lessened its stake in Finward Bancorp (NASDAQ:FNWD) by 23.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,520 shares of the company’s stock after selling 41,479 shares during the period. Finward Bancorp comprises approximately 1.0% of Fourthstone LLC’s investment portfolio, making the stock its 24th largest holding. Fourthstone LLC owned 3.19% of Finward Bancorp worth $4,398,000 at the end of the most recent reporting period.

Separately, Dimensional Fund Advisors LP acquired a new position in shares of Finward Bancorp in the 2nd quarter valued at $329,000. 26.59% of the stock is currently owned by institutional investors.

Finward Bancorp Price Performance

NASDAQ FNWD traded up $0.15 during trading hours on Thursday, reaching $30.91. The company’s stock had a trading volume of 4,362 shares, compared to its average volume of 5,948. The firm has a market capitalization of $133.35 million, a price-to-earnings ratio of 11.49 and a beta of 0.53. The company’s 50-day moving average is $31.41 and its two-hundred day moving average is $27.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. Finward Bancorp has a 1-year low of $20.05 and a 1-year high of $33.50.

Finward Bancorp (NASDAQ:FNWD) last announced its earnings results on Tuesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Finward Bancorp had a return on equity of 7.60% and a net margin of 10.44%. The business had revenue of $14.87 million for the quarter. On average, equities analysts predict that Finward Bancorp will post 0.08 EPS for the current year.

Finward Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a $0.12 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.55%. Finward Bancorp’s dividend payout ratio (DPR) is 17.84%.

Wall Street Analyst Weigh In

Separately, Hovde Group raised shares of Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Friday, September 6th.

Finward Bancorp Company Profile

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.