Hovde Group downgraded Finward Bancorp from Outperform to Market Perform and set a new price target of $30.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/6/2024 | $31.00 | Outperform | Hovde Group |
| 9/6/2024 | Market Perform → Outperform | Hovde Group | |
| 4/27/2023 | $30.00 | Outperform → Market Perform | Hovde Group |
| 1/13/2022 | $56.00 | Overweight | Stephens |
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MUNSTER, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (NASDAQ:FNWD) (the "Bancorp"), the holding company for Peoples Bank (the "Bank"), today announced that net income available to common stockholders was $10.0 million, or $2.35 per diluted share, for the nine months ended September 30, 2024, as compared to $6.9 million, or $1.60 per diluted share, for the corresponding prior year period. For the quarter ended September 30, 2024, the Bancorp's net income totaled $606 thousand, or $0.14 per diluted share, as compared to $143 thousand, or $0.03 per diluted share, for the three months ended June 30, 2024, and as compared to $2.2 million, or $0.51 per diluted share, for the three mo
MUNSTER, Ind., Oct. 11, 2024 (GLOBE NEWSWIRE) -- – Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward"), the holding company for Peoples Bank (the "Bank"), today announced that on September 20, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on October 31, 2024 to shareholders of record at the close of business on October 18, 2024. About Finward Bancorp Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business, electronic and wealt
MUNSTER, Ind., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward"), the holding company for Peoples Bank, an Indiana state-chartered commercial bank (the "Bank"), today announced that the Boards of the Bancorp and the Bank have appointed Martin P. Alwin, Jennifer R. Evans, and Carolyn M. Burke to serve as directors of the Bancorp and the Bank, effective as of September 9, 2024. Mr. Alwin, Ms. Evans, and Ms. Burke each have a wealth of experience in the financial institutions industry, including in the areas of balance sheet management, enterprise risk management, legal and regulatory compliance, strategic initiatives, and finance. Mr. Alwin and M
4 - Finward Bancorp (0000919864) (Issuer)
4 - Finward Bancorp (0000919864) (Issuer)
4 - Finward Bancorp (0000919864) (Issuer)
MUNSTER, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (NASDAQ:FNWD) (the "Bancorp"), the holding company for Peoples Bank (the "Bank"), today announced that net income available to common stockholders was $10.0 million, or $2.35 per diluted share, for the nine months ended September 30, 2024, as compared to $6.9 million, or $1.60 per diluted share, for the corresponding prior year period. For the quarter ended September 30, 2024, the Bancorp's net income totaled $606 thousand, or $0.14 per diluted share, as compared to $143 thousand, or $0.03 per diluted share, for the three months ended June 30, 2024, and as compared to $2.2 million, or $0.51 per diluted share, for the three mo
MUNSTER, Ind., Oct. 11, 2024 (GLOBE NEWSWIRE) -- – Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward"), the holding company for Peoples Bank (the "Bank"), today announced that on September 20, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on October 31, 2024 to shareholders of record at the close of business on October 18, 2024. About Finward Bancorp Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business, electronic and wealt
MUNSTER, Ind., July 30, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (NASDAQ:FNWD) (the "Bancorp"), the holding company for Peoples Bank (the "Bank"), today announced corrections to its press release issued on July 24, 2024. Specifically, the following press release (i) corrects the "Performance Ratios" table set forth in the rear portion of the original press release to include line items for return on equity, return on assets, tax adjusted net interest margin, noninterest income / average assets, noninterest expense / average assets, and efficiency ratio which were inadvertently not included in the version of the original press release issued through the Bancorp's press release distribution
Hovde Group resumed coverage of Finward Bancorp with a rating of Outperform and set a new price target of $31.00
Hovde Group upgraded Finward Bancorp from Market Perform to Outperform
Hovde Group downgraded Finward Bancorp from Outperform to Market Perform and set a new price target of $30.00
10-Q - Finward Bancorp (0000919864) (Filer)
8-K - Finward Bancorp (0000919864) (Filer)
8-K - Finward Bancorp (0000919864) (Filer)
Finward Bancorp (NASDAQ:FNWD) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $(0.01) by 400 percent.
Finward Bancorp (NASDAQ:FNWD) reported quarterly earnings of $2.17 per share which beat the analyst consensus estimate of $0.42 by 416.67 percent. The company reported quarterly sales of $25.255 million which missed the analyst consensus estimate of $27.800 million by 9.15 percent. This is a 46.19 percent increase over sales of $17.276 million the same period last year.
Finward Bancorp (NASDAQ:FNWD) reported quarterly earnings of $0.35 per share which missed the analyst consensus estimate of $0.46 by 23.91 percent. The company reported quarterly sales of $15.45 million which missed the analyst consensus estimate of $16.50 million by 6.36 percent. This is a 21.37 percent decrease over sales of $19.65 million the same period last year.
4 - Finward Bancorp (0000919864) (Issuer)
4 - Finward Bancorp (0000919864) (Issuer)
4 - Finward Bancorp (0000919864) (Issuer)
MUNSTER, Ind., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward"), the holding company for Peoples Bank, an Indiana state-chartered commercial bank (the "Bank"), today announced that the Boards of the Bancorp and the Bank have appointed Martin P. Alwin, Jennifer R. Evans, and Carolyn M. Burke to serve as directors of the Bancorp and the Bank, effective as of September 9, 2024. Mr. Alwin, Ms. Evans, and Ms. Burke each have a wealth of experience in the financial institutions industry, including in the areas of balance sheet management, enterprise risk management, legal and regulatory compliance, strategic initiatives, and finance. Mr. Alwin and M
Munster, Ind, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward") and its wholly-owned subsidiary, Peoples Bank (the "Bank" or "Peoples"), announced today the appointment of Benjamin Schmitt as the Senior Vice President, Chief Financial Officer, and Treasurer of the Bancorp and the Bank, effective February 20, 2024. Mr. Schmitt brings a wealth of experience and expertise to his new role, having spent nearly two decades in the investment banking and corporate advisory industry covering financial institutions primarily within the community banking sector. Most recently, he served as President of Rally Consulting LLC, advising on special projects an
MUNSTER, Ind., June 23, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward") and its wholly-owned subsidiary, Peoples Bank (the "Bank" or "Peoples"), today announced the appointment of David J. Kwait as the Senior Vice President, General Counsel, Corporate Secretary, and Chief Risk Officer of the Bancorp and the Bank, with the appointment to be effective as of June 30, 2023. Mr. Kwait joined the Bank in 2011, when he was hired as an Assistant Vice President, Staff Attorney, Legal Counsel, and Wealth Management Officer. Since then, he has quickly risen through the ranks, holding titles of Assistant Corporate Secretary of the Bancorp and Peoples Bank; Vic