Finward Bancorp Declares Quarterly Dividend of $0.12 (NASDAQ:FNWD)

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Monday, October 14th, Wall Street Journal reports. Shareholders of record on Friday, October 18th will be paid a dividend of 0.12 per share on Thursday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, October 18th.

Finward Bancorp has decreased its dividend payment by an average of 9.1% annually over the last three years. Finward Bancorp has a dividend payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Finward Bancorp to earn $0.70 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 68.6%.

Finward Bancorp Price Performance

NASDAQ FNWD opened at $31.32 on Tuesday. Finward Bancorp has a 12 month low of $17.29 and a 12 month high of $33.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $134.99 million, a PE ratio of 8.70 and a beta of 0.53. The company’s 50 day simple moving average is $29.06 and its 200 day simple moving average is $26.49.

Finward Bancorp (NASDAQ:FNWD) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.12. Finward Bancorp had a net margin of 12.00% and a return on equity of 9.26%. The business had revenue of $24.70 million for the quarter. As a group, equities research analysts forecast that Finward Bancorp will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Hovde Group upgraded shares of Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note 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.