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

Finward Bancorp (NASDAQ:FNWD) declared a quarterly dividend on Friday, March 22nd, Zacks reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.12 per share on Monday, May 6th. This represents a $0.48 annualized dividend and a yield of 1.94%. The ex-dividend date is Monday, April 22nd.

Finward Bancorp has decreased its dividend by an average of 5.4% per year over the last three years. Finward Bancorp has a payout ratio of 32.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Finward Bancorp to earn $1.40 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 34.3%.

Finward Bancorp Trading Down 0.5 %

NASDAQ FNWD opened at $24.70 on Friday. The stock has a market capitalization of $106.19 million, a price-to-earnings ratio of 12.73 and a beta of 0.54. Finward Bancorp has a one year low of $17.29 and a one year high of $30.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.84 and a quick ratio of 0.84. The business’s fifty day moving average is $24.02 and its 200-day moving average is $22.92.

Finward Bancorp (NASDAQ:FNWD) last released its earnings results on Tuesday, January 30th. The company reported $0.35 EPS for the quarter. The company had revenue of $15.45 million for the quarter. Finward Bancorp had a return on equity of 6.17% and a net margin of 8.68%. Equities research analysts predict that Finward Bancorp will post 1.2 EPS for the current year.

Institutional Investors Weigh In On Finward Bancorp

A number of hedge funds have recently made changes to their positions in the business. US Bancorp DE purchased a new stake in Finward Bancorp in the 4th quarter worth about $25,000. UBS Group AG increased its holdings in Finward Bancorp by 11.7% in the 3rd quarter. UBS Group AG now owns 4,874 shares of the company’s stock worth $108,000 after acquiring an additional 510 shares during the last quarter. Northern Trust Corp increased its holdings in Finward Bancorp by 52.2% in the 4th quarter. Northern Trust Corp now owns 14,420 shares of the company’s stock worth $364,000 after acquiring an additional 4,948 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Finward Bancorp by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 149,582 shares of the company’s stock worth $3,310,000 after acquiring an additional 933 shares during the last quarter. 26.59% of the stock is currently owned by institutional investors.

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.