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

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Friday, September 4th. Shareholders of record on Friday, September 18th will be paid a dividend of 0.12 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 18th.

Finward Bancorp has decreased its dividend by an average of 0.2%annually over the last three years. Finward Bancorp has a dividend payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Finward Bancorp to earn $3.13 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 15.3%.

Finward Bancorp Stock Down 0.2%

FNWD stock opened at $43.54 on Wednesday. The company has a market capitalization of $188.53 million, a P/E ratio of 19.18 and a beta of 0.16. Finward Bancorp has a 12 month low of $30.05 and a 12 month high of $45.90. The firm’s fifty day simple moving average is $42.44 and its 200-day simple moving average is $37.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.88 and a quick ratio of 0.88.

Finward Bancorp (NASDAQ:FNWD) last issued its earnings results on Tuesday, July 28th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.14). Finward Bancorp had a return on equity of 5.68% and a net margin of 9.65%.The business had revenue of $17.58 million for the quarter, compared to analysts’ expectations of $18.90 million. As a group, equities research analysts forecast that Finward Bancorp will post 2.63 earnings per share for the current year.

Finward Bancorp Company Profile

Finward Bancorp is a bank holding company headquartered in Munster, Indiana. Through its principal subsidiary, Peoples Bank, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

Peoples Bank offers a range of financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing, business loans and lines of credit. The bank also provides treasury management, online and mobile banking, and other services designed to support personal and business financial needs.

The company serves customers in Northwest Indiana and the greater Chicago metropolitan area, including communities in northeastern Illinois.