Finward Bancorp (FNWD) To Go Ex-Dividend on April 22nd

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Friday, March 22nd, Zacks reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.12 per share on Monday, May 6th. This represents a $0.48 dividend on an annualized basis and a dividend 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 dividend payout ratio of 32.0% indicating that 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 Stock Performance

NASDAQ FNWD opened at $24.70 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.54. Finward Bancorp has a 52-week low of $17.29 and a 52-week high of $30.23. The business’s 50-day moving average price is $24.02 and its 200 day moving average price is $22.91. The firm has a market cap of $106.21 million, a P/E ratio of 12.73 and a beta of 0.54.

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

Institutional Investors Weigh In On Finward Bancorp

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Finward Bancorp by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 154,544 shares of the company’s stock valued at $3,901,000 after purchasing an additional 4,962 shares in the last quarter. Northern Trust Corp boosted 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 valued at $364,000 after purchasing an additional 4,948 shares in the last quarter. US Bancorp DE purchased a new stake in Finward Bancorp in the 4th quarter valued at approximately $25,000. Finally, UBS Group AG boosted 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 valued at $108,000 after purchasing an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 26.59% of the company’s stock.

About Finward Bancorp

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.