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

Finward Bancorp (NASDAQ:FNWD) declared a quarterly dividend on Friday, December 20th,RTT News reports. Investors of record on Tuesday, January 21st will be given a dividend of 0.12 per share on Monday, February 3rd. This represents a $0.48 annualized dividend and a yield of 1.59%.

Finward Bancorp has decreased its dividend by an average of 9.1% annually over the last three years. Finward Bancorp has a dividend payout ratio of 45.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Finward Bancorp to earn $1.00 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 48.0%.

Finward Bancorp Stock Performance

FNWD stock traded up $0.28 on Friday, hitting $30.21. The company’s stock had a trading volume of 3,755 shares, compared to its average volume of 5,729. Finward Bancorp has a 1 year low of $22.82 and a 1 year high of $33.50. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The stock has a market cap of $130.33 million, a price-to-earnings ratio of 11.23 and a beta of 0.52. The firm has a 50 day moving average of $31.10 and a two-hundred day moving average of $28.62.

Finward Bancorp (NASDAQ:FNWD) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $14.87 million during the quarter. Finward Bancorp had a net margin of 10.44% and a return on equity of 7.60%. Equities analysts predict that Finward Bancorp will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Hovde Group upgraded shares of Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research report 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.