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

Finward Bancorp (NASDAQ:FNWD) announced 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 dividend on an annualized basis and a dividend yield of 1.59%.

Finward Bancorp has decreased its dividend by an average of 9.1% per year over the last three years. Finward Bancorp has a dividend payout ratio of 45.7% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

NASDAQ:FNWD opened at $30.21 on Friday. Finward Bancorp has a 12-month low of $22.82 and a 12-month high of $33.50. The firm has a market cap of $130.33 million, a price-to-earnings ratio of 11.23 and a beta of 0.52. The company’s 50-day moving average is $31.07 and its two-hundred day moving average is $28.69. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings data 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 firm had revenue of $14.87 million for the quarter. Finward Bancorp had a net margin of 10.44% and a return on equity of 7.60%. Research analysts expect that Finward Bancorp will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Hovde Group raised Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Friday, September 6th.

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.