Finward Bancorp (FNWD) to Issue Quarterly Dividend of $0.12 on September 25th

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Friday, September 4th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date 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% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of Finward Bancorp stock opened at $43.54 on Wednesday. Finward Bancorp has a one year low of $30.05 and a one year high of $45.90. The company has a market cap of $188.53 million, a PE ratio of 19.18 and a beta of 0.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50-day simple moving average of $42.44 and a 200-day simple moving average of $37.35.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FNWD shares. Zacks Research raised Finward Bancorp to a “hold” rating in a report on Monday, July 13th. Weiss Ratings cut Finward Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.00.

About Finward Bancorp

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.