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

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Wednesday, June 3rd. Investors of record on Wednesday, June 17th will be given a dividend of 0.12 per share on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, June 17th.

Finward Bancorp has decreased its dividend payment by an average of 0.2%annually over the last three years. Finward Bancorp has a payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings.

Finward Bancorp Stock Performance

FNWD opened at $32.13 on Thursday. The stock has a market cap of $139.10 million, a P/E ratio of 14.03 and a beta of 0.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $33.62 and its 200 day simple moving average is $35.79. Finward Bancorp has a 1-year low of $26.46 and a 1-year high of $39.99.

Finward Bancorp (NASDAQ:FNWD) last posted its earnings results on Tuesday, April 28th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). Finward Bancorp had a net margin of 9.72% and a return on equity of 5.92%. The company had revenue of $17.49 million during the quarter, compared to analysts’ expectations of $18.45 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FNWD. Goldman Sachs Group Inc. purchased a new position in shares of Finward Bancorp during the 4th quarter worth $1,920,000. Alliancebernstein L.P. lifted its stake in shares of Finward Bancorp by 14.5% during the 3rd quarter. Alliancebernstein L.P. now owns 403,704 shares of the company’s stock worth $12,955,000 after purchasing an additional 51,038 shares during the period. Geode Capital Management LLC increased its holdings in shares of Finward Bancorp by 99.7% during the 2nd quarter. Geode Capital Management LLC now owns 81,669 shares of the company’s stock worth $2,256,000 after buying an additional 40,778 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Finward Bancorp during the 4th quarter worth $360,000. Finally, Marshall Wace LLP acquired a new stake in shares of Finward Bancorp during the 4th quarter worth $280,000. Hedge funds and other institutional investors own 26.59% of the company’s stock.

About Finward Bancorp

Finward Bancorp (NASDAQ: FNWD) is the bank holding company for Finward Bank, a community-focused financial institution serving businesses and individuals across Pennsylvania and Delaware. Through a network of full-service branches and a robust digital banking platform, Finward Bank delivers a range of personal and commercial banking solutions designed to meet the needs of local customers.

The company’s core offerings include deposit products such as checking accounts, savings accounts and time deposits, as well as a variety of lending solutions.