Finward Bancorp (NASDAQ:FNWD – Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Wednesday, November 18th will be given a dividend of $0.12 per share on Wednesday, December 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, November 18th.
Finward Bancorp has decreased its dividend by an average of 0.2% per year over the last three years. Finward Bancorp has a dividend payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings.
Finward Bancorp Trading Up 2.3%
Shares of FNWD opened at $44.66 on Thursday. The business’s 50-day moving average price is $42.73 and its 200 day moving average price is $38.26. The stock has a market capitalization of $193.38 million, a P/E ratio of 25.23 and a beta of 0.13. Finward Bancorp has a 1-year low of $30.05 and a 1-year high of $45.90. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.
Finward Bancorp (NASDAQ:FNWD – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.41). Finward Bancorp had a return on equity of 4.39% and a net margin of 7.52%. The company had revenue of $18.60 million for the quarter, compared to analyst estimates of $19.40 million.
About Finward Bancorp
Finward Bancorp (NASDAQ: FNWD) is a bank holding company headquartered in Munster, Indiana. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, families, businesses and organizations.
Peoples Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, commercial financing and other banking services. The bank also provides digital banking tools and services designed to support customers with everyday account management and financial transactions.
Finward Bancorp serves communities in northwest Indiana and the greater Chicago metropolitan area, including portions of Illinois.
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