Finward Bancorp (NASDAQ:FNWD) to Issue $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 paid 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 payment 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. 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 Stock Up 0.9 %

Finward Bancorp stock opened at $30.21 on Friday. Finward Bancorp has a twelve month low of $22.82 and a twelve month high of $33.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $130.33 million, a PE ratio of 11.23 and a beta of 0.52. The firm’s 50 day moving average price is $31.07 and its two-hundred day moving average price is $28.66.

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

Wall Street Analysts Forecast Growth

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