Finward Bancorp (FNWD) To Go Ex-Dividend on June 17th

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

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% meaning its dividend is sufficiently covered by earnings.

Finward Bancorp Price Performance

Shares of NASDAQ FNWD opened at $32.68 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. Finward Bancorp has a twelve month low of $26.46 and a twelve month high of $39.99. The stock has a 50 day moving average of $33.54 and a two-hundred day moving average of $35.77. The stock has a market cap of $141.50 million, a P/E ratio of 14.27 and a beta of 0.20.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on FNWD shares. Stephens started coverage on Finward Bancorp in a research note on Friday, March 27th. They set an “overweight” rating and a $41.00 price objective for the company. Weiss Ratings downgraded Finward Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Finward Bancorp Company Profile

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.