Finward Bancorp (NASDAQ:FNWD – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.12 per share on Wednesday, December 2nd. This represents a $0.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, November 18th.
Finward Bancorp has decreased its dividend by an average of 0.2% annually over the last three years. Finward Bancorp has a payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings.
Finward Bancorp Stock Up 2.3%
Finward Bancorp stock opened at $44.66 on Thursday. Finward Bancorp has a 12 month low of $30.05 and a 12 month high of $45.90. The stock has a fifty day simple moving average of $42.73 and a two-hundred day simple moving average of $38.26. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market cap of $193.38 million, a price-to-earnings ratio of 24.66 and a beta of 0.13.
Finward Bancorp (NASDAQ:FNWD – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.41). Finward Bancorp had a net margin of 7.52% and a return on equity of 4.39%. The business had revenue of $18.60 million for the quarter, compared to analysts’ expectations 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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