Finward Bancorp (FNWD) To Go Ex-Dividend on April 22nd

Finward Bancorp (NASDAQ:FNWD) declared a quarterly dividend on Friday, March 22nd, Zacks reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.12 per share on Monday, May 6th. This represents a $0.48 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Monday, April 22nd.

Finward Bancorp has decreased its dividend payment by an average of 5.4% annually over the last three years. Finward Bancorp has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Finward Bancorp to earn $1.40 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 34.3%.

Finward Bancorp Trading Down 0.5 %

Shares of Finward Bancorp stock opened at $24.70 on Friday. Finward Bancorp has a 12-month low of $17.29 and a 12-month high of $30.23. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. The stock has a market cap of $106.21 million, a PE ratio of 12.73 and a beta of 0.54. The company has a 50-day moving average of $24.02 and a two-hundred day moving average of $22.91.

Finward Bancorp (NASDAQ:FNWD) last issued its earnings results on Tuesday, January 30th. The company reported $0.35 earnings per share (EPS) for the quarter. Finward Bancorp had a net margin of 8.68% and a return on equity of 6.17%. The company had revenue of $15.45 million during the quarter. On average, research analysts anticipate that Finward Bancorp will post 1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FNWD. Vanguard Group Inc. increased its stake in shares of Finward Bancorp by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 154,544 shares of the company’s stock worth $3,901,000 after purchasing an additional 4,962 shares in the last quarter. Northern Trust Corp increased its stake in shares of Finward Bancorp by 52.2% during the 4th quarter. Northern Trust Corp now owns 14,420 shares of the company’s stock worth $364,000 after purchasing an additional 4,948 shares in the last quarter. US Bancorp DE purchased a new position in shares of Finward Bancorp during the 4th quarter worth approximately $25,000. Finally, UBS Group AG increased its stake in shares of Finward Bancorp by 11.7% during the 3rd quarter. UBS Group AG now owns 4,874 shares of the company’s stock worth $108,000 after purchasing an additional 510 shares in the last quarter. 26.59% of the stock is owned by hedge funds and other institutional investors.

About Finward Bancorp

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.