Finward Bancorp (NASDAQ:FNWD) Plans $0.12 Quarterly Dividend

Finward Bancorp (NASDAQ:FNWD) declared a quarterly dividend on Friday, March 22nd, Zacks reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.12 per share on Monday, May 6th. This represents a $0.48 annualized dividend and a dividend 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% per year over the last three years. Finward Bancorp has a dividend payout ratio of 32.0% meaning 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 Stock Down 0.5 %

FNWD opened at $24.70 on Friday. The company has a fifty day moving average of $24.02 and a two-hundred day moving average of $22.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.84 and a current ratio of 0.84. Finward Bancorp has a fifty-two week low of $17.29 and a fifty-two week high of $30.23. The stock has a market capitalization of $106.21 million, a price-to-earnings ratio of 12.73 and a beta of 0.54.

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

Institutional Trading of Finward Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Finward Bancorp by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 154,544 shares of the company’s stock valued at $3,901,000 after acquiring an additional 4,962 shares during the period. Northern Trust Corp increased its stake in shares of Finward Bancorp by 52.2% during the fourth 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. UBS Group AG increased its stake in shares of Finward Bancorp by 11.7% during the third 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. Finally, US Bancorp DE purchased a new position in Finward Bancorp in the 4th quarter valued at about $25,000. 26.59% of the stock is currently 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.