Finward Bancorp Declares Quarterly Dividend of $0.12 (NASDAQ:FNWD)

Key Points

• Finward Bancorp declared a quarterly dividend of $0.12 per share, payable on September 12th to investors recorded by August 29th, reflecting a 1.6% yield.
• The company reported $0.50 earnings per share (EPS) for the last quarter, surpassing the consensus estimate by $0.26, with revenues totaling $16.63 million.
• Institutional investors own 26.59% of Finward Bancorp's stock, with notable increases in holdings by Bank of America and other major firms during the second quarter.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) announced a quarterly dividend on Friday, August 15th, RTT News reports. Investors of record on Friday, August 29th will be given a dividend of 0.12 per share on Friday, September 12th. This represents a c) annualized dividend and a yield of 1.6%.

Finward Bancorp has a payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings.

Finward Bancorp Stock Up 0.1%

NASDAQ:FNWD traded up $0.02 on Friday, hitting $29.61. The stock had a trading volume of 53,513 shares, compared to its average volume of 83,615. The business's fifty day moving average is $28.10 and its 200 day moving average is $28.55. The company has a market cap of $127.92 million, a PE ratio of 23.88 and a beta of 0.27. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.42. Finward Bancorp has a 52 week low of $26.12 and a 52 week high of $33.50.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.26. The business had revenue of $16.63 million for the quarter, compared to analyst estimates of $16.85 million. Finward Bancorp had a return on equity of 3.45% and a net margin of 5.23%. On average, equities research analysts expect that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in shares of Finward Bancorp in the second quarter valued at approximately $45,000. Bank of America Corp DE lifted its holdings in shares of Finward Bancorp by 5,428.1% in the second quarter. Bank of America Corp DE now owns 1,769 shares of the company's stock valued at $49,000 after purchasing an additional 1,737 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Finward Bancorp in the second quarter valued at approximately $52,000. New York State Common Retirement Fund bought a new position in shares of Finward Bancorp in the second quarter valued at approximately $102,000. Finally, Los Angeles Capital Management LLC bought a new stake in Finward Bancorp during the second quarter worth $213,000. Institutional investors own 26.59% of the company's stock.

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.

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