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

Finward Bancorp (NASDAQ:FNWD - Get Free Report) declared a quarterly dividend on Wednesday, April 9th, NASDAQ Dividends reports. Stockholders of record on Monday, April 28th will be given a dividend of 0.12 per share on Monday, May 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, April 28th.

Finward Bancorp has decreased its dividend payment by an average of 19.8% per year over the last three years. Finward Bancorp has a payout ratio of 28.1% meaning its dividend is sufficiently covered by earnings.

Finward Bancorp Trading Up 0.4 %

Shares of NASDAQ FNWD traded up $0.14 during mid-day trading on Thursday, reaching $30.80. The company had a trading volume of 1,236 shares, compared to its average volume of 5,509. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. Finward Bancorp has a 52 week low of $23.50 and a 52 week high of $33.50. The business's 50-day moving average is $28.93 and its 200-day moving average is $29.17. The stock has a market cap of $133.19 million, a price-to-earnings ratio of 10.88 and a beta of 0.28.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Finward Bancorp had a net margin of 10.85% and a return on equity of 7.91%. The company had revenue of $15.54 million for the quarter, compared to analysts' expectations of $16.25 million. Equities analysts expect that Finward Bancorp will post 0.9 earnings per share for the current year.

Insider Buying and Selling at Finward Bancorp

In related news, Director Carolyn M. Burke acquired 1,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average cost of $26.80 per share, with a total value of $26,800.00. Following the transaction, the director now directly owns 1,000 shares of the company's stock, valued at $26,800. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert W. Youman acquired 1,400 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $27.76 per share, with a total value of $38,864.00. Following the completion of the purchase, the director now owns 22,773 shares in the company, valued at approximately $632,178.48. This trade represents a 6.55 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 6,472 shares of company stock valued at $174,563. 13.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Hovde Group cut shares of Finward Bancorp from an "outperform" rating to a "market perform" rating in a report on Monday, March 17th.

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.