Finward Bancorp (NASDAQ:FNWD - Get Free Report) 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 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 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 Price Performance
NASDAQ FNWD traded down $0.12 during trading hours on Friday, reaching $24.70. The company's stock had a trading volume of 3,710 shares, compared to its average volume of 2,883. The firm has a market capitalization of $106.21 million, a price-to-earnings ratio of 12.73 and a beta of 0.54. Finward Bancorp has a 1-year low of $17.29 and a 1-year high of $30.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.84 and a quick ratio of 0.84. The company's 50-day moving average is $24.02 and its two-hundred day moving average is $22.92.
Finward Bancorp (NASDAQ:FNWD - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.35 earnings per share for the quarter. Finward Bancorp had a return on equity of 6.17% and a net margin of 8.68%. The company had revenue of $15.45 million during the quarter. On average, equities analysts predict that Finward Bancorp will post 1.2 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. UBS Group AG raised its stake in Finward Bancorp by 11.7% in the third quarter. UBS Group AG now owns 4,874 shares of the company's stock valued at $108,000 after buying an additional 510 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Finward Bancorp by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 149,582 shares of the company's stock worth $3,310,000 after acquiring an additional 933 shares in the last quarter. US Bancorp DE purchased a new stake in shares of Finward Bancorp during the 4th quarter worth approximately $25,000. Finally, Northern Trust Corp raised its position 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 during the last quarter. 26.59% of the stock is currently owned by hedge funds and other institutional investors.
About Finward Bancorp
(
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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.
Further Reading
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