Finward Bancorp (NASDAQ:FNWD - Get Free Report) declared a quarterly dividend on Monday, October 14th, Wall Street Journal reports. Shareholders of record on Friday, October 18th will be paid a dividend of 0.12 per share on Thursday, October 31st. This represents a $0.48 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, October 18th.
Finward Bancorp has decreased its dividend by an average of 9.1% annually over the last three years. Finward Bancorp has a dividend payout ratio of 49.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Finward Bancorp to earn $0.70 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 68.6%.
Finward Bancorp Price Performance
NASDAQ:FNWD traded down $0.54 during trading hours on Monday, hitting $31.32. 2,430 shares of the stock traded hands, compared to its average volume of 6,430. Finward Bancorp has a 1 year low of $17.29 and a 1 year high of $33.05. The stock has a 50 day moving average price of $29.06 and a 200 day moving average price of $26.49. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.57. The company has a market cap of $134.99 million, a price-to-earnings ratio of 8.70 and a beta of 0.53.
Finward Bancorp (NASDAQ:FNWD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.12. The business had revenue of $24.70 million for the quarter. Finward Bancorp had a net margin of 12.00% and a return on equity of 9.26%. Sell-side analysts forecast that Finward Bancorp will post 0.18 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, Hovde Group raised shares of Finward Bancorp from a "market perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Friday, September 6th.
Read Our Latest Stock Analysis on FNWD
Finward Bancorp Company Profile
(
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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.
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