Finward Bancorp (FNWD) to Distribute Quarterly Dividend of $0.12 on February 3rd

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Friday, December 20th,RTT News reports. Shareholders of record on Tuesday, January 21st will be given a dividend of 0.12 per share on Monday, February 3rd. This represents a $0.48 annualized dividend and a yield of 1.59%.

Finward Bancorp has decreased its dividend payment by an average of 9.1% per year over the last three years. Finward Bancorp has a dividend payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Finward Bancorp to earn $1.00 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 48.0%.

Finward Bancorp Trading Up 0.9 %

NASDAQ:FNWD opened at $30.21 on Friday. Finward Bancorp has a 12-month low of $22.82 and a 12-month high of $33.50. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $31.07 and its 200-day simple moving average is $28.69. The firm has a market cap of $130.33 million, a P/E ratio of 11.23 and a beta of 0.52.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The firm had revenue of $14.87 million during the quarter. Finward Bancorp had a net margin of 10.44% and a return on equity of 7.60%. Equities analysts anticipate that Finward Bancorp will post 0.08 EPS for the current year.

Analysts Set New Price Targets

Separately, Hovde Group raised Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Friday, September 6th.

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.