Finward Bancorp (FNWD) to Issue Quarterly Dividend of $0.12 on March 31st

Finward Bancorp (NASDAQ:FNWD) declared a quarterly dividend on Monday, March 2nd, NASDAQ Dividends reports. Investors of record on Monday, March 16th will be given a dividend of 0.12 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, March 16th.

Finward Bancorp has decreased its dividend payment by an average of 0.2%annually over the last three years. Finward Bancorp has a payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings.

Finward Bancorp Price Performance

Shares of NASDAQ:FNWD traded down $0.33 on Wednesday, hitting $35.83. The company’s stock had a trading volume of 5,958 shares, compared to its average volume of 14,037. The company has a market capitalization of $155.14 million, a PE ratio of 19.06 and a beta of 0.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50-day simple moving average of $36.44 and a 200 day simple moving average of $34.82. Finward Bancorp has a 1 year low of $26.46 and a 1 year high of $39.99.

Finward Bancorp (NASDAQ:FNWD) last announced its earnings results on Tuesday, January 27th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). Finward Bancorp had a net margin of 8.00% and a return on equity of 5.15%. The company had revenue of $16.52 million during the quarter, compared to analysts’ expectations of $18.25 million. Sell-side analysts forecast that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Finward Bancorp Company Profile

Finward Bancorp (NASDAQ: FNWD) is the bank holding company for Finward Bank, a community-focused financial institution serving businesses and individuals across Pennsylvania and Delaware. Through a network of full-service branches and a robust digital banking platform, Finward Bank delivers a range of personal and commercial banking solutions designed to meet the needs of local customers.

The company’s core offerings include deposit products such as checking accounts, savings accounts and time deposits, as well as a variety of lending solutions.