Finward Bancorp (FNWD) to Issue Quarterly Dividend of $0.12 on June 29th

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Wednesday, June 3rd. Stockholders of record on Wednesday, June 17th will be paid a dividend of 0.12 per share on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, June 17th.

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 Stock Performance

Shares of FNWD stock opened at $33.99 on Monday. The company has a market cap of $147.18 million, a price-to-earnings ratio of 14.84 and a beta of 0.20. Finward Bancorp has a 52 week low of $26.46 and a 52 week high of $39.99. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $33.21 and a 200-day moving average of $35.65.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.02). The company had revenue of $17.49 million for the quarter, compared to analyst estimates of $18.45 million. Finward Bancorp had a return on equity of 5.92% and a net margin of 9.72%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in shares of Finward Bancorp by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 24,178 shares of the company’s stock valued at $878,000 after buying an additional 1,309 shares in the last quarter. Wellington Management Group LLP grew its holdings in Finward Bancorp by 8.6% during the fourth quarter. Wellington Management Group LLP now owns 54,049 shares of the company’s stock worth $1,902,000 after buying an additional 4,291 shares in the last quarter. AQR Capital Management LLC grew its holdings in Finward Bancorp by 40.4% during the fourth quarter. AQR Capital Management LLC now owns 15,353 shares of the company’s stock worth $540,000 after buying an additional 4,420 shares in the last quarter. Trexquant Investment LP bought a new stake in Finward Bancorp during the fourth quarter worth $360,000. Finally, Russell Investments Group Ltd. grew its holdings in Finward Bancorp by 42.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,898 shares of the company’s stock worth $67,000 after buying an additional 566 shares in the last quarter. 26.59% of the stock is owned by institutional investors.

About Finward Bancorp

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.