Finward Bancorp (NASDAQ:FNWD) to Issue $0.12 Quarterly Dividend

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Friday, December 20th,RTT News reports. Investors 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 payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50 day simple moving average of $31.07 and a 200 day simple moving average of $28.66. The firm has a market capitalization of $130.33 million, a P/E ratio of 11.23 and a beta of 0.52.

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

Wall Street Analyst Weigh In

Separately, Hovde Group raised 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.

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.