Finward Bancorp (FNWD) To Go Ex-Dividend on October 18th

Finward Bancorp (NASDAQ:FNWD) declared a quarterly dividend on Friday, October 11th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, October 18th.

Finward Bancorp has decreased its dividend by an average of 9.1% per year over the last three years. Finward Bancorp has a payout ratio of 46.6% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of FNWD stock opened at $31.55 on Wednesday. Finward Bancorp has a 52 week low of $17.29 and a 52 week high of $33.05. The firm’s 50-day simple moving average is $29.06 and its two-hundred day simple moving average is $26.49. The firm has a market cap of $135.98 million, a price-to-earnings ratio of 8.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 0.86.

Finward Bancorp (NASDAQ:FNWD) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.12. Finward Bancorp had a return on equity of 9.26% and a net margin of 12.00%. The business had revenue of $24.70 million for the quarter. As a group, equities analysts forecast that Finward Bancorp will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

Separately, Hovde Group upgraded shares of Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Friday, September 6th.

Finward Bancorp Company Profile

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.