Finward Bancorp (FNWD) to Distribute Quarterly Dividend of $0.12 on December 2nd

Finward Bancorp (NASDAQ:FNWD) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.12 per share on Wednesday, December 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, November 18th.

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

Finward Bancorp Trading Down 2.7%

Shares of FNWD stock opened at $43.44 on Friday. The company has a market capitalization of $188.10 million, a P/E ratio of 25.23 and a beta of 0.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $42.73 and its two-hundred day moving average is $38.30. Finward Bancorp has a twelve month low of $30.05 and a twelve month high of $45.90.

Finward Bancorp (NASDAQ:FNWD) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.41). Finward Bancorp had a return on equity of 4.39% and a net margin of 7.52%. The company had revenue of $18.60 million for the quarter, compared to analysts’ expectations of $19.40 million.

Hedge Funds Weigh In On Finward Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted 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. Susquehanna International Group LLP raised its position in Finward Bancorp by 14.7% in the second quarter. Susquehanna International Group LLP now owns 10,509 shares of the company’s stock worth $387,000 after acquiring an additional 1,343 shares in the last quarter. Transmarket Holdings LP purchased a new position in Finward Bancorp in the third quarter worth $287,000. Squarepoint Ops LLC acquired a new stake in Finward Bancorp in the second quarter valued at $513,000. Finally, BlackRock Inc. acquired a new stake in Finward Bancorp in the second quarter valued at $828,000. Institutional investors and hedge funds own 26.59% of the company’s stock.

About Finward Bancorp

Finward Bancorp (NASDAQ: FNWD) is a bank holding company headquartered in Munster, Indiana. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, families, businesses and organizations.

Peoples Bank offers a range of deposit products, residential and commercial real estate lending, consumer loans, commercial financing and other banking services. The bank also provides digital banking tools and services designed to support customers with everyday account management and financial transactions.

Finward Bancorp serves communities in northwest Indiana and the greater Chicago metropolitan area, including portions of Illinois.