Finward Bancorp Declares Quarterly Dividend of $0.12 (NASDAQ:FNWD)

Finward Bancorp (NASDAQ:FNWD) declared a quarterly dividend on Wednesday, June 3rd. Investors 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 yield of 1.5%. The ex-dividend date is Wednesday, June 17th.

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

Finward Bancorp Price Performance

Shares of FNWD opened at $32.13 on Thursday. The company has a market cap of $139.10 million, a price-to-earnings ratio of 14.03 and a beta of 0.20. Finward Bancorp has a 1-year low of $26.46 and a 1-year high of $39.99. The company’s fifty day simple moving average is $33.62 and its 200 day simple moving average is $35.79. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings lowered Finward Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, May 28th. Stephens assumed coverage on Finward Bancorp in a report on Friday, March 27th. They set an “overweight” rating and a $41.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.00.

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.