Finward Bancorp (NASDAQ:FNWD – Get Free Report) declared a quarterly dividend on Friday, September 4th. Stockholders of record on Friday, September 18th will be paid a dividend of 0.12 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Finward Bancorp to earn $3.13 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 15.3%.
Finward Bancorp Trading Down 0.2%
Shares of FNWD stock opened at $43.54 on Wednesday. The stock has a market cap of $188.53 million, a P/E ratio of 19.18 and a beta of 0.16. Finward Bancorp has a 1 year low of $30.05 and a 1 year high of $45.90. 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 stock has a 50 day simple moving average of $42.44 and a 200 day simple moving average of $37.35.
Institutional Investors Weigh In On Finward Bancorp
A number of hedge funds and other institutional investors have recently bought and sold shares of FNWD. Raffles Associates LP bought a new position in Finward Bancorp in the second quarter valued at about $978,000. BlackRock Inc. acquired a new stake in Finward Bancorp in the second quarter valued at $828,000. Squarepoint Ops LLC bought a new position in Finward Bancorp during the 2nd quarter worth $513,000. Susquehanna International Group LLP increased its stake in shares of Finward Bancorp by 14.7% in the second quarter. Susquehanna International Group LLP now owns 10,509 shares of the company’s stock valued at $387,000 after buying an additional 1,343 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 1,309 shares during the last quarter. Institutional investors own 26.59% of the company’s stock.
About Finward Bancorp
Finward Bancorp is a bank holding company headquartered in Munster, Indiana. Through its principal subsidiary, Peoples Bank, the company provides community banking services to individuals, families, businesses and nonprofit organizations.
Peoples Bank offers a range of financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing, business loans and lines of credit. The bank also provides treasury management, online and mobile banking, and other services designed to support personal and business financial needs.
The company serves customers in Northwest Indiana and the greater Chicago metropolitan area, including communities in northeastern Illinois.
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