Finward Bancorp (NASDAQ:FNWD) Issues Earnings Results

Finward Bancorp (NASDAQ:FNWD) released its quarterly earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.12, Zacks reports. Finward Bancorp had a return on equity of 11.12% and a net margin of 14.11%. The business had revenue of $24.70 million for the quarter.

Finward Bancorp Price Performance

NASDAQ FNWD traded down $0.46 during trading hours on Thursday, reaching $28.52. 279 shares of the stock traded hands, compared to its average volume of 7,621. The stock has a 50 day simple moving average of $24.90 and a two-hundred day simple moving average of $24.41. Finward Bancorp has a 1 year low of $17.29 and a 1 year high of $29.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $122.92 million, a price-to-earnings ratio of 8.06 and a beta of 0.53.

Finward Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, July 19th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, July 19th. This represents a $0.48 dividend on an annualized basis and a yield of 1.68%. Finward Bancorp’s payout ratio is 13.33%.

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.