Finward Bancorp (NASDAQ:FNWD) Issues Earnings Results

Finward Bancorp (NASDAQ:FNWD) released its quarterly earnings results on Wednesday. The company reported $0.03 EPS 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 company had revenue of $24.70 million during the quarter.

Finward Bancorp Stock Performance

Shares of FNWD stock traded down $0.46 during mid-day trading on Thursday, reaching $28.52. The stock had a trading volume of 279 shares, compared to its average volume of 7,621. The business’s fifty day moving average is $24.90 and its 200-day moving average is $24.41. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. The firm has a market cap of $122.92 million, a price-to-earnings ratio of 8.06 and a beta of 0.53. Finward Bancorp has a 1-year low of $17.29 and a 1-year high of $29.00.

Finward Bancorp Announces Dividend

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

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.