Finward Bancorp (NASDAQ:FNWD) Releases Earnings Results, Beats Expectations By $0.31 EPS

Finward Bancorp (NASDAQ:FNWD) released its quarterly earnings results on Tuesday. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.31, Zacks reports. Finward Bancorp had a return on equity of 7.60% and a net margin of 10.44%.

Finward Bancorp Stock Down 0.9 %

Shares of Finward Bancorp stock traded down $0.25 on Tuesday, hitting $26.60. The company had a trading volume of 7,466 shares, compared to its average volume of 2,822. The firm has a market capitalization of $114.65 million, a P/E ratio of 9.89 and a beta of 0.54. Finward Bancorp has a twelve month low of $22.82 and a twelve month high of $33.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a 50-day moving average of $29.29 and a 200-day moving average of $29.35.

Finward Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Tuesday, January 21st. Finward Bancorp’s dividend payout ratio (DPR) is presently 17.84%.

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.