Finward Bancorp Plans Quarterly Dividend of $0.31 (OTCMKTS:FNWD)

Finward Bancorp (OTCMKTS:FNWDGet Rating) declared a quarterly dividend on Tuesday, May 24th, Wall Street Journal reports. Investors of record on Friday, June 24th will be paid a dividend of 0.31 per share on Thursday, July 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, June 23rd.

FNWD traded down $0.54 during trading on Tuesday, reaching $37.46. The company had a trading volume of 6,861 shares, compared to its average volume of 6,947. The firm’s 50-day simple moving average is $43.32 and its 200 day simple moving average is $46.04. The company has a market cap of $160.89 million, a price-to-earnings ratio of 10.70 and a beta of 0.57. Finward Bancorp has a 12-month low of $37.00 and a 12-month high of $50.00.

Finward Bancorp (OTCMKTS:FNWDGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.07). Finward Bancorp had a return on equity of 8.75% and a net margin of 18.42%. Analysts anticipate that Finward Bancorp will post 4.9 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in FNWD. Vanguard Group Inc. raised its stake in shares of Finward Bancorp by 248.1% in the 1st quarter. Vanguard Group Inc. now owns 145,741 shares of the company’s stock valued at $6,735,000 after acquiring an additional 103,877 shares in the last quarter. Alliancebernstein L.P. bought a new position in shares of Finward Bancorp in the 4th quarter valued at approximately $5,399,000. Fourthstone LLC raised its stake in shares of Finward Bancorp by 38.9% in the 1st quarter. Fourthstone LLC now owns 21,094 shares of the company’s stock valued at $975,000 after acquiring an additional 5,906 shares in the last quarter. Millennium Management LLC bought a new position in shares of Finward Bancorp in the 4th quarter valued at approximately $537,000. Finally, Northern Trust Corp bought a new position in shares of Finward Bancorp in the 1st quarter valued at approximately $321,000. Institutional investors and hedge funds own 11.73% of the company’s stock.

Separately, Zacks Investment Research lowered Finward Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday.

About Finward Bancorp (Get Rating)

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.

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