Finward Bancorp (NASDAQ:FNWD) Issues Earnings Results

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

Finward Bancorp Trading Up 0.1 %

Finward Bancorp stock traded up $0.02 during mid-day trading on Thursday, hitting $29.00. The company’s stock had a trading volume of 230 shares, compared to its average volume of 7,620. The company has a 50 day moving average of $24.90 and a 200-day moving average of $24.41. The stock has a market cap of $124.99 million, a PE ratio of 8.06 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.86 and a current ratio of 0.86. Finward Bancorp has a one year low of $17.29 and a one year high of $29.00.

Finward Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Friday, July 19th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, July 19th. Finward Bancorp’s dividend payout ratio is currently 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.