Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke Purchases 800 Shares of Stock

Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke acquired 800 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $26.50 per share, for a total transaction of $21,200.00. Following the completion of the transaction, the director now directly owns 2,300 shares of the company’s stock, valued at $60,950. This represents a 53.33 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Finward Bancorp Trading Up 0.7 %

Shares of NASDAQ:FNWD opened at $26.50 on Tuesday. The firm has a fifty day moving average of $28.42 and a two-hundred day moving average of $29.33. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. Finward Bancorp has a 12-month low of $22.82 and a 12-month high of $33.50. The firm has a market capitalization of $114.22 million, a P/E ratio of 9.36 and a beta of 0.54.

Finward Bancorp (NASDAQ:FNWD) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.31. Finward Bancorp had a return on equity of 7.91% and a net margin of 10.85%. On average, equities analysts expect that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Finward Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Tuesday, January 21st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.48 dividend on an annualized basis and a yield of 1.81%. Finward Bancorp’s dividend payout ratio is currently 16.96%.

Hedge Funds Weigh In On Finward Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PL Capital Advisors LLC boosted its holdings in Finward Bancorp by 2,718.1% in the fourth quarter. PL Capital Advisors LLC now owns 9,999,177 shares of the company’s stock worth $281,077,000 after purchasing an additional 9,644,355 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Finward Bancorp by 7.9% during the third quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock worth $1,237,000 after buying an additional 2,825 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Finward Bancorp in the 2nd quarter valued at $329,000. Finally, Commonwealth Equity Services LLC bought a new stake in Finward Bancorp in the 4th quarter valued at $221,000. Institutional investors own 26.59% of the company’s stock.

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.