Finward Bancorp (NASDAQ:FNWD) Director Acquires $26,800.00 in Stock

Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of $26.80 per share, for a total transaction of $26,800.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $26,800. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Finward Bancorp Stock Performance

Shares of FNWD stock opened at $26.16 on Thursday. Finward Bancorp has a one year low of $22.82 and a one year high of $33.50. The company’s 50-day moving average is $28.23 and its 200 day moving average is $29.29. The company has a market capitalization of $112.75 million, a price-to-earnings ratio of 9.24 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings results 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 net margin of 10.85% and a return on equity of 7.91%. Sell-side analysts expect that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Finward Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Tuesday, January 21st. Finward Bancorp’s payout ratio is presently 16.96%.

Institutional Trading of Finward Bancorp

A number of institutional investors have recently made changes to their positions in the stock. PL Capital Advisors LLC boosted its holdings in shares of Finward Bancorp by 2,718.1% during the 4th quarter. PL Capital Advisors LLC now owns 9,999,177 shares of the company’s stock valued at $281,077,000 after acquiring an additional 9,644,355 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Finward Bancorp by 10.6% during the 4th quarter. Alliancebernstein L.P. now owns 344,926 shares of the company’s stock valued at $9,696,000 after acquiring an additional 33,036 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Finward Bancorp by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock valued at $1,237,000 after acquiring an additional 2,825 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Finward Bancorp during the 2nd quarter valued at about $329,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Finward Bancorp during the 4th quarter valued at about $221,000. Hedge funds and other 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.