Finward Bancorp (NASDAQ:FNWD) Director Purchases 911 Shares

Finward Bancorp (NASDAQ:FNWD) Director Martin P. Alwin bought 911 shares of the company’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $26.71 per share, for a total transaction of $24,332.81. Following the transaction, the director now directly owns 1,911 shares in the company, valued at approximately $51,042.81. This represents a 91.10 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Finward Bancorp Trading Up 1.5 %

Shares of NASDAQ FNWD opened at $26.99 on Friday. Finward Bancorp has a 1-year low of $22.90 and a 1-year high of $33.50. The business has a fifty day moving average price of $27.33 and a 200 day moving average price of $29.18. The stock has a market capitalization of $116.43 million, a P/E ratio of 9.54 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86.

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

Finward Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Tuesday, January 21st were paid a $0.12 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.48 annualized dividend and a yield of 1.78%. Finward Bancorp’s dividend payout ratio (DPR) is 16.96%.

Hedge Funds Weigh In On Finward Bancorp

A number of large investors have recently made changes to their positions in the business. PL Capital Advisors LLC grew its stake in Finward Bancorp by 0.3% during the 4th quarter. PL Capital Advisors LLC now owns 355,716 shares of the company’s stock worth $9,999,000 after buying an additional 894 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Finward Bancorp by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company’s stock worth $496,000 after acquiring an additional 1,393 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Finward Bancorp by 7.9% in the third quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock worth $1,237,000 after acquiring an additional 2,825 shares in the last quarter. Northern Trust Corp grew its stake in shares of Finward Bancorp by 37.5% during the fourth quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock worth $422,000 after acquiring an additional 4,098 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Finward Bancorp during the fourth quarter valued at about $221,000. 26.59% of the stock is owned by institutional investors and hedge funds.

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.