Finward Bancorp (NASDAQ:FNWD) Director Acquires $24,332.81 in Stock

Finward Bancorp (NASDAQ:FNWD) Director Martin P. Alwin purchased 911 shares of Finward Bancorp stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $26.71 per share, with a total value of $24,332.81. Following the transaction, the director now directly owns 1,911 shares in the company, valued at $51,042.81. This trade represents a 91.10 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Finward Bancorp Stock Up 1.5 %

Shares of Finward Bancorp stock opened at $26.99 on Friday. The stock’s fifty day moving average is $27.33 and its 200-day moving average is $29.18. The firm has a market capitalization of $116.43 million, a PE ratio of 9.54 and a beta of 0.54. 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 $22.90 and a 12-month high of $33.50.

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

Finward Bancorp Dividend Announcement

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

Institutional Trading of Finward Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. PL Capital Advisors LLC lifted its position in shares of Finward Bancorp by 0.3% in the 4th quarter. PL Capital Advisors LLC now owns 355,716 shares of the company’s stock worth $9,999,000 after acquiring an additional 894 shares during the period. Dimensional Fund Advisors LP boosted its position in Finward Bancorp by 8.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company’s stock valued at $496,000 after buying an additional 1,393 shares during the last quarter. Geode Capital Management LLC boosted its position in Finward Bancorp by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock valued at $1,237,000 after buying an additional 2,825 shares during the last quarter. Northern Trust Corp boosted its position in Finward Bancorp by 37.5% in the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock valued at $422,000 after buying an additional 4,098 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Finward Bancorp in the 4th quarter worth $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.