Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt Buys 500 Shares

Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt acquired 500 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $26.56 per share, with a total value of $13,280.00. Following the acquisition, the chief financial officer now owns 4,677 shares in the company, valued at $124,221.12. This trade represents a 11.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Benjamin Louis Schmitt also recently made the following trade(s):

• On Friday, December 13th, Benjamin Louis Schmitt acquired 500 shares of Finward Bancorp stock. The shares were acquired at an average price of $31.13 per share, with a total value of $15,565.00.

Finward Bancorp Price Performance

Shares of FNWD stock opened at $26.99 on Friday. Finward Bancorp has a twelve month low of $22.90 and a twelve month high of $33.50. The stock has a market capitalization of $116.43 million, a price-to-earnings ratio of 9.54 and a beta of 0.54. The stock has a fifty day simple moving average of $27.33 and a two-hundred day simple moving average of $29.18. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53.

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%. On average, analysts predict that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Finward Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of Finward Bancorp by 7.9% in the 3rd 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. PL Capital Advisors LLC increased its holdings in shares of Finward Bancorp by 0.3% in the fourth quarter. PL Capital Advisors LLC now owns 355,716 shares of the company’s stock valued at $9,999,000 after purchasing an additional 894 shares during the period. Northern Trust Corp increased its holdings in shares of Finward Bancorp by 37.5% in the fourth quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock valued at $422,000 after purchasing an additional 4,098 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Finward Bancorp by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company’s stock valued at $496,000 after purchasing an additional 1,393 shares during the period. Finally, Finward Bancorp acquired a new position in shares of Finward Bancorp in the fourth quarter valued at about $4,175,000. 26.59% of the stock is owned by institutional investors.

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.