Martin P. Alwin Purchases 911 Shares of Finward Bancorp (NASDAQ:FNWD) Stock

Finward Bancorp (NASDAQ:FNWD) Director Martin P. Alwin purchased 911 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $26.71 per share, with a total value of $24,332.81. Following the completion of the transaction, the director now owns 1,911 shares of the company’s stock, valued at approximately $51,042.81. This trade represents a 91.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Finward Bancorp Stock Up 1.5 %

Shares of NASDAQ FNWD opened at $26.99 on Friday. The stock has a market cap of $116.43 million, a P/E ratio of 9.54 and a beta of 0.54. 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 has a 12-month low of $22.90 and a 12-month high of $33.50. The business’s fifty day simple moving average is $27.26 and its 200-day simple moving average is $29.18.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Finward Bancorp Announces Dividend

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

Institutional Trading of Finward Bancorp

Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new stake in shares of Finward Bancorp in the fourth quarter valued at $221,000. Northern Trust Corp raised its stake in 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 buying an additional 4,098 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 buying an additional 1,393 shares in the last quarter. Geode Capital Management LLC raised its stake in Finward Bancorp by 7.9% in the third 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 in the last quarter. Finally, Finward Bancorp acquired a new stake in Finward Bancorp in the fourth quarter valued at $4,175,000. 26.59% of the stock is currently owned by institutional investors and hedge funds.

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.