Insider Buying: Finward Bancorp (NASDAQ:FNWD) Director Acquires $21,200.00 in Stock

Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke acquired 800 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $26.50 per share, for a total transaction of $21,200.00. Following the completion of the purchase, the director now owns 2,300 shares in the company, valued at approximately $60,950. This trade represents a 53.33 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Finward Bancorp Trading Down 0.8 %

FNWD stock opened at $26.16 on Thursday. Finward Bancorp has a 1-year low of $22.82 and a 1-year high of $33.50. The firm has a market cap of $112.75 million, a P/E ratio of 9.24 and a beta of 0.54. The business’s 50 day moving average is $28.23 and its 200-day moving average is $29.29. 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 released its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 earnings per share 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%. Equities analysts anticipate that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Finward Bancorp Dividend Announcement

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. The ex-dividend date was Tuesday, January 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.83%. Finward Bancorp’s dividend payout ratio is currently 16.96%.

Institutional Investors Weigh In On Finward Bancorp

Several large investors have recently modified their holdings of the stock. PL Capital Advisors LLC grew its stake 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 valued at $9,999,000 after purchasing an additional 894 shares during the period. Geode Capital Management LLC boosted its holdings 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. Commonwealth Equity Services LLC acquired a new position in shares of Finward Bancorp in the 4th quarter worth approximately $221,000. Dimensional Fund Advisors LP acquired a new position in shares of Finward Bancorp in the 2nd quarter worth approximately $329,000. Finally, Alliancebernstein L.P. boosted its holdings in shares of Finward Bancorp by 10.6% in the 4th quarter. Alliancebernstein L.P. now owns 344,926 shares of the company’s stock worth $9,696,000 after acquiring an additional 33,036 shares in the last quarter. 26.59% of the stock is currently owned by institutional investors.

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.