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

Finward Bancorp (NASDAQ:FNWD) Director Martin P. Alwin bought 911 shares of Finward Bancorp stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $26.71 per share, for a total transaction of $24,332.81. Following the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Finward Bancorp Trading Up 1.5 %

NASDAQ FNWD opened at $26.99 on Friday. The stock has a market cap of $116.43 million, a PE ratio of 9.54 and a beta of 0.54. Finward Bancorp has a 12 month low of $22.90 and a 12 month high of $33.50. The company’s 50-day moving average price is $27.33 and its 200-day moving average price is $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 released 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 net margin of 10.85% and a return on equity of 7.91%. Equities research analysts forecast that Finward Bancorp will post 0.9 earnings per share for the current year.

Finward Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors 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 currently 16.96%.

Institutional Investors Weigh In On Finward Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of FNWD. Northern Trust Corp lifted its holdings in shares of Finward Bancorp by 37.5% in the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock worth $422,000 after buying an additional 4,098 shares during the period. Dimensional Fund Advisors LP raised 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 acquiring an additional 1,393 shares in the last quarter. Finward Bancorp purchased a new stake in Finward Bancorp in the fourth quarter worth about $4,175,000. Alliancebernstein L.P. grew its holdings in Finward Bancorp by 10.6% during 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. Finally, Commonwealth Equity Services LLC purchased a new position in Finward Bancorp during the 4th quarter valued at about $221,000. 26.59% of the stock is 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.