Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke Acquires 1,000 Shares

Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average cost of $26.80 per share, for a total transaction of $26,800.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $26,800. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Finward Bancorp Stock Performance

FNWD opened at $26.16 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. The company has a market cap of $112.75 million, a price-to-earnings ratio of 9.24 and a beta of 0.54. The company’s 50 day moving average is $28.23 and its 200 day moving average is $29.29. Finward Bancorp has a 12-month low of $22.82 and a 12-month high of $33.50.

Finward Bancorp (NASDAQ:FNWD) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.31. Finward Bancorp had a net margin of 10.85% and a return on equity of 7.91%. On average, equities research analysts predict that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Tuesday, January 21st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Tuesday, January 21st. Finward Bancorp’s payout ratio is 16.96%.

Institutional Investors Weigh In On Finward Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNWD. Dimensional Fund Advisors LP bought a new stake in Finward Bancorp during the 2nd quarter worth approximately $329,000. Geode Capital Management LLC raised its stake in Finward Bancorp by 7.9% during 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 during the period. PL Capital Advisors LLC raised its stake in Finward Bancorp by 2,718.1% during the 4th quarter. PL Capital Advisors LLC now owns 9,999,177 shares of the company’s stock worth $281,077,000 after acquiring an additional 9,644,355 shares during the period. Commonwealth Equity Services LLC bought a new stake in Finward Bancorp during the 4th quarter worth approximately $221,000. Finally, Alliancebernstein L.P. raised its stake 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 during the period. Institutional investors own 26.59% of the company’s stock.

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.