PL Capital Advisors LLC Grows Stake in Finward Bancorp (NASDAQ:FNWD)

PL Capital Advisors LLC raised its stake in Finward Bancorp (NASDAQ:FNWD) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 355,716 shares of the company’s stock after purchasing an additional 894 shares during the quarter. Finward Bancorp makes up about 3.4% of PL Capital Advisors LLC’s portfolio, making the stock its 10th biggest holding. PL Capital Advisors LLC owned 8.25% of Finward Bancorp worth $9,999,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Geode Capital Management LLC raised 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 valued at $1,237,000 after purchasing an additional 2,825 shares during the period. Hedge funds and other institutional investors own 26.59% of the company’s stock.

Finward Bancorp Trading Down 1.3 %

Shares of NASDAQ:FNWD opened at $26.31 on Wednesday. The company has a 50-day simple moving average of $27.45 and a 200 day simple moving average of $29.22. The company has a market capitalization of $113.50 million, a P/E ratio of 9.30 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. Finward Bancorp has a 52-week low of $22.82 and a 52-week high of $33.50.

Finward Bancorp (NASDAQ:FNWD) last issued its earnings results on Tuesday, February 4th. The company reported $0.49 EPS 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%. Sell-side analysts forecast that Finward Bancorp will post 0.9 earnings per share for the current year.

Finward Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Tuesday, January 21st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.82%. Finward Bancorp’s dividend payout ratio is currently 16.96%.

Insider Activity

In other news, Director Carolyn M. Burke bought 1,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were bought at an average price of $26.80 per share, for a total transaction of $26,800.00. Following the completion of the purchase, the director now owns 1,000 shares in the company, valued at approximately $26,800. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 2,733 shares of company stock valued at $76,140 over the last ninety days. 5.17% of the stock is currently owned by company insiders.

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.