Finward Bancorp (NASDAQ:FNWD) Director Buys $21,200.00 in Stock

Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke acquired 800 shares of the business’s stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $26.50 per share, for a total transaction of $21,200.00. Following the acquisition, the director now directly owns 2,300 shares in the company, valued at $60,950. This represents a 53.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Finward Bancorp Stock Up 2.5 %

Shares of FNWD traded up $0.65 during midday trading on Monday, hitting $26.96. The company had a trading volume of 830 shares, compared to its average volume of 3,016. The company’s 50 day moving average price is $28.52 and its 200 day moving average price is $29.35. The stock has a market cap of $116.20 million, a price-to-earnings ratio of 9.53 and a beta of 0.54. Finward Bancorp has a 52 week low of $22.82 and a 52 week high of $33.50. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53.

Finward Bancorp (NASDAQ:FNWD) last released its earnings results on Tuesday, February 4th. The company reported $0.49 earnings per share for the quarter, topping 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%. On average, equities research analysts predict that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st were given 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 Investors Weigh In On Finward Bancorp

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Finward Bancorp by 7.9% during the 3rd 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 during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Finward Bancorp during the 2nd quarter valued at about $329,000. Commonwealth Equity Services LLC bought a new position in Finward Bancorp in the 4th quarter worth about $221,000. Finally, PL Capital Advisors LLC grew its position in Finward Bancorp by 2,718.1% in the 4th quarter. PL Capital Advisors LLC now owns 9,999,177 shares of the company’s stock worth $281,077,000 after purchasing an additional 9,644,355 shares during the last quarter. Institutional investors own 26.59% of the company’s stock.

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.