Finward Bancorp (NASDAQ:FNWD) Director Acquires $24,332.81 in Stock

Finward Bancorp (NASDAQ:FNWD) Director Martin P. Alwin acquired 911 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $26.71 per share, with a total value of $24,332.81. Following the completion of the transaction, the director now owns 1,911 shares of the company’s stock, valued at $51,042.81. This trade represents a 91.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Finward Bancorp Price Performance

FNWD stock opened at $26.99 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $27.33 and its 200 day simple moving average is $29.18. Finward Bancorp has a 12-month low of $22.90 and a 12-month high of $33.50. The firm has a market cap of $116.43 million, a price-to-earnings ratio of 9.54 and a beta of 0.54.

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

Finward Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, January 21st. Finward Bancorp’s payout ratio is 16.96%.

Institutional Trading of Finward Bancorp

Several hedge funds have recently modified their holdings of FNWD. Northern Trust Corp boosted its stake in Finward Bancorp by 37.5% during the fourth quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock worth $422,000 after acquiring an additional 4,098 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Finward Bancorp by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company’s stock valued at $496,000 after purchasing an additional 1,393 shares during the period. Finward Bancorp bought a new position in shares of Finward Bancorp during the 4th quarter worth about $4,175,000. Alliancebernstein L.P. grew its stake 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 valued at $9,696,000 after buying an additional 33,036 shares during the period. Finally, Commonwealth Equity Services LLC bought a new stake in Finward Bancorp in the 4th quarter valued at about $221,000. 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.