Finward Bancorp (NASDAQ:FNWD) CFO Acquires $13,280.00 in Stock

Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $26.56 per share, with a total value of $13,280.00. Following the purchase, the chief financial officer now directly owns 4,677 shares of the company’s stock, valued at $124,221.12. The trade was a 11.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Benjamin Louis Schmitt also recently made the following trade(s):

• On Friday, December 13th, Benjamin Louis Schmitt purchased 500 shares of Finward Bancorp stock. The stock was purchased at an average price of $31.13 per share, with a total value of $15,565.00.

Finward Bancorp Stock Up 1.5 %

Shares of NASDAQ:FNWD opened at $26.99 on Monday. The company has a market capitalization of $116.43 million, a PE ratio of 9.54 and a beta of 0.54. 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 has a twelve month low of $22.90 and a twelve month high of $33.50. The firm has a 50 day simple moving average of $27.26 and a 200-day simple moving average of $29.19.

Finward Bancorp (NASDAQ:FNWD) last issued its quarterly earnings data 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 analysts predict that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Finward Bancorp Announces Dividend

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

Hedge Funds Weigh In On Finward Bancorp

Institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new position in shares of Finward Bancorp during the 4th quarter worth $221,000. Northern Trust Corp grew its stake in shares of Finward Bancorp by 37.5% during the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock worth $422,000 after purchasing an additional 4,098 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Finward Bancorp by 8.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company’s stock worth $496,000 after purchasing an additional 1,393 shares during the period. Geode Capital Management LLC grew its stake 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 worth $1,237,000 after purchasing an additional 2,825 shares during the period. Finally, Finward Bancorp acquired a new position in shares of Finward Bancorp during the 4th quarter worth $4,175,000. 26.59% of the stock is owned by institutional investors and hedge funds.

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.