Carolyn M. Burke Buys 800 Shares of Finward Bancorp (NASDAQ:FNWD) Stock

Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke purchased 800 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $26.50 per share, with a total value of $21,200.00. Following the completion of the purchase, the director now owns 2,300 shares of the company’s stock, valued at $60,950. The trade was a 53.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Finward Bancorp Trading Down 0.5 %

FNWD opened at $26.38 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $113.80 million, a price-to-earnings ratio of 9.32 and a beta of 0.54. The firm has a 50 day simple moving average of $28.33 and a 200 day simple moving average of $29.32. Finward Bancorp has a fifty-two week low of $22.82 and a fifty-two week high of $33.50.

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

Finward Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors 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 yield of 1.82%. The ex-dividend date was Tuesday, January 21st. Finward Bancorp’s dividend payout ratio is currently 16.96%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new position in Finward Bancorp during the fourth quarter valued at approximately $221,000. Dimensional Fund Advisors LP acquired a new position in Finward Bancorp during the second quarter valued at approximately $329,000. Geode Capital Management LLC grew its holdings in Finward Bancorp by 7.9% during the third 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. Finally, PL Capital Advisors LLC grew its holdings in Finward Bancorp by 0.3% during the fourth quarter. PL Capital Advisors LLC now owns 355,716 shares of the company’s stock valued at $9,999,000 after purchasing an additional 894 shares during the period. Institutional investors and hedge funds 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.