Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt Buys 400 Shares

Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt acquired 400 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $27.82 per share, with a total value of $11,128.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,077 shares in the company, valued at approximately $141,242.14. This represents a 8.55 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, February 28th, Benjamin Louis Schmitt acquired 500 shares of Finward Bancorp stock. The shares were purchased at an average cost of $26.56 per share, for a total transaction of $13,280.00.
• On Friday, December 13th, Benjamin Louis Schmitt bought 500 shares of Finward Bancorp stock. The stock was purchased at an average cost of $31.13 per share, with a total value of $15,565.00.

Finward Bancorp Price Performance

Shares of FNWD stock traded up $0.33 during trading hours on Wednesday, hitting $27.88. 3,762 shares of the company’s stock were exchanged, compared to its average volume of 4,675. The company has a market capitalization of $120.27 million, a PE ratio of 9.85 and a beta of 0.53. 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 12-month low of $23.50 and a 12-month high of $33.50. The business’s 50 day simple moving average is $27.03 and its 200-day simple moving average is $29.20.

Finward Bancorp (NASDAQ:FNWD) last issued its earnings results on Tuesday, February 4th. The company reported $0.49 EPS 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, equities research analysts anticipate 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 given 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 1.72%. Finward Bancorp’s payout ratio is currently 16.96%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FNWD. PL Capital Advisors LLC lifted its stake in Finward Bancorp by 2,718.1% in the fourth quarter. PL Capital Advisors LLC now owns 9,999,177 shares of the company’s stock worth $281,077,000 after acquiring an additional 9,644,355 shares during the period. Finward Bancorp purchased a new stake in shares of Finward Bancorp in the 4th quarter worth about $4,175,000. Alliancebernstein L.P. raised its stake in Finward Bancorp by 10.6% in the fourth quarter. Alliancebernstein L.P. now owns 344,926 shares of the company’s stock worth $9,696,000 after buying an additional 33,036 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Finward Bancorp in the fourth quarter worth about $221,000. Finally, Northern Trust Corp boosted its position in Finward Bancorp by 37.5% during the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock valued at $422,000 after acquiring an additional 4,098 shares in 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.