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

Finward Bancorp (NASDAQ:FNWD) Director Martin P. Alwin acquired 911 shares of the business’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $26.71 per share, with a total value of $24,332.81. Following the acquisition, the director now owns 1,911 shares in the company, valued at $51,042.81. The trade was a 91.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Finward Bancorp Stock Up 1.5 %

FNWD stock opened at $26.99 on Monday. The company has a market cap of $116.43 million, a price-to-earnings 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 12 month low of $22.90 and a 12 month high of $33.50. The firm has a 50-day moving average of $27.26 and a two-hundred day moving average of $29.19.

Finward Bancorp (NASDAQ:FNWD) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.49 earnings per share (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%. As a group, analysts forecast that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Finward Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st were given a dividend of $0.12 per share. 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 presently 16.96%.

Institutional Trading of Finward Bancorp

Several institutional investors have recently made changes to their positions in the company. PL Capital Advisors LLC raised its position in shares of Finward Bancorp by 2,718.1% during the 4th quarter. PL Capital Advisors LLC now owns 9,999,177 shares of the company’s stock valued at $281,077,000 after buying an additional 9,644,355 shares during the period. Alliancebernstein L.P. raised its position in shares of Finward Bancorp by 10.6% during 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. Finward Bancorp purchased a new stake in shares of Finward Bancorp during the 4th quarter valued at approximately $4,175,000. Geode Capital Management LLC raised 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 period. Finally, Dimensional Fund Advisors LP raised its position 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 valued at $496,000 after buying an additional 1,393 shares during the period. Hedge funds and other 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.