Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt Acquires 500 Shares

Finward Bancorp (NASDAQ:FNWD - Get Free Report) CFO Benjamin Louis Schmitt bought 500 shares of the business's stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $26.56 per share, for a total transaction of $13,280.00. Following the completion of the purchase, the chief financial officer now owns 4,677 shares of the company's stock, valued at approximately $124,221.12. The trade was a 11.97 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 Stock Up 0.9 %

NASDAQ FNWD traded up $0.24 during mid-day trading on Tuesday, reaching $27.05. The stock had a trading volume of 395 shares, compared to its average volume of 4,773. The stock has a market cap of $116.69 million, a PE ratio of 9.56 and a beta of 0.54. Finward Bancorp has a 1 year low of $22.90 and a 1 year high of $33.50. 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 fifty day moving average price of $27.21 and a 200 day moving average price of $29.20.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last posted its quarterly earnings results 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 return on equity of 7.91% and a net margin of 10.85%. On average, research analysts expect that Finward Bancorp will post 0.9 earnings per share for the current year.

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Finward Bancorp Dividend Announcement

The company also recently announced 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 was Tuesday, January 21st. This represents a $0.48 annualized dividend and a yield of 1.77%. Finward Bancorp's payout ratio is 16.96%.

Hedge Funds Weigh In On Finward Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in FNWD. 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 purchasing an additional 2,825 shares during the period. PL Capital Advisors LLC raised its position in Finward Bancorp by 2,718.1% during the fourth quarter. PL Capital Advisors LLC now owns 9,999,177 shares of the company's stock valued at $281,077,000 after purchasing an additional 9,644,355 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of Finward Bancorp during the 4th quarter worth about $221,000. Alliancebernstein L.P. grew its stake in shares of Finward Bancorp by 10.6% during the fourth 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 last quarter. Finally, Finward Bancorp bought a new position in Finward Bancorp in the 4th quarter valued at $4,175,000. Hedge funds and other 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.