Martin P. Alwin Buys 911 Shares of Finward Bancorp (NASDAQ:FNWD) Stock

Finward Bancorp (NASDAQ:FNWD - Get Free Report) Director Martin P. Alwin acquired 911 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $26.71 per share, with a total value of $24,332.81. Following the completion of the purchase, the director now owns 1,911 shares of the company's stock, valued at approximately $51,042.81. The trade was a 91.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Finward Bancorp Stock Up 0.9 %

Shares of NASDAQ:FNWD traded up $0.24 during mid-day trading on Tuesday, hitting $27.05. 395 shares of the company traded hands, compared to its average volume of 4,773. The stock has a market cap of $116.69 million, a P/E ratio of 9.56 and a beta of 0.54. The stock has a 50-day moving average price of $27.21 and a two-hundred day moving average price of $29.20. Finward Bancorp has a 12-month low of $22.90 and a 12-month high of $33.50. 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 (NASDAQ:FNWD - Get Free Report) last posted its quarterly earnings data 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%. On average, equities research analysts forecast that Finward Bancorp will post 0.9 earnings per share for the current year.

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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 given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Tuesday, January 21st. Finward Bancorp's payout ratio is 16.96%.

Institutional Investors Weigh In On Finward Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in shares of Finward Bancorp in the fourth quarter valued at approximately $221,000. Northern Trust Corp grew its stake in Finward Bancorp by 37.5% in the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company's stock valued at $422,000 after purchasing an additional 4,098 shares during the period. Dimensional Fund Advisors LP increased 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 purchasing an additional 1,393 shares during the last quarter. Geode Capital Management LLC increased 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 last quarter. Finally, Finward Bancorp bought a new stake in shares of Finward Bancorp during the 4th quarter worth $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.