Finward Bancorp (NASDAQ:FNWD) Director Acquires $21,200.00 in Stock

Finward Bancorp (NASDAQ:FNWD - Get Free Report) Director Carolyn M. Burke purchased 800 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $26.50 per share, with a total value of $21,200.00. Following the purchase, the director now owns 2,300 shares of the company's stock, valued at approximately $60,950. The trade was a 53.33 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Finward Bancorp Stock Up 1.9 %

NASDAQ:FNWD traded up $0.50 during mid-day trading on Thursday, reaching $26.66. The stock had a trading volume of 924 shares, compared to its average volume of 4,363. 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 stock's 50 day simple moving average is $28.23 and its two-hundred day simple moving average is $29.29. Finward Bancorp has a 1-year low of $22.82 and a 1-year high of $33.50. The company has a market capitalization of $114.90 million, a price-to-earnings ratio of 9.42 and a beta of 0.54.

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 (EPS) for the quarter, beating 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%. Equities analysts anticipate that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.80%. Finward Bancorp's payout ratio is currently 16.96%.

Institutional Investors Weigh In On Finward Bancorp

A number of institutional investors have recently modified their holdings of FNWD. PL Capital Advisors LLC lifted its holdings 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 last quarter. 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 worth $9,696,000 after purchasing an additional 33,036 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Finward Bancorp by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 38,662 shares of the company's stock worth $1,237,000 after purchasing an additional 2,825 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Finward Bancorp in the 2nd quarter worth approximately $329,000. Finally, Commonwealth Equity Services LLC acquired a new position in Finward Bancorp during the 4th quarter valued at approximately $221,000. 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.