Finward Bancorp (NASDAQ:FNWD) Director Purchases $26,800.00 in Stock

Finward Bancorp (NASDAQ:FNWD - Get Free Report) Director Carolyn M. Burke bought 1,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was acquired at an average price of $26.80 per share, with a total value of $26,800.00. Following the completion of the purchase, the director now directly owns 1,000 shares of the company's stock, valued at approximately $26,800. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Finward Bancorp Trading Up 1.9 %

Shares of FNWD traded up $0.50 during mid-day trading on Thursday, hitting $26.66. The company had a trading volume of 924 shares, compared to its average volume of 4,363. Finward Bancorp has a 1-year low of $22.82 and a 1-year high of $33.50. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. The business's 50-day simple moving average is $28.23 and its 200-day simple moving average is $29.29. The stock has a market cap of $114.90 million, a PE ratio of 9.42 and a beta of 0.54.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last released its quarterly earnings data 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 return on equity of 7.91% and a net margin of 10.85%. Sell-side analysts forecast that Finward Bancorp will post 0.9 earnings per share for the current year.

Finward Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, January 21st. Finward Bancorp's dividend payout ratio is currently 16.96%.

Institutional Trading of Finward Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of FNWD. PL Capital Advisors LLC grew its stake 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 worth $281,077,000 after buying an additional 9,644,355 shares during the period. Alliancebernstein L.P. lifted its holdings 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 acquiring an additional 33,036 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Finward Bancorp during the 2nd quarter worth $329,000. Commonwealth Equity Services LLC acquired a new stake in Finward Bancorp in the 4th quarter valued at $221,000. Finally, Geode Capital Management LLC raised its position in Finward Bancorp by 7.9% in the third 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. Institutional investors and hedge funds 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.