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

Finward Bancorp (NASDAQ:FNWD - Get Free Report) Director Martin P. Alwin purchased 911 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $26.71 per share, for a total transaction of $24,332.81. Following the completion of the purchase, the director now directly owns 1,911 shares in the company, valued at $51,042.81. This represents a 91.10 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Finward Bancorp Price Performance

NASDAQ:FNWD traded up $0.24 during mid-day trading on Tuesday, hitting $27.05. 395 shares of the stock traded hands, compared to its average volume of 4,773. Finward Bancorp has a 12-month low of $22.90 and a 12-month 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 company has a market cap of $116.69 million, a PE ratio of 9.56 and a beta of 0.54. The business's 50-day moving average price is $27.21 and its 200 day moving average price is $29.20.

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 return on equity of 7.91% and a net margin of 10.85%. On average, analysts expect that Finward Bancorp will post 0.9 EPS for the current fiscal year.

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Finward Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.77%. Finward Bancorp's dividend payout ratio (DPR) is currently 16.96%.

Institutional Trading of Finward Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of FNWD. Commonwealth Equity Services LLC bought a new stake in Finward Bancorp in the 4th quarter worth $221,000. Northern Trust Corp boosted its holdings in shares of Finward Bancorp by 37.5% during the fourth quarter. Northern Trust Corp now owns 15,021 shares of the company's stock worth $422,000 after purchasing an additional 4,098 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Finward Bancorp by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company's stock worth $496,000 after purchasing an additional 1,393 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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. Finally, Finward Bancorp bought a new position in Finward Bancorp during the 4th quarter valued at approximately $4,175,000. 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.