Fourthstone LLC Sells 11,955 Shares of Finward Bancorp (NASDAQ:FNWD)

Fourthstone LLC trimmed its stake in Finward Bancorp (NASDAQ:FNWD - Free Report) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,565 shares of the company's stock after selling 11,955 shares during the period. Finward Bancorp comprises about 0.7% of Fourthstone LLC's investment portfolio, making the stock its 26th biggest position. Fourthstone LLC owned about 2.91% of Finward Bancorp worth $3,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. PL Capital Advisors LLC increased its stake in Finward Bancorp by 0.3% during the fourth quarter. PL Capital Advisors LLC now owns 355,716 shares of the company's stock valued at $9,999,000 after acquiring an additional 894 shares during the period. Geode Capital Management LLC lifted 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 worth $1,237,000 after purchasing an additional 2,825 shares during the period. Commonwealth Equity Services LLC acquired a new stake in Finward Bancorp during the fourth quarter worth $221,000. Alliancebernstein L.P. increased its holdings in Finward Bancorp by 10.6% in the 4th 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 period. Finally, Finward Bancorp acquired a new position in shares of Finward Bancorp in the 4th quarter valued at $4,175,000. Institutional investors own 26.59% of the company's stock.

Insider Buying and Selling

In other Finward Bancorp news, Director Robert W. Youman acquired 1,400 shares of Finward Bancorp stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $27.76 per share, with a total value of $38,864.00. Following the completion of the purchase, the director now owns 22,773 shares in the company, valued at $632,178.48. This trade represents a 6.55 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carolyn M. Burke bought 1,000 shares of the stock in a transaction dated 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 owns 1,000 shares of the company's stock, valued at $26,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 6,472 shares of company stock worth $174,563 in the last three months. Insiders own 13.70% of the company's stock.

Analysts Set New Price Targets

Separately, Hovde Group lowered shares of Finward Bancorp from an "outperform" rating to a "market perform" rating in a research report on Monday, March 17th.

Finward Bancorp Price Performance

FNWD stock traded up $0.36 during trading on Friday, hitting $30.15. The company had a trading volume of 15,866 shares, compared to its average volume of 4,340. The company has a fifty day moving average price of $28.25 and a two-hundred day moving average price of $29.21. Finward Bancorp has a fifty-two week low of $23.50 and a fifty-two week high of $33.50. The company has a market cap of $130.40 million, a P/E ratio of 10.65 and a beta of 0.28. 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 announced its earnings results 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%. Equities research analysts expect that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Finward Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, April 28th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, April 28th. Finward Bancorp's payout ratio is currently 16.96%.

Finward Bancorp 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.