Insider Buying: Finward Bancorp (NASDAQ:FNWD) Director Purchases 1,400 Shares of Stock

Finward Bancorp (NASDAQ:FNWD - Get Free Report) Director Robert W. Youman acquired 1,400 shares of Finward Bancorp stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $27.76 per share, for a total transaction of $38,864.00. Following the completion of the transaction, the director now directly owns 22,773 shares of the company's stock, valued at approximately $632,178.48. This represents a 6.55 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Finward Bancorp Stock Performance

Shares of Finward Bancorp stock traded down $0.06 on Monday, reaching $29.39. 14,096 shares of the company were exchanged, compared to its average volume of 4,670. Finward Bancorp has a 1-year low of $23.50 and a 1-year high of $33.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $126.79 million, a price-to-earnings ratio of 10.39 and a beta of 0.53. The company's 50-day moving average is $27.10 and its two-hundred day moving average is $29.24.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last issued 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%. As a group, research analysts expect that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

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Finward Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, January 21st. This represents a $0.48 annualized dividend and a yield of 1.63%. Finward Bancorp's dividend payout ratio (DPR) is currently 16.96%.

Analyst Upgrades and Downgrades

Separately, Hovde Group lowered Finward Bancorp from an "outperform" rating to a "market perform" rating in a research note on Monday.

Hedge Funds Weigh In On Finward Bancorp

Institutional investors have recently bought and sold shares of the stock. PL Capital Advisors LLC grew its position in Finward Bancorp by 0.3% during the fourth quarter. PL Capital Advisors LLC now owns 355,716 shares of the company's stock worth $9,999,000 after buying an additional 894 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Finward Bancorp by 8.6% during the fourth 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 in the last quarter. Geode Capital Management LLC boosted its holdings in Finward Bancorp by 7.9% during 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 in the last quarter. Northern Trust Corp boosted its holdings in Finward Bancorp by 37.5% during the fourth 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 in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in Finward Bancorp during the fourth quarter valued at approximately $221,000. 26.59% of the stock is currently owned by institutional investors.

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.