Finward Bancorp (NASDAQ:FNWD) Shares Acquired by PL Capital Advisors LLC

PL Capital Advisors LLC grew its position in Finward Bancorp (NASDAQ:FNWD - Free Report) by 2,718.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,999,177 shares of the company's stock after acquiring an additional 9,644,355 shares during the quarter. Finward Bancorp makes up approximately 3.3% of PL Capital Advisors LLC's holdings, making the stock its 10th largest position. PL Capital Advisors LLC owned 232.00% of Finward Bancorp worth $281,077,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC grew its stake in Finward Bancorp by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 38,662 shares of the company's stock worth $1,237,000 after buying an additional 2,825 shares during the last quarter. 26.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Finward Bancorp

In other Finward Bancorp news, Director Carolyn M. Burke purchased 1,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was bought 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 in the company, valued at $26,800. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders acquired 5,405 shares of company stock valued at $147,361. 13.70% of the stock is currently owned by corporate insiders.

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Finward Bancorp Stock Performance

FNWD traded up $0.39 during trading on Friday, reaching $26.99. 3,013 shares of the company were exchanged, compared to its average volume of 3,762. The stock has a market cap of $116.43 million, a P/E ratio of 9.54 and a beta of 0.54. The firm has a 50 day moving average of $27.26 and a 200 day moving average of $29.18. 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 has a 52 week low of $22.90 and a 52 week high of $33.50.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last issued 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%. On average, sell-side analysts forecast that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Finward Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st were paid a $0.12 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.78%. Finward Bancorp's payout ratio is 16.96%.

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.