Insider Buying: Finward Bancorp (NASDAQ:FNWD) Director Acquires 800 Shares of Stock

Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke bought 800 shares of Finward Bancorp stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $26.50 per share, for a total transaction of $21,200.00. Following the completion of the acquisition, the director now directly owns 2,300 shares in the company, valued at $60,950. This represents a 53.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Finward Bancorp Stock Down 0.8 %

NASDAQ:FNWD opened at $26.16 on Thursday. The stock’s fifty day moving average price is $28.23 and its two-hundred day moving average price is $29.29. Finward Bancorp has a 52-week low of $22.82 and a 52-week 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 company has a market cap of $112.75 million, a price-to-earnings ratio of 9.24 and a beta of 0.54.

Finward Bancorp (NASDAQ:FNWD) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 earnings per share (EPS) for the quarter, topping 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%. On average, analysts anticipate that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Announces Dividend

The company also recently disclosed 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. This represents a $0.48 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, January 21st. Finward Bancorp’s dividend payout ratio is 16.96%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. PL Capital Advisors LLC lifted its holdings in Finward Bancorp by 0.3% during the 4th 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. Geode Capital Management LLC lifted its stake in shares of Finward Bancorp by 7.9% in 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. Commonwealth Equity Services LLC acquired a new position in shares of Finward Bancorp in the 4th quarter valued at $221,000. Dimensional Fund Advisors LP acquired a new position in shares of Finward Bancorp in the 2nd quarter valued at $329,000. Finally, Alliancebernstein L.P. lifted its stake in shares of 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 purchasing an additional 33,036 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.