Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt Acquires 500 Shares

Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt bought 500 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $26.56 per share, with a total value of $13,280.00. Following the acquisition, the chief financial officer now owns 4,677 shares in the company, valued at approximately $124,221.12. This represents a 11.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Benjamin Louis Schmitt also recently made the following trade(s):

• On Friday, December 13th, Benjamin Louis Schmitt acquired 500 shares of Finward Bancorp stock. The shares were purchased at an average cost of $31.13 per share, with a total value of $15,565.00.

Finward Bancorp Stock Up 1.5 %

Shares of Finward Bancorp stock opened at $26.99 on Friday. The firm has a market cap of $116.43 million, a PE ratio of 9.54 and a beta of 0.54. The business’s 50 day simple moving average is $27.33 and its 200 day simple moving average is $29.18. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. Finward Bancorp has a 52-week low of $22.90 and a 52-week high of $33.50.

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, beating 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%. On average, analysts predict that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Finward Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Tuesday, January 21st were given 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 1.78%. Finward Bancorp’s dividend payout ratio (DPR) is presently 16.96%.

Hedge Funds Weigh In On Finward Bancorp

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Finward Bancorp by 7.9% in the third quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock valued at $1,237,000 after acquiring an additional 2,825 shares during the last quarter. PL Capital Advisors LLC grew its stake in Finward Bancorp by 2,718.1% in the fourth quarter. PL Capital Advisors LLC now owns 9,999,177 shares of the company’s stock valued at $281,077,000 after purchasing an additional 9,644,355 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in Finward Bancorp in the fourth quarter valued at approximately $221,000. Alliancebernstein L.P. increased its position in shares of Finward Bancorp by 10.6% during the 4th quarter. Alliancebernstein L.P. now owns 344,926 shares of the company’s stock worth $9,696,000 after purchasing an additional 33,036 shares during the last quarter. Finally, Finward Bancorp bought a new stake in shares of Finward Bancorp during the 4th quarter worth approximately $4,175,000. 26.59% of the stock is currently owned by institutional investors and hedge funds.

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.