Finward Bancorp (NASDAQ:FNWD) Director Martin P. Alwin Acquires 911 Shares of Stock

Finward Bancorp (NASDAQ:FNWD) Director Martin P. Alwin purchased 911 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $26.71 per share, for a total transaction of $24,332.81. Following the completion of the purchase, the director now owns 1,911 shares in the company, valued at $51,042.81. The trade was a 91.10 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Finward Bancorp Stock Up 1.5 %

Shares of NASDAQ:FNWD opened at $26.99 on Friday. The stock’s 50-day moving average price is $27.33 and its two-hundred day moving average price is $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 12-month low of $22.90 and a 12-month high of $33.50. The firm has a market cap of $116.43 million, a price-to-earnings ratio of 9.54 and a beta of 0.54.

Finward Bancorp (NASDAQ:FNWD) last released 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, research analysts forecast 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. Stockholders of record on Tuesday, January 21st were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.78%. Finward Bancorp’s dividend payout ratio (DPR) is 16.96%.

Hedge Funds Weigh In On Finward Bancorp

A number of large investors have recently modified their holdings of FNWD. Commonwealth Equity Services LLC purchased a new stake in shares of Finward Bancorp during the 4th quarter valued at about $221,000. Northern Trust Corp raised its holdings in shares of Finward Bancorp by 37.5% during the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock valued at $422,000 after buying an additional 4,098 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Finward Bancorp by 8.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company’s stock valued at $496,000 after buying an additional 1,393 shares during the period. Geode Capital Management LLC raised its holdings in shares of Finward Bancorp by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock valued at $1,237,000 after buying an additional 2,825 shares during the period. Finally, Finward Bancorp purchased a new stake in shares of Finward Bancorp during the 4th quarter valued at about $4,175,000. 26.59% of the stock is currently owned by hedge funds and other institutional investors.

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.