Finward Bancorp (NASDAQ:FNWD – Get Free Report) Director Carolyn M. Burke purchased 800 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $26.50 per share, for a total transaction of $21,200.00. Following the purchase, the director now directly owns 2,300 shares of the company’s stock, valued at approximately $60,950. This represents a 53.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Finward Bancorp Trading Up 0.7 %
Shares of FNWD stock opened at $26.50 on Tuesday. 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 fifty day moving average of $28.42 and a 200-day moving average of $29.33. Finward Bancorp has a 52-week low of $22.82 and a 52-week high of $33.50. The stock has a market cap of $114.22 million, a price-to-earnings ratio of 9.36 and a beta of 0.54.
Finward Bancorp (NASDAQ:FNWD – Get Free Report) last posted its quarterly earnings results 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 net margin of 10.85% and a return on equity of 7.91%. On average, equities research analysts forecast that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.
Finward Bancorp Dividend Announcement
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PL Capital Advisors LLC grew its stake 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 during the last quarter. Geode Capital Management LLC increased 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 buying an additional 2,825 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of Finward Bancorp during the fourth quarter valued at $221,000. Finally, Dimensional Fund Advisors LP bought a new position in Finward Bancorp in the second quarter valued at about $329,000. 26.59% of the stock is 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.
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