Finward Bancorp (NASDAQ:FNWD) Director Buys $26,800.00 in Stock

Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average cost of $26.80 per share, for a total transaction of $26,800.00. Following the acquisition, the director now directly owns 1,000 shares in the company, valued at $26,800. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Finward Bancorp Price Performance

FNWD traded up $0.65 during trading on Monday, reaching $26.96. 830 shares of the company were exchanged, compared to its average volume of 3,016. The company’s 50-day moving average is $28.52 and its two-hundred day moving average is $29.35. The company has a market cap of $116.20 million, a price-to-earnings ratio of 9.53 and a beta of 0.54. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.53. Finward Bancorp has a 12-month low of $22.82 and a 12-month high of $33.50.

Finward Bancorp (NASDAQ:FNWD) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.49 earnings per share for the quarter, beating 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%. Research analysts forecast 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 issued 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 currently 16.96%.

Institutional Trading of Finward Bancorp

Several institutional investors and hedge funds have recently modified their holdings of FNWD. PL Capital Advisors LLC raised its holdings in shares of Finward Bancorp by 2,718.1% in the 4th quarter. PL Capital Advisors LLC now owns 9,999,177 shares of the company’s stock valued at $281,077,000 after acquiring an additional 9,644,355 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Finward Bancorp during the 2nd quarter valued at about $329,000. Commonwealth Equity Services LLC purchased a new position in shares of Finward Bancorp during the 4th quarter valued at about $221,000. Finally, 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 in the last quarter. Hedge funds and other institutional investors own 26.59% of the company’s stock.

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.