Insider Buying: Finward Bancorp (NASDAQ:FNWD) Director Acquires 1,400 Shares of Stock

Finward Bancorp (NASDAQ:FNWD) Director Robert W. Youman purchased 1,400 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $27.76 per share, with a total value of $38,864.00. Following the purchase, the director now directly owns 22,773 shares of the company’s stock, valued at approximately $632,178.48. The trade was a 6.55 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Finward Bancorp Stock Performance

NASDAQ:FNWD opened at $29.36 on Friday. The firm has a market cap of $126.66 million, a price-to-earnings ratio of 10.37 and a beta of 0.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. Finward Bancorp has a 1-year low of $23.50 and a 1-year high of $33.50. The firm’s fifty day moving average price is $27.06 and its 200 day moving average price is $29.20.

Finward Bancorp (NASDAQ:FNWD) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.49 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, January 21st. Finward Bancorp’s dividend payout ratio (DPR) is 16.96%.

Institutional Trading of Finward Bancorp

Institutional investors have recently modified their holdings of the business. PL Capital Advisors LLC lifted its holdings 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 acquiring an additional 9,644,355 shares during the period. Alliancebernstein L.P. increased its holdings 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 in the last quarter. Finward Bancorp acquired a new stake in shares of Finward Bancorp in the fourth quarter valued at about $4,175,000. Geode Capital Management LLC lifted its stake 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 purchasing an additional 2,825 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Finward Bancorp by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company’s stock worth $496,000 after buying an additional 1,393 shares in the last quarter. 26.59% of the stock is currently owned by hedge funds and other 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.