Finward Bancorp (NASDAQ:FNWD) CFO Buys $15,565.00 in Stock

Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt acquired 500 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $31.13 per share, for a total transaction of $15,565.00. Following the purchase, the chief financial officer now directly owns 3,490 shares of the company’s stock, valued at approximately $108,643.70. This trade represents a 16.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, October 31st, Benjamin Louis Schmitt acquired 10 shares of Finward Bancorp stock. The stock was acquired at an average price of $31.28 per share, for a total transaction of $312.80.

Finward Bancorp Trading Up 1.2 %

Shares of Finward Bancorp stock opened at $31.15 on Monday. The firm’s 50-day moving average price is $31.23 and its two-hundred day moving average price is $28.52. The company has a market capitalization of $134.38 million, a price-to-earnings ratio of 11.58 and a beta of 0.52. 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 $22.50 and a 12-month high of $33.50.

Finward Bancorp (NASDAQ:FNWD) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Finward Bancorp had a net margin of 10.44% and a return on equity of 7.60%. The business had revenue of $14.87 million during the quarter. On average, analysts forecast that Finward Bancorp will post 0.08 earnings per share for the current fiscal year.

Finward Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Friday, October 18th. Finward Bancorp’s dividend payout ratio is 17.84%.

Analyst Ratings Changes

Separately, Hovde Group upgraded Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Friday, September 6th.

Institutional Trading of Finward Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted 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 acquiring an additional 2,825 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Finward Bancorp in the 2nd quarter worth about $329,000. Finally, Vanguard Group Inc. increased its holdings in Finward Bancorp by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 159,750 shares of the company’s stock worth $3,930,000 after purchasing an additional 5,206 shares in the last quarter. Institutional investors and hedge funds own 26.59% of the company’s stock.

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.