Insider Buying: Finward Bancorp (NASDAQ:FNWD) Director Acquires 1,000 Shares of Stock

Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was bought at an average cost of $26.80 per share, for a total transaction of $26,800.00. Following the completion of the purchase, the director now directly owns 1,000 shares in the company, valued at $26,800. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Finward Bancorp Price Performance

FNWD stock opened at $26.50 on Tuesday. Finward Bancorp has a 1 year low of $22.82 and a 1 year high of $33.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $114.22 million, a PE ratio of 9.36 and a beta of 0.54. The business has a 50 day simple moving average of $28.42 and a 200-day simple moving average of $29.33.

Finward Bancorp (NASDAQ:FNWD) last issued its earnings results on Tuesday, February 4th. The company reported $0.49 earnings per share (EPS) 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%. Equities research analysts anticipate that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Finward Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Tuesday, January 21st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, January 21st. Finward Bancorp’s payout ratio is currently 16.96%.

Hedge Funds Weigh In On Finward Bancorp

A number of institutional investors have recently bought and sold shares of FNWD. PL Capital Advisors LLC grew its stake 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 buying an additional 9,644,355 shares during the period. Geode Capital Management LLC grew its position in Finward Bancorp by 7.9% in the third quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock worth $1,237,000 after acquiring an additional 2,825 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Finward Bancorp during the second quarter worth $329,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Finward Bancorp in the fourth quarter valued at $221,000. 26.59% of the stock is 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.