Finward Bancorp (NASDAQ:FNWD) Director Acquires $21,200.00 in Stock

Finward Bancorp (NASDAQ:FNWD) Director Carolyn M. Burke bought 800 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $26.50 per share, with a total value of $21,200.00. Following the transaction, the director now owns 2,300 shares in the company, valued at $60,950. The trade was a 53.33 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Finward Bancorp Price Performance

Shares of NASDAQ:FNWD traded up $0.65 during trading on Monday, reaching $26.96. The company had a trading volume of 830 shares, compared to its average volume of 3,016. The firm’s fifty day moving average is $28.52 and its 200 day moving average is $29.35. The firm has a market capitalization of $116.20 million, a PE ratio of 9.53 and a beta of 0.54. Finward Bancorp has a twelve month low of $22.82 and a twelve month high of $33.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86.

Finward Bancorp (NASDAQ:FNWD) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.49 earnings per share 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, equities analysts forecast 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. Investors of record on Tuesday, January 21st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.78%. The ex-dividend date was Tuesday, January 21st. Finward Bancorp’s dividend payout ratio is presently 16.96%.

Institutional Trading of Finward Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PL Capital Advisors LLC lifted its stake in Finward Bancorp by 2,718.1% during the fourth quarter. PL Capital Advisors LLC now owns 9,999,177 shares of the company’s stock valued at $281,077,000 after purchasing an additional 9,644,355 shares during the last quarter. Geode Capital Management LLC lifted its position 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 in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Finward Bancorp in the 2nd quarter valued at approximately $329,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Finward Bancorp in the 4th quarter valued at approximately $221,000. 26.59% of the stock is owned by institutional investors and hedge funds.

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.