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

Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt bought 500 shares of Finward Bancorp stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $31.13 per share, with a total value of $15,565.00. Following the completion of the acquisition, the chief financial officer now directly owns 3,490 shares in the company, valued at $108,643.70. This represents a 16.72 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were bought at an average cost of $31.28 per share, with a total value of $312.80.

Finward Bancorp Trading Up 1.2 %

Shares of FNWD opened at $31.15 on Friday. 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 $22.50 and a 1 year high of $33.50. The company has a 50 day simple moving average of $31.23 and a two-hundred day simple moving average of $28.49. The firm has a market cap of $134.38 million, a P/E ratio of 11.58 and a beta of 0.52.

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

Finward Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Hovde Group raised shares of Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Friday, September 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Finward Bancorp by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 159,750 shares of the company’s stock valued at $3,930,000 after acquiring an additional 5,206 shares during the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 2,825 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Finward Bancorp in the second quarter worth $329,000. 26.59% of the stock is currently owned by 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.