Finward Bancorp (NASDAQ:FNWD) Stake Boosted by PL Capital Advisors LLC

PL Capital Advisors LLC boosted its stake in shares of Finward Bancorp (NASDAQ:FNWD) by 2,718.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,999,177 shares of the company’s stock after buying an additional 9,644,355 shares during the period. Finward Bancorp comprises 3.3% of PL Capital Advisors LLC’s investment portfolio, making the stock its 10th largest holding. PL Capital Advisors LLC owned about 2.32% of Finward Bancorp worth $281,077,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Geode Capital Management LLC raised its holdings in shares of Finward Bancorp by 7.9% during the third 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 period. 26.59% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Carolyn M. Burke acquired 1,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of $26.80 per share, with a total value of $26,800.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $26,800. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have acquired 2,733 shares of company stock worth $76,140 in the last 90 days. Company insiders own 5.17% of the company’s stock.

Finward Bancorp Stock Down 1.3 %

Shares of NASDAQ:FNWD opened at $26.31 on Wednesday. Finward Bancorp has a 52 week low of $22.82 and a 52 week 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. The company has a market cap of $113.50 million, a PE ratio of 9.30 and a beta of 0.54. The firm has a 50 day simple moving average of $27.45 and a 200 day simple moving average of $29.22.

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

Finward Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Tuesday, January 21st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.48 annualized dividend and a yield of 1.82%. Finward Bancorp’s dividend payout ratio (DPR) is presently 16.96%.

Finward Bancorp 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.