Martin P. Alwin Acquires 911 Shares of Finward Bancorp (NASDAQ:FNWD) Stock

Finward Bancorp (NASDAQ:FNWD) Director Martin P. Alwin acquired 911 shares of the company’s stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $26.71 per share, for a total transaction of $24,332.81. Following the completion of the acquisition, the director now directly owns 1,911 shares in the company, valued at $51,042.81. The trade was a 91.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Finward Bancorp Price Performance

FNWD stock opened at $26.99 on Friday. 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 52-week low of $22.90 and a 52-week high of $33.50. The stock’s 50 day moving average is $27.33 and its two-hundred day moving average is $29.18. The company has a market capitalization of $116.43 million, a PE ratio of 9.54 and a beta of 0.54.

Finward Bancorp (NASDAQ:FNWD) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 earnings per share (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%. Analysts predict that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Finward Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.78%. Finward Bancorp’s payout ratio is 16.96%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FNWD. PL Capital Advisors LLC grew its position 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 worth $281,077,000 after acquiring an additional 9,644,355 shares in the last quarter. Finward Bancorp acquired a new position in shares of Finward Bancorp in the 4th quarter worth approximately $4,175,000. Alliancebernstein L.P. grew its position in shares of Finward Bancorp by 10.6% in the 4th quarter. Alliancebernstein L.P. now owns 344,926 shares of the company’s stock worth $9,696,000 after acquiring an additional 33,036 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Finward Bancorp in the 4th quarter worth approximately $221,000. Finally, Northern Trust Corp grew its position in shares of Finward Bancorp by 37.5% in the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock worth $422,000 after acquiring an additional 4,098 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.