Insider Buying: Finward Bancorp (NASDAQ:FNWD) CFO Buys 500 Shares of Stock

Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt bought 500 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $26.56 per share, for a total transaction of $13,280.00. Following the completion of the acquisition, the chief financial officer now owns 4,677 shares in the company, valued at $124,221.12. This trade represents a 11.97 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Benjamin Louis Schmitt also recently made the following trade(s):

• On Friday, December 13th, Benjamin Louis Schmitt purchased 500 shares of Finward Bancorp stock. The shares were acquired at an average cost of $31.13 per share, for a total transaction of $15,565.00.

Finward Bancorp Stock Performance

FNWD 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. The stock has a market cap of $116.43 million, a price-to-earnings ratio of 9.54 and a beta of 0.54. Finward Bancorp has a 12-month low of $22.90 and a 12-month high of $33.50. The business has a 50 day moving average of $27.33 and a 200-day moving average of $29.18.

Finward Bancorp (NASDAQ:FNWD) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 EPS 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 research analysts expect that Finward Bancorp will post 0.9 earnings per share for the current year.

Finward Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Tuesday, January 21st were paid a $0.12 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.48 dividend on an annualized basis and a yield of 1.78%. Finward Bancorp’s dividend payout ratio (DPR) is currently 16.96%.

Institutional Investors Weigh In On Finward Bancorp

Several hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC bought a new position in shares of Finward Bancorp during the fourth quarter worth approximately $221,000. Northern Trust Corp boosted its stake in Finward Bancorp by 37.5% in the 4th quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock valued at $422,000 after purchasing an additional 4,098 shares during the period. Dimensional Fund Advisors LP grew its holdings in Finward Bancorp by 8.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company’s stock valued at $496,000 after buying an additional 1,393 shares in the last quarter. Geode Capital Management LLC increased its position in Finward Bancorp by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock worth $1,237,000 after buying an additional 2,825 shares during the period. Finally, Finward Bancorp acquired a new stake in shares of Finward Bancorp during the fourth quarter worth $4,175,000. 26.59% of the stock is currently owned by institutional investors and hedge funds.

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.