Insider Buying: Finward Bancorp (NASDAQ:FNWD) Director Acquires 1,400 Shares of Stock

Finward Bancorp (NASDAQ:FNWD) Director Robert W. Youman bought 1,400 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $27.76 per share, with a total value of $38,864.00. Following the acquisition, the director now owns 22,773 shares in the company, valued at approximately $632,178.48. This represents a 6.55 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Finward Bancorp Stock Up 0.2 %

NASDAQ FNWD traded up $0.05 during trading on Thursday, hitting $29.36. The stock had a trading volume of 6,325 shares, compared to its average volume of 4,733. Finward Bancorp has a 12 month low of $23.50 and a 12 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. The company’s 50-day moving average price is $27.06 and its two-hundred day moving average price is $29.20. The company has a market capitalization of $126.66 million, a PE ratio of 10.37 and a beta of 0.53.

Finward Bancorp (NASDAQ:FNWD) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Tuesday, January 21st were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Tuesday, January 21st. Finward Bancorp’s dividend payout ratio (DPR) is presently 16.96%.

Institutional Investors Weigh In On Finward Bancorp

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