Benjamin Louis Schmitt Purchases 500 Shares of Finward Bancorp (NASDAQ:FNWD) Stock

Finward Bancorp (NASDAQ:FNWD - Get Free Report) CFO Benjamin Louis Schmitt bought 500 shares of the company's stock in a transaction on Friday, June 13th. The shares were bought at an average price of $28.98 per share, for a total transaction of $14,490.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,577 shares in the company, valued at approximately $161,621.46. This trade represents a 9.85% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Finward Bancorp Stock Up 0.5%

Finward Bancorp stock traded up $0.13 during trading on Friday, hitting $28.80. 5,663 shares of the company were exchanged, compared to its average volume of 4,920. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37. The business's 50 day moving average is $29.89 and its 200 day moving average is $28.80. Finward Bancorp has a 52 week low of $23.50 and a 52 week high of $33.50. The company has a market capitalization of $124.70 million, a P/E ratio of 37.40 and a beta of 0.27.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $15.54 million for the quarter, compared to analyst estimates of $16.25 million. Finward Bancorp had a net margin of 3.28% and a return on equity of 2.16%. Analysts predict that Finward Bancorp will post 0.9 earnings per share for the current year.

Finward Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, April 28th were given a dividend of $0.12 per share. The ex-dividend date was Monday, April 28th. This represents a $0.48 annualized dividend and a yield of 1.67%. Finward Bancorp's payout ratio is presently 62.34%.

Institutional Investors Weigh In On Finward Bancorp

A number of institutional investors 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 buying an additional 9,644,355 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Finward Bancorp in the 4th quarter worth $221,000. Alliancebernstein L.P. raised its stake in Finward Bancorp by 10.6% during the 4th quarter. Alliancebernstein L.P. now owns 344,926 shares of the company's stock valued at $9,696,000 after buying an additional 33,036 shares during the last quarter. Finward Bancorp bought a new position in Finward Bancorp in the fourth quarter valued at about $4,175,000. Finally, Dimensional Fund Advisors LP raised its stake in Finward Bancorp by 8.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company's stock worth $496,000 after acquiring an additional 1,393 shares during the period. Hedge funds and other institutional investors own 26.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FNWD. Hovde Group lowered Finward Bancorp from an "outperform" rating to a "market perform" rating in a report on Monday, March 17th. Stephens upped their price objective on Finward Bancorp from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd.

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.