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

Finward Bancorp (NASDAQ:FNWD - Get Free Report) CFO Benjamin Louis Schmitt purchased 500 shares of the stock in a transaction dated Friday, June 13th. The shares were acquired at an average price of $28.98 per share, with a total value of $14,490.00. Following the completion of the acquisition, the chief financial officer now owns 5,577 shares in the company, valued at approximately $161,621.46. This trade represents a 9.85% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Finward Bancorp Trading Up 0.2%

Shares of FNWD traded up $0.07 during midday trading on Tuesday, hitting $28.77. 12,380 shares of the stock were exchanged, compared to its average volume of 4,828. Finward Bancorp has a 52-week low of $23.50 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 stock has a fifty day simple moving average of $29.92 and a 200 day simple moving average of $28.83. The firm has a market cap of $124.46 million, a P/E ratio of 10.17 and a beta of 0.27.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $15.54 million during the quarter, compared to analysts' expectations of $16.25 million. Finward Bancorp had a return on equity of 7.91% and a net margin of 10.85%. On average, research analysts anticipate that Finward Bancorp will post 0.9 EPS for the current fiscal year.

Finward Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, April 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, April 28th. Finward Bancorp's dividend payout ratio (DPR) is currently 62.34%.

Institutional Investors Weigh In On Finward Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Finward Bancorp purchased a new stake in shares of Finward Bancorp during the fourth quarter worth $4,175,000. PL Capital Advisors LLC boosted its stake in shares of Finward Bancorp by 0.3% in the 4th quarter. PL Capital Advisors LLC now owns 355,716 shares of the company's stock valued at $9,999,000 after buying an additional 894 shares during the period. Northern Trust Corp grew its position in shares of 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 buying an additional 4,098 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Finward Bancorp by 10.6% during the fourth quarter. Alliancebernstein L.P. now owns 344,926 shares of the company's stock worth $9,696,000 after buying an additional 33,036 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in Finward Bancorp in the fourth quarter valued at approximately $221,000. 26.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FNWD. Hovde Group cut shares of Finward Bancorp from an "outperform" rating to a "market perform" rating in a research report on Monday, March 17th. Stephens upped their price objective on shares of Finward Bancorp from $32.00 to $34.00 and gave the stock an "overweight" rating in a report 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.

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