Finward Bancorp Purchases New Position in Finward Bancorp (NASDAQ:FNWD)

Finward Bancorp bought a new position in Finward Bancorp (NASDAQ:FNWD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 148,510 shares of the company's stock, valued at approximately $4,175,000. Finward Bancorp accounts for about 3.6% of Finward Bancorp's portfolio, making the stock its 7th biggest position. Finward Bancorp owned about 3.45% of Finward Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PL Capital Advisors LLC grew its position in Finward Bancorp by 2,718.1% during the fourth 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 in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Finward Bancorp by 10.6% during the 4th quarter. Alliancebernstein L.P. now owns 344,926 shares of the company's stock worth $9,696,000 after purchasing an additional 33,036 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Finward Bancorp during the fourth quarter valued at approximately $221,000. Finally, Geode Capital Management LLC lifted its position in Finward Bancorp by 7.9% in 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. Institutional investors and hedge funds own 26.59% of the company's stock.

Finward Bancorp Price Performance

FNWD traded up $0.36 during midday trading on Friday, reaching $30.15. 15,866 shares of the company's stock were exchanged, compared to its average volume of 4,340. 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 business has a 50-day simple moving average of $28.25 and a two-hundred day simple moving average of $29.21. The firm has a market capitalization of $130.40 million, a price-to-earnings ratio of 10.65 and a beta of 0.28. Finward Bancorp has a one year low of $23.50 and a one year high of $33.50.

Finward Bancorp (NASDAQ:FNWD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.49 EPS for the quarter, beating 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%. As a group, research analysts predict that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, April 28th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Monday, April 28th. Finward Bancorp's dividend payout ratio is currently 16.96%.

Analysts Set New Price Targets

Separately, Hovde Group lowered shares of Finward Bancorp from an "outperform" rating to a "market perform" rating in a report on Monday, March 17th.

Insider Buying and Selling at Finward Bancorp

In other Finward Bancorp news, Director Robert W. Youman purchased 1,400 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $27.76 per share, with a total value of $38,864.00. Following the acquisition, the director now directly owns 22,773 shares of the company's stock, valued at approximately $632,178.48. This trade represents a 6.55 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Carolyn M. Burke acquired 1,000 shares of Finward Bancorp stock in a transaction on Monday, February 3rd. The stock was acquired at an average cost of $26.80 per share, for a total transaction of $26,800.00. Following the purchase, the director now owns 1,000 shares of the company's stock, valued at approximately $26,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 6,472 shares of company stock worth $174,563 over the last ninety days. Corporate insiders own 13.70% 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.