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

Finward Bancorp (NASDAQ:FNWD) Director Robert W. Youman acquired 1,400 shares of Finward Bancorp stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $27.76 per share, for a total transaction of $38,864.00. Following the completion of the purchase, the director now directly owns 22,773 shares of the company’s stock, valued at $632,178.48. This represents a 6.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Finward Bancorp Price Performance

Shares of FNWD traded up $0.05 during trading hours on Thursday, reaching $29.36. The stock had a trading volume of 6,325 shares, compared to its average volume of 4,733. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. Finward Bancorp has a 12 month low of $23.50 and a 12 month high of $33.50. The stock has a market capitalization of $126.66 million, a PE ratio of 10.37 and a beta of 0.53. The company’s 50-day moving average is $27.06 and its two-hundred day moving average is $29.20.

Finward Bancorp (NASDAQ:FNWD) last posted its 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%. Research analysts expect that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Tuesday, January 21st were issued a $0.12 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $0.48 annualized dividend and a yield of 1.63%. Finward Bancorp’s payout ratio is 16.96%.

Institutional Trading of Finward Bancorp

Large investors have recently bought and sold shares of the business. PL Capital Advisors LLC boosted its stake 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 acquiring an additional 9,644,355 shares in the last quarter. Finward Bancorp acquired a new stake in Finward Bancorp in the fourth quarter valued at approximately $4,175,000. Alliancebernstein L.P. increased its holdings 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 valued at $9,696,000 after acquiring an additional 33,036 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Finward Bancorp in the 4th quarter valued at $221,000. Finally, Northern Trust Corp increased its stake in Finward Bancorp by 37.5% during 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 in the last quarter. 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.