Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt Buys 400 Shares

Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt purchased 400 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $27.82 per share, for a total transaction of $11,128.00. Following the completion of the acquisition, the chief financial officer now directly owns 5,077 shares of the company’s stock, valued at $141,242.14. This represents a 8.55 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Benjamin Louis Schmitt also recently made the following trade(s):

• On Friday, February 28th, Benjamin Louis Schmitt purchased 500 shares of Finward Bancorp stock. The shares were purchased at an average cost of $26.56 per share, for a total transaction of $13,280.00.
• On Friday, December 13th, Benjamin Louis Schmitt purchased 500 shares of Finward Bancorp stock. The shares were purchased at an average cost of $31.13 per share, for a total transaction of $15,565.00.

Finward Bancorp Stock Performance

Shares of NASDAQ FNWD opened at $29.31 on Thursday. The company’s fifty day moving average price is $27.03 and its 200 day moving average price is $29.20. Finward Bancorp has a 1 year low of $23.50 and a 1 year high of $33.50. The company has a market capitalization of $126.44 million, a PE ratio of 10.36 and a beta of 0.53. 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 (NASDAQ:FNWD) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.31. Finward Bancorp had a net margin of 10.85% and a return on equity of 7.91%. On average, research analysts predict that Finward Bancorp will post 0.9 earnings per share for the current year.

Finward Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Tuesday, January 21st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.64%. The ex-dividend date was Tuesday, January 21st. Finward Bancorp’s payout ratio is 16.96%.

Hedge Funds Weigh In On Finward Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC purchased a new position in Finward Bancorp during the fourth quarter valued at $221,000. Northern Trust Corp raised its position in shares of Finward Bancorp by 37.5% in the fourth quarter. Northern Trust Corp now owns 15,021 shares of the company’s stock valued at $422,000 after buying an additional 4,098 shares during the last quarter. Dimensional Fund Advisors LP raised 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 buying an additional 1,393 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Finward Bancorp by 7.9% in the third quarter. Geode Capital Management LLC now owns 38,662 shares of the company’s stock valued at $1,237,000 after buying an additional 2,825 shares during the last quarter. Finally, Finward Bancorp acquired a new stake in shares of Finward Bancorp in the fourth quarter valued at about $4,175,000. 26.59% of the stock is owned by hedge funds and other institutional investors.

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.