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

Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt acquired 500 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $31.13 per share, with a total value of $15,565.00. Following the transaction, the chief financial officer now owns 3,490 shares in the company, valued at $108,643.70. This represents a 16.72 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, October 31st, Benjamin Louis Schmitt bought 10 shares of Finward Bancorp stock. The stock was acquired at an average cost of $31.28 per share, with a total value of $312.80.

Finward Bancorp Stock Up 1.2 %

FNWD traded up $0.38 during trading on Friday, reaching $31.15. The company had a trading volume of 1,147 shares, compared to its average volume of 5,768. The business’s fifty day moving average price is $31.24 and its 200 day moving average price is $28.42. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. Finward Bancorp has a 12 month low of $22.50 and a 12 month high of $33.50. The company has a market cap of $134.38 million, a P/E ratio of 11.58 and a beta of 0.52.

Finward Bancorp (NASDAQ:FNWD) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $14.87 million during the quarter. Finward Bancorp had a net margin of 10.44% and a return on equity of 7.60%. Equities analysts anticipate that Finward Bancorp will post 0.08 EPS for the current year.

Finward Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, October 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. Finward Bancorp’s payout ratio is presently 17.84%.

Institutional Investors Weigh In On Finward Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP acquired a new position in Finward Bancorp during the 2nd quarter worth approximately $329,000. Vanguard Group Inc. boosted its holdings in Finward Bancorp by 3.4% during the first quarter. Vanguard Group Inc. now owns 159,750 shares of the company’s stock worth $3,930,000 after purchasing an additional 5,206 shares during the last quarter. Finally, Geode Capital Management LLC grew 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 valued at $1,237,000 after purchasing an additional 2,825 shares in the last quarter. Institutional investors and hedge funds own 26.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group upgraded Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Friday, September 6th.

About Finward Bancorp

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.