Martin P. Alwin Buys 911 Shares of Finward Bancorp (NASDAQ:FNWD) Stock

Finward Bancorp (NASDAQ:FNWD) Director Martin P. Alwin purchased 911 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $26.71 per share, with a total value of $24,332.81. Following the acquisition, the director now directly owns 1,911 shares of the company’s stock, valued at $51,042.81. This trade represents a 91.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Finward Bancorp Stock Performance

Shares of NASDAQ:FNWD opened at $26.99 on Monday. The company has a market capitalization of $116.43 million, a price-to-earnings ratio of 9.54 and a beta of 0.54. Finward Bancorp has a 52 week low of $22.90 and a 52 week high of $33.50. 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 firm has a 50 day moving average of $27.26 and a 200 day moving average of $29.19.

Finward Bancorp (NASDAQ:FNWD) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Finward Bancorp will post 0.9 earnings per share for the current fiscal year.

Finward Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Tuesday, January 21st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, January 21st. Finward Bancorp’s dividend payout ratio (DPR) is 16.96%.

Hedge Funds Weigh In On Finward Bancorp

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC bought a new position in Finward Bancorp in the fourth quarter worth approximately $221,000. Northern Trust Corp increased 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 purchasing an additional 4,098 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Finward Bancorp by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,641 shares of the company’s stock worth $496,000 after purchasing an additional 1,393 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Finward Bancorp by 7.9% during 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 in the last quarter. Finally, Finward Bancorp acquired a new position in shares of Finward Bancorp during the fourth quarter worth $4,175,000. Institutional investors own 26.59% of the company’s stock.

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.