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

Finward Bancorp (NASDAQ:FNWD) CFO Benjamin Louis Schmitt acquired 500 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $31.13 per share, for a total transaction of $15,565.00. Following the purchase, the chief financial officer now directly owns 3,490 shares of the company’s stock, 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 is available through this link.

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

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

Finward Bancorp Trading Up 1.2 %

Shares of Finward Bancorp stock opened at $31.15 on Friday. Finward Bancorp has a 1-year low of $22.50 and a 1-year high of $33.50. The company’s fifty day simple moving average is $31.23 and its 200-day simple moving average is $28.47. The stock has a market capitalization of $134.38 million, a PE ratio of 11.58 and a beta of 0.52. 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 (NASDAQ:FNWD) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $14.87 million during the quarter. Finward Bancorp had a return on equity of 7.60% and a net margin of 10.44%. As a group, equities analysts anticipate that Finward Bancorp will post 0.08 earnings per share for the current year.

Finward Bancorp Announces Dividend

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

Institutional Trading of Finward Bancorp

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

Analysts Set New Price Targets

Separately, Hovde Group upgraded Finward Bancorp from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note 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.