Finward Bancorp (NASDAQ:FNWD - Get Free Report) CFO Benjamin Louis Schmitt acquired 500 shares of the firm's stock in a transaction on Friday, December 13th. The shares were bought at an average price of $31.13 per share, for a total transaction of $15,565.00. Following the completion of the transaction, the chief financial officer now owns 3,490 shares of the company's stock, valued at approximately $108,643.70. This trade represents a 16.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
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 shares were bought at an average cost of $31.28 per share, for a total transaction of $312.80.
Finward Bancorp Stock Performance
Shares of NASDAQ:FNWD opened at $31.15 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.53. Finward Bancorp has a 12 month low of $22.50 and a 12 month high of $33.50. The company has a market capitalization of $134.38 million, a price-to-earnings ratio of 11.58 and a beta of 0.52. The firm's 50-day moving average is $31.23 and its 200 day moving average is $28.47.
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Finward Bancorp (NASDAQ:FNWD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.04). The company had revenue of $14.87 million for the quarter. Finward Bancorp had a return on equity of 7.60% and a net margin of 10.44%. Research analysts predict that Finward Bancorp will post 0.08 EPS for the current year.
Finward Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, October 18th. Finward Bancorp's dividend payout ratio is 17.84%.
Hedge Funds Weigh In On Finward Bancorp
A number of hedge funds and other institutional investors have recently made changes to their positions in FNWD. Vanguard Group Inc. lifted its stake in Finward Bancorp by 3.4% in the first quarter. Vanguard Group Inc. now owns 159,750 shares of the company's stock worth $3,930,000 after acquiring an additional 5,206 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Finward Bancorp in the 2nd quarter valued at about $329,000. Finally, Geode Capital Management LLC lifted its position in shares of Finward Bancorp by 7.9% in the 3rd 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 during the period. Institutional investors own 26.59% of the company's stock.
Analysts Set New Price Targets
Separately, Hovde Group raised shares of Finward Bancorp from a "market perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Friday, September 6th.
Check Out Our Latest Stock Analysis on Finward Bancorp
Finward Bancorp Company Profile
(
Get Free Report)
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.
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