Commonwealth Equity Services LLC Acquires New Stake in Finward Bancorp (NASDAQ:FNWD)

Commonwealth Equity Services LLC bought a new position in shares of Finward Bancorp (NASDAQ:FNWD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 7,864 shares of the company’s stock, valued at approximately $221,000.

Separately, PL Capital Advisors LLC raised its position in shares of Finward Bancorp by 0.3% during the fourth quarter. PL Capital Advisors LLC now owns 355,716 shares of the company’s stock worth $9,999,000 after acquiring an additional 894 shares during the last quarter. 26.59% of the stock is currently owned by hedge funds and other institutional investors.

Finward Bancorp Trading Up 2.8 %

NASDAQ:FNWD opened at $29.40 on Thursday. Finward Bancorp has a 52 week low of $23.50 and a 52 week high of $33.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.86 and a current ratio of 0.86. The firm’s fifty day moving average is $27.84 and its 200-day moving average is $29.31. The firm has a market cap of $127.16 million, a P/E ratio of 10.39 and a beta of 0.28.

Finward Bancorp (NASDAQ:FNWD) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.49 EPS for the quarter, beating 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%. Equities analysts expect that Finward Bancorp will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Hovde Group cut Finward Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, March 17th.

Insider Activity at Finward Bancorp

In related news, Director Carolyn M. Burke acquired 1,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was bought at an average price of $26.80 per share, for a total transaction of $26,800.00. Following the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at $26,800. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Youman bought 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $27.76 per share, for a total transaction of $38,864.00. Following the completion of the purchase, the director now owns 22,773 shares of the company’s stock, valued at $632,178.48. This represents a 6.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 6,472 shares of company stock worth $174,563 in the last 90 days. Corporate insiders own 5.17% 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.