Northern Trust Corp Grows Position in Finward Bancorp (NASDAQ:FNWD)

Northern Trust Corp lifted its position in Finward Bancorp (NASDAQ:FNWD – Free Report) by 37.5% in the fourth quarter, HoldingsChannel reports. The firm owned 15,021 shares of the company’s stock after buying an additional 4,098 shares during the period. Northern Trust Corp’s holdings in Finward Bancorp were worth $422,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new position in Finward Bancorp during the fourth quarter worth about $221,000. Dimensional Fund Advisors LP lifted 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. Finward Bancorp acquired a new stake in Finward Bancorp in the fourth quarter valued at approximately $4,175,000. Alliancebernstein L.P. raised its holdings in Finward Bancorp by 10.6% in the fourth quarter. Alliancebernstein L.P. now owns 344,926 shares of the company’s stock valued at $9,696,000 after acquiring an additional 33,036 shares in the last quarter. Finally, PL Capital Advisors LLC raised its holdings in Finward Bancorp by 0.3% in the fourth quarter. PL Capital Advisors LLC now owns 355,716 shares of the company’s stock valued at $9,999,000 after acquiring an additional 894 shares in the last quarter. Hedge funds and other institutional investors own 26.59% of the company’s stock.

Finward Bancorp Stock Performance

NASDAQ:FNWD opened at $29.71 on Friday. Finward Bancorp has a 1-year low of $23.50 and a 1-year high of $33.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s fifty day moving average price is $29.90 and its 200 day moving average price is $28.99. The firm has a market cap of $128.53 million, a price-to-earnings ratio of 10.50 and a beta of 0.29.

Finward Bancorp (NASDAQ:FNWD – Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Finward Bancorp had a return on equity of 7.91% and a net margin of 10.85%. The company had revenue of $15.54 million during the quarter, compared to the consensus estimate of $16.25 million. On average, sell-side analysts expect that Finward Bancorp will post 0.9 EPS for the current year.

Finward Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, April 28th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Monday, April 28th. Finward Bancorp’s dividend payout ratio (DPR) is presently 62.34%.

Analyst Ratings Changes

FNWD has been the topic of a number of research analyst reports. Hovde Group cut shares of Finward Bancorp from an “outperform” rating to a “market perform” rating in a report on Monday, March 17th. Stephens raised their target price on shares of Finward Bancorp from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd.

Check Out Our Latest Research Report on Finward Bancorp

Insider Transactions at Finward Bancorp

In other news, Director Robert W. Youman bought 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $27.76 per share, with a total value of $38,864.00. Following the purchase, the director now owns 22,773 shares of the company’s stock, valued at $632,178.48. This trade represents a 6.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought 1,911 shares of company stock valued at $53,380 in the last 90 days. 13.07% of the stock is currently owned by insiders.

Finward Bancorp Company Profile

(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.