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Benjamin J. Bochnowski, the President and CEO of Finward Bancorp (NASDAQ:FNWD), a $115 million market cap financial institution trading at an attractive P/E ratio of 9.4, recently acquired additional shares of the company, according to a recent SEC filing. InvestingPro analysis suggests the stock is currently trading near its Fair Value. Bochnowski purchased 8.1153 shares of common stock at a price of $27.02 per share, with a total transaction value of $219. This acquisition is part of a profit-sharing arrangement, and following the transaction, Bochnowski now holds 1,835.7197 shares indirectly. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, which is a standard document used to report changes in ownership. Notably, Finward Bancorp has maintained dividend payments for 28 consecutive years, currently offering a 1.79% yield. InvestingPro subscribers can access additional insights, including 7 more key tips about FNWD’s financial health and growth prospects.
In other recent news, Finward Bancorp has announced the promotion of Benjamin L. Schmitt to the position of Executive Vice President, Chief Financial Officer, and Treasurer. This development comes after Schmitt’s tenure as Senior Vice President, Chief Financial Officer, and Treasurer within the company. The new role, effective since late November, includes a one-time cash bonus of $23,900, with no other changes to Schmitt’s existing compensation arrangements.
Before joining Finward Bancorp, Schmitt held significant roles such as President of Rally Consulting LLC and Managing Director at Piper Sandler Companies, demonstrating his extensive experience in the financial services sector. The company’s recent leadership change highlights its strategy of leveraging seasoned talent to drive its financial operations. No additional contractual agreements associated with Schmitt’s promotion were mentioned in the recent SEC filing. This information is based on the latest press release statement from Finward Bancorp.
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