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Benjamin Louis Schmitt, the Chief Financial Officer of Finward Bancorp (NASDAQ:FNWD), recently purchased shares valued at approximately $298. The $115 million market cap financial institution currently trades at an attractive P/E ratio of 9.4x and offers a 1.8% dividend yield, having maintained consistent dividend payments for 28 consecutive years. According to the SEC filing, Schmitt acquired 11.026 shares of the company’s common stock at a price of $27.099 per share. Following this transaction, Schmitt’s total direct ownership stands at 3,500.9137 shares. This move reflects Schmitt’s continued investment in the financial institution, which is based in Munster, Indiana. Based on InvestingPro analysis, the stock appears slightly overvalued at current levels, with additional insights and financial health metrics available to subscribers.
In other recent news, Finward Bancorp has announced the promotion of Benjamin L. Schmitt to Executive Vice President, Chief Financial Officer, and Treasurer. Schmitt, who joined the bank in February 2024, was previously serving as Senior Vice President, Chief Financial Officer, and Treasurer. His promotion, effective November 22, 2024, comes with a one-time cash bonus of $23,900, but does not alter his existing compensation arrangements. Schmitt’s career includes roles at Rally Consulting LLC and Piper Sandler Companies, and he holds a Bachelor of Business Administration degree in Finance with Honors from the University of Iowa Tippie College of Business. These recent developments underscore Finward Bancorp’s commitment to leveraging experienced talent to guide its financial strategies. No other contractual agreements associated with Schmitt’s promotion were indicated in the announcement. This information is based on a press release statement from Finward Bancorp’s recent SEC filing.
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