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Benjamin Louis Schmitt, the Chief Financial Officer of Finward Bancorp (NASDAQ:FNWD), recently acquired additional shares of the company’s stock. According to a recent SEC filing, Schmitt purchased 500 shares of common stock on February 28, 2025, at an average price of $26.556 per share, resulting in a total transaction value of $13,278. The purchase comes as the $115 million market cap company trades at an attractive 9.4x earnings, with analysts setting price targets between $31-32, suggesting meaningful upside potential. InvestingPro analysis reveals the company has maintained dividend payments for 28 consecutive years, currently yielding 1.8%.
Earlier in the reporting period, on February 14, Schmitt acquired 176 shares at a price of $26.65 each, with a total value of $4,690. Following these transactions, Schmitt’s direct ownership in the company increased to approximately 4,677 shares. The insider buying activity occurs as the stock trades above its 52-week low of $22.90 but well below its high of $33.50. InvestingPro subscribers have access to 6 additional key insights about Finward Bancorp’s financial health and growth prospects.
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