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Carolyn M. Burke, a director at Finward Bancorp (NASDAQ:FNWD), recently acquired 1,000 shares of the company’s common stock. The purchase, valued at approximately $26,800, was executed on February 3, 2025, at a price of $26.80 per share. According to InvestingPro analysis, the stock is currently trading at a P/E ratio of 9.36, suggesting a relatively modest valuation compared to its earnings. Following this transaction, Burke holds a total of 1,000 shares directly. Finward Bancorp, headquartered in Munster, Indiana, operates in the federally chartered savings institution sector. The company, with a market capitalization of $113.49 million, has maintained dividend payments for 28 consecutive years, currently offering a 1.82% yield. InvestingPro subscribers can access 8 additional valuable insights about FNWD’s financial health and growth prospects.
In other recent news, Finward Bancorp recently announced the promotion of Benjamin L. Schmitt to the position of Executive Vice President, Chief Financial Officer, and Treasurer. The promotion, which came into effect in late November, was accompanied by a one-time cash bonus of $23,900. Schmitt, who joined Finward Bancorp in 2024, previously held the position of Senior Vice President, Chief Financial Officer, and Treasurer.
Schmitt’s promotion does not bring any changes to his existing compensation arrangements, excluding the one-time bonus. Prior to his tenure at Finward Bancorp, Schmitt served as President of Rally Consulting LLC and as Managing Director at Piper Sandler Companies. His career began at Mercer (NASDAQ:MERC) Investment Consulting, and he holds a degree in Finance from the University of Iowa Tippie College of Business.
The recent developments at Finward Bancorp highlight the company’s strategy of utilizing experienced talent to steer its financial strategies. There were no other contractual agreements associated with Schmitt’s promotion mentioned in the recent SEC filing.
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