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Carolyn M. Burke, a director at Finward Bancorp (NASDAQ:FNWD), recently purchased 800 shares of the company’s common stock. The transaction, dated February 7, 2025, was executed at a price of $26.50 per share, amounting to a total value of $21,200. The purchase price sits between the stock’s 52-week range of $22.82 to $33.50, with InvestingPro analysis indicating the stock is currently oversold. This acquisition brings Burke’s total holdings to 2,300 shares. The purchase was reported in a filing with the Securities and Exchange Commission. The small-cap bank, valued at $113.5 million, trades at an attractive P/E ratio of 9.4x and maintains a 1.82% dividend yield, having sustained dividend payments for 28 consecutive years. InvestingPro subscribers can access additional analysis tips and detailed financial metrics.
In other recent news, Finward Bancorp has advanced Benjamin L. Schmitt to the role of Executive Vice President, Chief Financial Officer, and Treasurer. This promotion, effective since November 22, 2024, was announced via a recent SEC filing. Schmitt, who joined Finward Bancorp in February 2024, will continue his previous compensation arrangements, with the addition of a one-time cash bonus of $23,900.
Prior to his service at Finward Bancorp, Schmitt held significant positions at Rally Consulting LLC and Piper Sandler Companies, showcasing his extensive experience in the financial sector. Notably, there were no other contractual agreements mentioned in relation to Schmitt’s promotion.
These recent developments at Finward Bancorp emphasize the company’s dedication to utilizing experienced personnel to steer its financial strategies. The information is based on recent statements from Finward Bancorp’s SEC filing.
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