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Carolyn M. Burke, a director at Finward Bancorp (NASDAQ:FNWD), recently acquired additional shares of the company. The small-cap banking institution, currently valued at $113.5 million, trades at an attractive P/E ratio of 9.4x. According to InvestingPro analysis, the stock is currently trading near its Fair Value. According to a recent SEC filing, Burke purchased 500 shares of Finward Bancorp at a price of $26.85 per share, totaling approximately $13,425. This transaction increases her total holdings to 1,500 shares. Burke’s acquisition reflects her continued confidence in the financial institution, which is based in Munster, Indiana. The company boasts a 28-year track record of consistent dividend payments, currently yielding 1.82%. InvestingPro subscribers have access to 6 additional key insights about FNWD, including detailed insider trading analysis and valuation metrics.
In other recent news, Finward Bancorp has announced the elevation of Benjamin L. Schmitt to the position of Executive Vice President, Chief Financial Officer, and Treasurer. This promotion, effective November 22, 2024, signifies a noteworthy development in the company’s leadership. Schmitt, who joined Finward Bancorp in February 2024, will retain his existing compensation arrangements, with an added one-time cash bonus of $23,900.
Before joining Finward Bancorp, Schmitt held prestigious roles, such as President of Rally Consulting LLC and Managing Director at Piper Sandler Companies, where he advised on capital raising and strategic advisory assignments. This recent development underscores Finward Bancorp’s commitment to leveraging experienced talent to steer its financial strategies. No other contractual agreements associated with Schmitt’s promotion were indicated in the recent SEC filing.
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