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Robert T. Lowry, Executive Vice President of Finward Bancorp (NASDAQ:FNWD), recently purchased 66.2147 shares of the company’s common stock. The shares were acquired at a price of $27.02 each, amounting to a total investment of $1,789. The purchase comes as the $115 million market cap company trades at an attractive P/E ratio of 9.4x and offers a 1.8% dividend yield, having maintained dividend payments for 28 consecutive years. This transaction was reported in a recent SEC filing, reflecting Lowry’s continued investment in the company. Following this transaction, Lowry holds various shares in different capacities, including direct ownership and through an IRA. InvestingPro analysis reveals additional insights about Finward Bancorp’s valuation and growth prospects, with 8 more exclusive ProTips available to subscribers.
In other recent news, Finward Bancorp has announced the promotion of Benjamin L. Schmitt to the position of Executive Vice President, Chief Financial Officer, and Treasurer. The promotion, which includes a one-time cash bonus of $23,900, became effective in November of this year. Schmitt’s new role does not alter his current compensation arrangements, excluding the bonus.
Before his promotion, Schmitt served as Senior Vice President, Chief Financial Officer, and Treasurer at Finward Bancorp, having joined the firm in February 2024. His prior experience includes a role as President at Rally Consulting LLC and Managing Director at Piper Sandler Companies.
The recent promotion of Schmitt underscores Finward Bancorp’s commitment to utilizing experienced talent to steer its financial strategies. No other contractual agreements associated with Schmitt’s promotion were indicated in the company’s recent SEC filing.
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