Finward Bancorp executive vice president buys $1,376 in stock

MUNSTER, Ind.—Todd M. Scheub, Executive Vice President of Finward Bancorp (NASDAQ:FNWD), a $115 million market cap regional bank, recently acquired shares in the company, according to a recent SEC filing. On February 3, Mr. Scheub purchased 50.9358 shares of common stock at a price of $27.02 per share, amounting to a total value of approximately $1,376. This transaction increased his total holdings to 11,521.8434 shares, held indirectly through a profit-sharing plan. The purchase comes as Finward 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. InvestingPro analysis reveals 8 additional key insights about Finward’s financial health and valuation metrics.

In other recent news, Finward Bancorp has elevated Benjamin L. Schmitt to the position of Executive Vice President, Chief Financial Officer, and Treasurer. This development was confirmed in a recent Securities and Exchange Commission (SEC) filing by the company. Schmitt, who initially joined the company in February 2024, was formerly the Senior Vice President, Chief Financial Officer, and Treasurer.

The promotion, effective from November 22, 2024, includes a one-time cash bonus of $23,900, while Schmitt’s existing compensation arrangements remain unchanged, barring the bonus. Before his stint at Finward Bancorp, Schmitt held the position of President at Rally Consulting LLC, advising commercial and community banking clients on strategic initiatives.

Interestingly, Schmitt also served as a Managing Director at Piper Sandler Companies, where he provided guidance on capital raising and strategic advisory assignments. He commenced his career as an investment analyst at Mercer (NASDAQ:MERC) Investment Consulting. These recent developments highlight Finward Bancorp’s commitment to capitalizing on experienced professionals to steer its financial strategies.

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