Latest news with #Indiana-headquartered
Yahoo
04-04-2025
- Business
- Yahoo
Finward Bancorp (FNWD): Insider Were Buying In Q1 2025
We recently published a list of . In this article, we are going to take a look at where Finward Bancorp (NASDAQ:FNWD) stands against other micro-cap stocks insiders were buying in Q1 2025. The White House announced Tuesday that Trump's tariffs would take effect immediately after being unveiled on Wednesday. In anticipation of these 'reciprocal tariffs,' which will apply to all countries, the stock market reacted. By Tuesday morning, the broader market index and Nasdaq Composite dropped by about 0.2%, while blue-chip companies lost 0.06%. Amid ongoing market uncertainty, insider trading often comes under the spotlight. Executive stock purchases can signal optimism, but sales may reflect personal financial decisions or a need to diversify investments. To maintain transparency, executives typically follow pre-arranged strategies, like 10b5-1 plans. While insider trading can offer valuable information, it's important to evaluate it in the broader context of the company's financial stability and current market trends. Today, we're focusing on stocks with micro market capitalizations that have seen significant insider buying in the first quarter of the year. Using Insider Monkey's insider trading screener, we identified companies with market caps under $250 million where at least three insiders purchased shares in the past three months. From this list, we ranked the top 10 stocks with the highest number of insiders making purchases. Stocks that have been recently covered were excluded from our analysis. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). With each stock, we note the number of insiders who acquired shares in the first quarter and market capitalizations. A businessman standing in front of the skyline of a major urban city. Number of insiders buying: 5 Market Capitalization: $125.58 million Finward Bancorp is the holding company for Peoples Bank, offering a wide range of banking products, including deposit accounts, residential and commercial loans, and wealth management services. The Munster, Indiana-headquartered company also provides estate planning, insurance, and investment services, and operates as a real estate investment trust. Finward Bancorp changed its name from NorthWest Indiana Bancorp in 2021. In February and March, five insiders, including the president and CEO, bought around $254,571 worth of Finward shares at an average price of $27.13 per share. Year-to-date, the stock is up 3.56%, trading at $29.11 per share. Over the past 12 months, Finward shares returned 18.43% to its investors. For the full year 2024, Finward reported net income attributable to common stockholders of $12.1 million, or $2.84 per diluted share, compared to $8.4 million or $1.96 per diluted share in 2023. The net interest margin was 2.54%, compared to 2.83% for 2023. As of December 31, 2024, deposits totaled $1.8 billion, an increase of $11.8 million or 0.7%, compared to September 30, 2024. According to TipRanks, one Wall Street analyst rates Finward Bancorp stock as 'Hold' with a price target of $35.00 per share. The average price target suggests a 20.23% potential upside from the latest price. Overall, FNWD ranks 7th on our list of micro-cap stocks insiders were buying in Q1 2025. While we acknowledge the potential of FNWD our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FNWD but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
Health system to acquire Ascension hospitals in Southwest Michigan
GRAND RAPIDS, Mich. (WOOD) — An Indiana-headquartered health system is set to acquire four hospitals and dozens of clinics in Southwest Michigan, it announced Thursday. Beacon Health System, headquartered in South Bend, says it has signed a definitive agreement to acquire Ascension Michigan's southwest region. The transaction is expected to close by summertime, according to Beacon. The health system says it will take ownership of four hospitals — Ascension Borgess Hospital in Kalamazoo, Ascension Borgess Allegan Hospital, Ascension Borgess – Lee Hospital in Dowagiac and Ascension Borgess – Pipp Hospital in Plainwell — as well as an ambulatory surgery center and 35 outpatient clinics. 'We look forward to welcoming our new colleagues to our team at Beacon,' Kreg Gruber, CEO of Beacon Health System, said in a video release. 'As part of Beacon, they will join a strong, locally owned and governed organization with the resources to take quality care to the next level.' The hospitals and offices will operate under the Beacon brand, the health system said. According to Gruber, Beacon intends to expand service lines and make infrastructure improvements. 'As we make the transition, we will work with the Ascension team to prevent any significant disruptions to patient care and community services,' he said. According to , clinicians and associates in Southwest Michigan will have the opportunity to continue employment with Beacon 'provided they follow Beacon's hiring process and meet the legal requirements to work.' Beacon in 2021 acquired Three Rivers Health. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
16-02-2025
- Business
- Yahoo
Santa Fe County hopes to work with city on south-side housing development
As an affordable housing crisis persists in the region, Santa Fe County continues to work toward getting funding to build a high-profile residential development designed to create 159 affordable units within the city limits. Nueva Acequia is a public-private partnership on land owned by Santa Fe County on 0 Camino de Jacobo, just off of Airport Road. Provided the necessary funding is secured, construction is anticipated to start next year with a potential completion date of February 2028. This week, county commissioners gave County Manager Gregory Shaffer the green light to seek up to $3 million in funding for the project from the city of Santa Fe's Affordable Housing Trust Fund. A big undertaking for the county, Nueva Acequia would mark the first "100% affordable" multifamily housing project developed by the local government. "Santa Fe County is suffering from an affordable housing crisis," Shaffer said in an emailed statement, noting "Nueva Acequia is unique and innovative for many reasons." The project would include 53 units dedicated to seniors and 106 units for families, all of which would be devoted to households earning 30% to 80% of the area median income, according to an email from county spokesperson Olivia Romo. "Santa Fe County is being proactive about addressing a segment of affordable housing that sometimes doesn't necessarily get delivered to the marketplace," said District 1 Commissioner Justin Greene. "We have an opportunity to use tools and some financing mechanisms that can focus a project that targets more than one specific segment of the community that needs deeply affordable housing," Greene added. Full funding and a final development agreement between the county and TWG Development, LLC — an Indiana-headquartered real estate development company — are pending. The project will cost approximately $53.5 million. The county is applying for multiple funding sources, including tax credit financing and city, state, and federal grants and loans, and is working with TWG Development and the development team to prepare and submit financing applications, according to a county memorandum. In November 2018, Santa Fe County acquired approximately 6.6 acres of developable land on Camino de Jacobo for the purpose of developing a multifamily affordable housing project, according to a county memorandum on the matter. The county issued a request for proposal in November 2023 and selected TWG as the development partner. The project team is still developing the funding portfolio needed to build the project and a contractor has not yet been hired, Romo wrote in the email. Once built, the county envisions working with a qualified management company to operate the facilities and services. "During a time when the lack of affordable housing and the cost of homes in Santa Fe is at [a] record high, this project aims to provide much needed 100% affordable housing for the community through an innovative public-private partnership with a national affordable housing developer, TWG," Romo wrote. An affordable housing plan adopted by the county in 2023 references a 'wide-ranging and multi-faceted housing crisis contributing to economic and social uncertainty due to housing-price escalations, a lack of housing supply, restrictive housing policies, and a lack of supportive programs.' The plan says the median income of county residents rose 16% between 2016 and 2021 while average rental rates shot up 58% and average single-family home prices increased 61%. "The County's 2023 Affordable Housing Plan reflects the need for approximately 6,232 affordable housing rental units," Shaffer said in his statement. "That is why the Board of County Commissioners has prioritized investment in affordable housing, and why the County has partnered with developers to hopefully bring 771 units of affordable rental housing online."
