PL Capital Advisors Files 13D on Finward Bancorp
Ticker: FNWD · Form: SC 13D · Filed: Mar 21, 2024 · CIK: 919864
| Field | Detail |
|---|---|
| Company | Finward Bancorp (FNWD) |
| Form Type | SC 13D |
| Filed Date | Mar 21, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $9,249,638, $9,245,963, $3,675 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, ownership-stake, financial-institution
Related Tickers: FNWD
TL;DR
**PL Capital Advisors now owns a significant stake in Finward Bancorp, signaling potential changes.**
AI Summary
PL Capital Advisors, LLC, through its principal John W. Palmer, has filed a Schedule 13D on March 21, 2024, indicating beneficial ownership of Finward Bancorp. The filing details their holdings and intentions regarding the company's securities.
Why It Matters
This filing signals a significant stakeholder's interest and potential influence over Finward Bancorp's strategic direction and corporate governance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns or significant strategic shifts, introducing uncertainty for existing investors.
Key Players & Entities
- PL Capital Advisors, LLC (company) — Filing entity
- John W. Palmer (person) — Principal of PL Capital Advisors, LLC
- Finward Bancorp (company) — Subject company
- Phillip M. Goldberg (person) — Legal counsel for PL Capital Advisors, LLC
- Foley & Lardner LLP (company) — Law firm representing PL Capital Advisors, LLC
FAQ
What is the total percentage of Finward Bancorp's common stock beneficially owned by PL Capital Advisors, LLC?
The filing does not explicitly state the total percentage of ownership in the provided text, but it is a Schedule 13D filing, indicating a significant stake.
When was this Schedule 13D filing submitted to the SEC?
The filing was submitted on March 21, 2024.
Who is the principal individual associated with PL Capital Advisors, LLC for this filing?
Mr. John W. Palmer is the principal individual associated with PL Capital Advisors, LLC for this filing.
What is the business address of Finward Bancorp?
Finward Bancorp's business address is 9204 Columbia Ave, Munster, IN 46321.
What is the CUSIP number for Finward Bancorp's common stock?
The CUSIP number for Finward Bancorp's common stock is 31812F109.
Filing Stats: 1,976 words · 8 min read · ~7 pages · Grade level 10.6 · Accepted 2024-03-21 17:15:37
Key Financial Figures
- $9,249,638 — ompany acquired at an aggregate cost of $9,249,638. PL Capital Advisors holds 354,822 shar
- $9,245,963 — lf of the Clients acquired at a cost of $9,245,963. Mr. Lashley, Mr. Palmer and PL Capital
- $3,675 — s of Common Stock acquired at a cost of $3,675. From time to time, the Reporting Pers
Filing Documents
- plcapitalfinward13d31824.htm (SC 13D) — 82KB
- plcapitaljointfilingagree.htm (EX-99.1) — 6KB
- 0000897069-24-000736.txt ( ) — 90KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: March 21, 2024 PL CAPITAL ADVISORS, LLC By: /s/ John W. Palmer John W. Palmer Managing Member /s/ Richard J. Lashley Richard J. Lashley Managing Member By: /s/ John W. Palmer John W. Palmer By: /s/ Richard J. Lashley Richard J. Lashley