Finward Bancorp FNWD
- Market cap
- $183.1M
- P/E
- 18.9×
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Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28.30 | 38.40 | 39.28 | 40.25 | 28.01 | 36.10 | 30.06 | 17.29 | 22.82 | 26.12 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 39.87 | 44.50 | 46.59 | 46.00 | 46.20 | 50.00 | 49.70 | 37.80 | 33.50 | 39.99 |
High Price
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| 216 | 217 | 249 | 290 | 263 | 280 | 326 | 304 | 313 | 318 |
Employees
|
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
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| 40 | 41 | 49 | 63 | 70 | 67 | 84 | 97 | 112 | 101 |
Revenue
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| 94.14% | 93.69% | 89.51% | 85.55% | 91.77% | 96.88% | 94.15% | 67.65% | 63.58% | 65.35% |
Gross Margin
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| 12 | 12 | 11 | 14 | 19 | 16 | 17 | 8 | 13 | 8 |
EBT
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| 29.22% | 28.78% | 22.18% | 22.02% | 26.81% | 24.59% | 19.82% | 8.33% | 12.03% | 8.02% |
EBT Margin
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| 9 | 9 | 9 | 12 | 16 | 15 | 15 | 8 | 12 | 8 |
Net Income
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| 3 | 3 | 3 | 2 | 3 | 5 | 6 | 7 | 7 | 6 |
Depreciation
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| 14.00 | 14.35 | 16.46 | 18.37 | 20.15 | 19.15 | 20.01 | 22.59 | 26.25 | 23.66 |
Revenue/Sh
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| 3.20 | 3.13 | 3.17 | 3.53 | 4.80 | 4.30 | 3.61 | 1.96 | 2.85 | 1.89 |
Earnings/Sh
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| 3.63 | 4.29 | 3.57 | 3.20 | 5.70 | 4.90 | 4.25 | 5.67 | 2.30 | 2.32 |
Cash Flow/Sh
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| (0.60) | (0.58) | (0.34) | (0.82) | (1.08) | (0.90) | (0.30) | (0.08) | 3.43 | (0.01) |
Capex/Sh
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| 3.04 | 3.72 | 3.23 | 2.38 | 4.62 | 4.00 | 3.95 | 5.58 | 5.73 | 2.31 |
Free CF/Sh
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| 29.42 | 32.15 | 34.40 | 39.15 | 43.82 | 45.04 | 32.66 | 34.48 | 35.55 | 40.89 |
Book Value/Sh
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| 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 |
Shares
|
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| 14.09 | 14.09 | 13.56 | 13.00 | 7.52 | 10.50 | 10.14 | 12.74 | 9.90 | 18.62 |
PE Ratio
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| 0.00 | 3.07 | 2.61 | 2.50 | 1.79 | 2.40 | 1.81 | 1.11 | 1.07 | 1.49 |
PS Ratio
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| 0.00 | 1.37 | 1.25 | 1.17 | 0.82 | 1.02 | 1.11 | 0.73 | 0.79 | 0.86 |
PB Ratio
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| 0.00 | 3.27 | 3.10 | 1.94 | 1.57 | 1.96 | 2.84 | 1.05 | 1.02 | 0.75 |
EV/Sales
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| (0.61) | 12.64 | 15.81 | 14.93 | 6.83 | 9.40 | 14.39 | 4.24 | 4.68 | 7.67 |
EV/FCF
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| 10 | 12 | 11 | 11 | 20 | 17 | 18 | 24 | 10 | 10 |
Op' Cash Flow
|
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| (2) | (2) | (1) | (3) | (4) | (3) | (1) | 0 | 15 | 0 |
Capex
|
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| 9 | 11 | 10 | 8 | 16 | 14 | 16 | 24 | 24 | 10 |
FCF
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| (177) | (184) | (170) | (223) | (348) | (465) | (271) | (293) | (273) | (240) |
Working Cap'
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| 26 | 21 | 43 | 14 | 6 | — | 120 | 80 | 65 | 45 |
Total Debt
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| (19) | 8 | 24 | (35) | (16) | (35) | 86 | (6) | (6) | (75) |
Net Debt
|
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| 84 | 92 | 101 | 134 | 152 | 157 | 136 | 147 | 151 | 175 |
Sh' Equity
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| 1.03% | 0.97% | 0.92% | 1.00% | 1.13% | 0.96% | 0.82% | 0.40% | 0.58% | 0.40% |
ROA
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| 11.27% | 7.38% | 5.37% | 8.78% | 8.60% | 8.41% | 4.99% | 3.56% | 5.77% | 5.07% |
ROIC
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| 11.08% | 10.17% | 9.65% | 10.27% | 11.15% | 9.71% | 10.29% | 5.91% | 8.12% | 4.96% |
ROE
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Finward Bancorp peers in Banks Regional
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| HNVR Hanover Bancorp, Inc. | $183.9M | 20.9× | Compare |
| ECBK ECB Bancorp, Inc. | $180.9M | 14.6× | Compare |
| CBFV CB Financial Services, Inc. | $188.6M | 25.9× | Compare |
| MNSB MainStreet Bank | $177.0M | 12.2× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BVFL BV Financial, Inc. | $176.3M | 13.6× | Compare |
| LARK Landmark Bancorp Inc. | $191.1M | 9.7× | Compare |
| BAFN BayFirst Financial Corp. | $192.0M | 0.0× | Compare |
| SBFG SB Financial Group, Inc. | $192.2M | 11.1× | Compare |
Finward Bancorp (FNWD) key facts
- Finward Bancorp (FNWD) is a Banks Regional company in the Financial sector, listed on Nasdaq.
- Finward Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $101.1 million, down 9.63% from fiscal 2024.
- Net income was $8.1 million, or $1.89 per share (basic), a net margin of 8.00%.
- As of September 25, 2026, FNWD traded at $43.24, a market capitalization of $183.1 million.
- At that price the stock trades at 18.9× trailing-twelve-month earnings and 1.8× sales.
- Finward Bancorp pays an annual dividend of $1.24 per share, a yield of 2.03%, with a payout ratio of 39.9%.
- Return on equity was 4.96% and debt-to-equity 0.36.
Finward Bancorp (FNWD) Latest News
28 Jul
Finward Bancorp reported its second quarter 2026 financial results. Quarterly earnings releases typically cause short-term stock price movement without altering long-term strategy.
21 Jul
First Financial Bancorp reported second quarter 2026 financial results, raised its quarterly dividend, and announced the acquisition of Finward Bancorp. Acquisition by First Financial Bancorp will lead to complete integration and change in ownership structure for Finward Bancorp.
Finward Bancorp executes an acquisition to expand operations and market reach. Acquisition represents a major strategic move that can significantly alter company trajectory and investor sentiment.
28 Apr
Finward Bancorp announced first quarter 2026 results, detailing financial performance for the period. Quarterly earnings announcements significantly affect stock price, investor sentiment, and future performance projections.
27 Jan
Finward Bancorp reported its financial results for the fourth quarter of 2025, highlighting a significant increase in net income and improved asset quality. The bank's total assets grew, driven by strong loan demand and effective cost management. Additionally, the company announced a dividend increase, reflecting its commitment to returning value to shareholders. Overall, the results indicate a positive trajectory for Finward Bancorp amidst a competitive banking environment. The significant increase in net income and asset growth suggests a strong performance that could positively influence investor sentiment and the company's future trajectory.
29 Dec
Insider buying activity at Finward Bancorp has increased, signaling potential confidence in the company's future performance. Several executives and board members have purchased shares, which may indicate their belief in the stock's undervaluation or positive outlook. This trend could influence market sentiment and investor confidence in Finward Bancorp. Insider buying can positively influence market sentiment and investor confidence, but its overall impact on the company's trajectory is expected to be limited.
3 Dec
Finward Bancorp has announced a quarterly dividend of $0.15 per share, payable on December 1, 2023, to shareholders of record as of November 17, 2023. This decision reflects the company's commitment to returning value to its shareholders while maintaining a strong financial position. The dividend announcement indicates a stable financial performance but does not significantly alter the company's overall trajectory.
26 Nov
Investing in Finward Bancorp (NASDAQ:FNWD) a year ago would have resulted in a 22% gain, reflecting positive performance in the company's stock. This growth indicates strong market confidence and effective management strategies that have contributed to the bank's financial health. Investors who took the opportunity to invest in FNWD have seen a favorable return, suggesting that the company is well-positioned in its sector. The reported gain indicates a moderately noticeable influence on investor sentiment and financial performance.
30 Oct
Finward Bancorp (FNWD) is facing margin compression challenges that could undermine its previously bullish growth narratives. The company is experiencing pressure on its profit margins, which may affect its financial performance and investor sentiment moving forward. Margin compression is expected to moderately influence financial performance and market positioning.
28 Oct
Finward Bancorp reported its financial results for the third quarter of 2025, highlighting a significant increase in net income compared to the previous year. The bank's total assets grew, driven by strong loan demand and improved deposit levels. Management expressed optimism about future growth prospects and ongoing investments in technology to enhance customer experience. The results reflect the bank's strategic focus on expanding its market presence and operational efficiency. The significant increase in net income and asset growth indicates a strong performance that could positively influence investor sentiment and future market positioning.
11 Sep
Finward Bancorp (NASDAQ: FNWD) has gained popularity among retail investors, who now own 46% of the company's shares, while institutional investors hold 32%. This shift indicates a growing interest from individual investors in the bank's stock. The significant retail ownership may influence market sentiment and trading dynamics but is not expected to fundamentally alter the company's trajectory.
15 Aug
Finward Bancorp (FNWD) is experiencing positive momentum driven by strong financial performance and strategic initiatives. The company's recent earnings report highlighted significant growth in key metrics, indicating robust demand for its services. Analysts are optimistic about FNWD's ability to sustain this momentum, supported by favorable market conditions and effective management strategies. The outlook remains positive as the company continues to innovate and expand its offerings, positioning itself well for future growth. Strong financial performance and strategic initiatives are likely to significantly impact future growth and investor sentiment.
Finward Bancorp has announced a quarterly dividend of $0.15 per share, payable on December 1, 2023, to shareholders of record as of November 17, 2023. This decision reflects the company's ongoing commitment to returning value to its shareholders while maintaining a strong capital position. The dividend announcement indicates a stable financial position, which may positively influence investor sentiment but is not expected to significantly alter the company's trajectory.
Finward Bancorp reported its second quarter 2025 earnings, with earnings per share (EPS) exceeding expectations. However, the company's revenues fell short of forecasts, indicating potential challenges in revenue generation despite strong profitability metrics. Earnings performance exceeded expectations, but revenue shortfalls may limit overall financial growth.
7 Aug
Finward Bancorp has announced the termination of a consent order previously issued by the Office of the Comptroller of the Currency (OCC). The order, which required the bank to address certain compliance issues, has been lifted following the bank's successful implementation of corrective measures. This development is expected to enhance the bank's operational flexibility and improve its regulatory standing. The termination of the consent order significantly improves Finward Bancorp's regulatory standing and operational flexibility, likely impacting its future performance positively.
29 Jul
Finward Bancorp reported its financial results for the second quarter of 2025, highlighting a significant increase in net income and improved asset quality. The bank's total assets grew, driven by strong loan demand and effective cost management strategies. Additionally, the company announced a dividend increase, reflecting its commitment to returning value to shareholders. Management expressed optimism about future growth prospects amid a stable economic environment. The significant increase in net income and asset growth indicates a strong performance that could positively influence investor sentiment and the company's trajectory.
22 Jul
Numerous insiders at Finward Bancorp (NASDAQ:FNWD) have recently purchased shares, signaling optimism for shareholders. Independent Director Carolyn Burke made the largest purchase of US$61k at US$26.85 per share, close to the current price of US$26.90. Over the past year, insiders bought US$302k worth of shares while selling US$33k worth, indicating a net buying trend. Insiders own about US$15m worth of shares, representing 13% of the company, suggesting reasonable alignment with shareholders. Although recent insider buying was limited, the overall trend shows confidence in the company's future. Insider buying indicates moderate confidence in the company's future performance.
30 May
Finward Bancorp (NASDAQ:FNWD) shareholders have experienced a 16% total shareholder return loss over the past three years, with the share price dropping 23% compared to a market return of 46%. The company's earnings per share (EPS) fell by 40% annually during this period. However, recent insider buying and a 21% total shareholder return over the past year suggest improving sentiment. The total shareholder return, including dividends, has been boosted despite the share price decline. Caution is advised as there are two warning signs for the company. The decline in EPS and share price indicates challenges, but recent positive trends and insider buying suggest potential for moderate recovery.
3 May
Finward Bancorp (NASDAQ:FNWD) reported quarterly revenues of US$16m, falling 4.4% short of analyst expectations, while profits exceeded forecasts with earnings per share of US$0.11, 16% above predictions. Analysts now expect revenues of US$68.2m in 2025, an 11% increase, and earnings per share to rise 39% to US$1.06. Despite slight adjustments in estimates, overall expectations remain stable. The consensus price target increased by 6.5% to US$33.00, reflecting confidence in the company's growth potential, which is projected to outpace industry averages. However, one warning sign about the company was noted. Analysts' forecasts indicate stable growth expectations, but no major changes in business prospects were observed.
30 Apr
Finward Bancorp reported a net income of $456 thousand, or $0.11 per diluted share, for Q1 2025, a significant decline from $2.1 million in Q4 2024 and $9.3 million in Q1 2024. Key performance metrics showed a return on equity of 1.17% and a return on assets of 0.09%. The net interest margin improved to 2.95%, driven by lower deposit costs. Total deposits decreased slightly to $1.8 billion, while non-performing loans fell to $12.5 million. The allowance for credit losses increased to $17.9 million. Operating expenses rose due to higher compensation costs. The bank's capital ratios remained strong, exceeding regulatory requirements. The decline in net income and rising operating expenses may moderately affect financial performance and investor sentiment.
15 Apr
Finward Bancorp (NASDAQ:FNWD) has confirmed a dividend of $0.12 per share, yielding 1.6% annually, which is below the industry average. The company has a 10-year history of dividend payments, with a current payout ratio of 17%. However, earnings per share are forecasted to decline by 66.5% over the next three years, potentially increasing the payout ratio to 28%. The dividend has been unstable, decreasing from $1.00 in 2015 to $0.48, with a 7.1% annual shrinkage. Concerns arise about the sustainability of future dividends amid declining earnings. Investors are advised to consider other factors beyond dividends before investing. The forecasted decline in earnings per share and the history of dividend instability suggest a moderately noticeable influence on the company's future performance.
5 Apr
Finward Bancorp reported its full year 2024 earnings, surpassing market expectations. The company's strong performance was driven by increased revenue and effective cost management strategies. Analysts noted improvements in key financial metrics, contributing to a positive outlook for the bank's future operations. The results reflect Finward's resilience in a competitive banking environment and its ability to adapt to market changes. Earnings exceeding expectations indicate significant operational strength and potential for future growth.
11 Mar
Finward Bancorp (NASDAQ:FNWD) has 51% of its shares owned by retail investors, indicating significant influence from the public. Institutional investors hold 28%, with hedge funds owning 8.2%. The top 25 shareholders control less than half of the company, suggesting no dominant shareholder. Insiders own $15 million worth of shares in the $121 million company, indicating alignment with shareholder interests. Retail investors can impact decisions like dividends and director appointments. The article highlights the importance of understanding ownership structures and potential risks associated with the company. The ownership structure suggests moderate influence on Finward Bancorp's future performance and market sentiment.
12 Feb
Multiple insiders at Finward Bancorp (NASDAQ:FNWD) have recently purchased shares, indicating confidence in the company's future. Notably, Carolyn Burke made the largest insider purchase in the past year, buying shares even when prices were higher than the current US$26.38. Over the last year, insiders bought 4.06k shares worth US$113k while selling only 738.70 shares for US$21k, suggesting a net positive sentiment. Insiders own 13% of the company, valued at approximately US$15m, indicating alignment with shareholder interests. However, there are two warning signs to consider regarding the company's risks. Insider buying suggests confidence in the company's future, which may moderately influence market sentiment and performance.
28 Jan
Finward Bancorp reported a net income of $12.1 million, or $2.84 per diluted share, for the year ending December 31, 2024, up from $8.4 million, or $1.96 per diluted share, in 2023. For Q4 2024, net income was $2.1 million, compared to $606 thousand in Q3 2024. Key performance metrics showed improvements in return on equity and assets, with a return on equity of 5.39% for Q4 2024. The bank's net interest margin increased to 2.79% for Q4 2024, driven by higher loan yields and lower funding costs. Total deposits rose to $1.8 billion, while non-performing loans slightly decreased. The bank's capital ratios remained strong, exceeding regulatory requirements, and it recognized a one-time gain of $1.2 million from a tax credit investment. Significant improvements in financial performance and strategic initiatives indicate a likely positive impact on future performance.
29 Oct
Finward Bancorp announced earnings for the quarter and nine months ended September 30, 2024, with net income available to common stockholders increasing compared to the prior year. The Bank's position improved, with stable margin and expenses, as they prepared for the Fed's easing cycle. The article describes significant financial performance and strategic moves that could impact Finward Bancorp's future trajectory and market performance.
26 Sep
Finward Bancorp (FNWD) has shown a positive price trend recently, indicating strong market performance and investor confidence. Analysts attribute this upward movement to the company's solid financial fundamentals and strategic initiatives aimed at enhancing growth. The favorable market conditions and effective management strategies are expected to sustain this momentum, making FNWD an attractive option for investors looking for stability and potential returns. The positive price trend and strong financial fundamentals suggest significant potential for future performance and investor sentiment.
10 Sep
Finward Bancorp (FNWD) is highlighted as a strong option for trend investors due to its solid financial performance, strategic growth initiatives, and favorable market conditions. The bank has demonstrated resilience and adaptability, positioning itself well to capitalize on emerging opportunities in the financial sector. Analysts suggest that FNWD's focus on innovation and customer service enhances its competitive edge, making it an attractive investment choice for those looking to align with positive market trends. Significant growth initiatives and favorable market conditions are likely to impact Finward Bancorp's future performance.
7 Sep
Retail investors own 56% of Finward Bancorp shares, while institutions own 22%. Insiders have been selling shares. Top 25 shareholders own 43% of the company. The ownership breakdown may moderately influence the company's future decisions and performance.
5 Sep
Finward Bancorp appoints three new directors with extensive experience in the financial industry. The appointment of new directors with significant industry experience is a significant move that could impact the company's strategic direction and governance.