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Finward Bancorp
Finward Bancorp (FNWD) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Munster, United States and has 296 employees. The company is worth $181.59M and trades at 18.5x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $66.04M in fiscal 2025, down 7.1% from the year before. Net income was $8.09M. The share price is 8.6% below its 52-week high of $45.90. It pays a dividend yielding 1.14%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $1.67M. In that quarter, 1 of them opened or added to the position. Over the last 30 days, company insiders bought $3.69K of its stock on the open market and sold none.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -8.0% over 5Y.
today you would have $1,105.43▲ +10.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 16 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $35.19 | $28.11 | $25.24 | $36.20 | $45.88 | $36.10 | $45.90 | $43.00 | $44.50 | $38.85 | $30.80 | $26.50 | $25.00 | $19.10 | $14.40 | $14.90 | |
| P/E | 10.4x | 18.7x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 13.2 among peers in the sector.
Median P/E of 10.4 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| WHGWestwood Holdings Group Inc | $18.90 | 22.0x | 1.3x | 3.17% | 6.31% | $180.37M |
| BVFLBV Financial, Inc. | $21.67 | 14.4x | 0.9x | 0.00% | 6.87% | $183.56M |
| ARCLARC Group Acquisition I Corp. | $10.00 | — | 163.9x | 0.00% | — | $179.33M |
| XYFX Financial | $4.98 |
| 9.9x |
| 12.9x |
| 10.1x |
| 10.7x |
| 7.8x |
| 13.0x |
| 13.6x |
| 14.2x |
| 12.1x |
| 11.2x |
| 10.2x |
| 10.0x |
| 7.9x |
| 7.6x |
| 8.1x |
| P/S | 2.3x | 2.3x | 1.7x | 1.7x | 2.0x | 3.1x | 2.0x | 3.0x | 3.4x | 3.3x | 3.0x | 2.6x | 2.4x | 2.4x | 1.7x | 1.4x | 1.4x |
| P/B | 1.0x | 0.9x | 0.8x | 0.7x | 1.2x | 1.3x | 0.8x | 1.2x | 1.5x | 1.4x | 1.3x | 1.1x | 1.0x | 1.1x | 0.8x | 0.6x | 0.8x |
| EPS | $1.88 | $2.84 | $1.96 | $3.60 | $4.30 | $4.60 | $3.53 | $3.17 | $3.13 | $3.20 | $2.75 | $2.60 | $2.50 | $2.41 | $1.90 | $1.83 |
| Dividend yield | 3.41% | 1.36% | 1.71% | 3.68% | 3.43% | 2.70% | 3.43% | 2.68% | 2.77% | 2.58% | 2.86% | 3.44% | 3.66% | 3.40% | 3.77% | 4.17% | 3.42% |
| Payout | 34.22% | 25.53% | 16.90% | 47.45% | 34.44% | 28.84% | 26.96% | 34.84% | 37.54% | 36.74% | 34.69% | 38.55% | 37.31% | 34.00% | 29.88% | 31.58% | 27.87% |
| Profit margin | 22.20% | 12.25% | 17.06% | 12.83% | 19.17% | 23.19% | 24.88% | 22.47% | 21.49% | 23.26% | 24.27% | 22.95% | 23.52% | 23.90% | 21.92% | 17.95% | 16.77% |
| ROE | 9.63% | 4.63% | 8.01% | 5.69% | 11.58% | 9.55% | 10.50% | 9.06% | 9.20% | 9.73% | 10.87% | 9.70% | 9.71% | 10.66% | 10.13% | 8.55% | 9.23% |
Median of the years shown; P/E years above 200x are left out.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
-32.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 2.4x |
| 0.2x |
| 11.24% |
| 7.28% |
| $183.93M |
| GPATGP-Act III Acquisition Corp. | $11.08 | 44.3x | — | 0.00% | — | $179.07M |
| SBFGSb Financial Group Inc | $29.53 | 11.1x | 1.3x | 2.17% | 11.95% | $184.65M |