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FNWD

Finward Bancorp NasdaqCM:FNWD Stock Report

Last Price

US$38.00

Market Cap

US$165.2m

7D

-2.6%

1Y

-13.1%

Updated

16 May, 2022

Data

Company Financials +
FNWD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends4/6

FNWD Stock Overview

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services.

Finward Bancorp Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Finward Bancorp
Historical stock prices
Current Share PriceUS$38.00
52 Week HighUS$50.00
52 Week LowUS$37.16
Beta0.56
1 Month Change-16.30%
3 Month Change-20.88%
1 Year Change-13.14%
3 Year Change-13.64%
5 Year Change-6.17%
Change since IPO85.37%

Recent News & Updates

Apr 30
Finward Bancorp Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Finward Bancorp Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's shaping up to be a tough period for Finward Bancorp ( NASDAQ:FNWD ), which a week ago released some disappointing...

Shareholder Returns

FNWDUS BanksUS Market
7D-2.6%-3.5%0.7%
1Y-13.1%-20.8%-10.8%

Return vs Industry: FNWD exceeded the US Banks industry which returned -19.6% over the past year.

Return vs Market: FNWD underperformed the US Market which returned -10.4% over the past year.

Price Volatility

Is FNWD's price volatile compared to industry and market?
FNWD volatility
FNWD Average Weekly Movement4.0%
Banks Industry Average Movement3.9%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: FNWD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FNWD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994267Ben Bochnowskihttps://www.ibankpeoples.com

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company’s deposit products include non-interest and interest bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans. Its loan products portfolio comprises residential mortgage loans that enable borrowers to purchase existing homes, refinance existing homes, or construct new homes; construction loans primarily to individuals and contractors; commercial real estate loans; consumer loans to individuals for personal, household, or family purposes; home equity line of credit; home improvement loans and equity loans; commercial business loans; government loans; and loans to municipalities.

Finward Bancorp Fundamentals Summary

How do Finward Bancorp's earnings and revenue compare to its market cap?
FNWD fundamental statistics
Market CapUS$165.20m
Earnings (TTM)US$12.56m
Revenue (TTM)US$65.91m

13.0x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FNWD income statement (TTM)
RevenueUS$65.91m
Cost of RevenueUS$0
Gross ProfitUS$65.91m
Other ExpensesUS$53.36m
EarningsUS$12.56m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.92
Gross Margin100.00%
Net Profit Margin19.05%
Debt/Equity Ratio14.7%

How did FNWD perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

36%

Payout Ratio

Valuation

Is Finward Bancorp undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FNWD ($38) is trading below our estimate of fair value ($88.91)

Significantly Below Fair Value: FNWD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FNWD is poor value based on its PE Ratio (13x) compared to the US Banks industry average (9.7x).

PE vs Market: FNWD is good value based on its PE Ratio (13x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: FNWD is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: FNWD's PB Ratio (1x) is in line with the US Banks industry average.


Future Growth

How is Finward Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNWD's forecast earnings growth (26.1% per year) is above the savings rate (1.9%).

Earnings vs Market: FNWD's earnings (26.1% per year) are forecast to grow faster than the US market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FNWD's revenue (15.1% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: FNWD's revenue (15.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FNWD's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Finward Bancorp performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FNWD has high quality earnings.

Growing Profit Margin: FNWD's current net profit margins (19%) are lower than last year (29%).


Past Earnings Growth Analysis

Earnings Trend: FNWD's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: FNWD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FNWD had negative earnings growth (-30.6%) over the past year, making it difficult to compare to the Banks industry average (20.9%).


Return on Equity

High ROE: FNWD's Return on Equity (8%) is considered low.


Financial Health

How is Finward Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FNWD's Assets to Equity ratio (13.3x) is moderate.

Allowance for Bad Loans: FNWD has a sufficient allowance for bad loans (174%).

Low Risk Liabilities: 98% of FNWD's liabilities are made up of primarily low risk sources of funding.

Loan Level: FNWD has an appropriate level of Loans to Assets ratio (68%).

Low Risk Deposits: FNWD's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: FNWD has an appropriate level of bad loans (0.5%).


Dividend

What is Finward Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.26%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FNWD's dividend (3.26%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: FNWD's dividend (3.26%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: FNWD's dividends per share have been stable in the past 10 years.

Growing Dividend: FNWD's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.7%), FNWD's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Ben Bochnowski (40 yo)

7.33yrs

Tenure

US$694,164

Compensation

Mr. Benjamin J. Bochnowski, also known as Ben, has been Chief Executive Officer of Finward Bancorp (formerly known as NorthWest Indiana Bancorp) since April 28, 2016, President since January 15, 2015 and D...


CEO Compensation Analysis

Compensation vs Market: Ben's total compensation ($USD694.16K) is below average for companies of similar size in the US market ($USD1.69M).

Compensation vs Earnings: Ben's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: FNWD's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: FNWD's board of directors are seasoned and experienced ( 17.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FNWD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.5%.


Top Shareholders

Company Information

Finward Bancorp's employee growth, exchange listings and data sources


Key Information

  • Name: Finward Bancorp
  • Ticker: FNWD
  • Exchange: NasdaqCM
  • Founded: 1994
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$165.195m
  • Shares outstanding: 4.29m
  • Website: https://www.ibankpeoples.com

Number of Employees


Location

  • Finward Bancorp
  • 9204 Columbia Avenue
  • Munster
  • Indiana
  • 46321
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.