OTCPK:NWIN

Stock Analysis Report

NorthWest Indiana Bancorp

Executive Summary

NorthWest Indiana Bancorp operates as the holding company for Peoples Bank SB that provides various banking products and services in Indiana.


Snowflake Analysis

Excellent balance sheet with solid track record.

Share Price & News

How has NorthWest Indiana Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NWIN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.04%

NWIN

-0.08%

US Mortgage

1.1%

US Market


1 Year Return

3.1%

NWIN

22.4%

US Mortgage

17.8%

US Market

Return vs Industry: NWIN underperformed the US Mortgage industry which returned 22.4% over the past year.

Return vs Market: NWIN underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

NWINIndustryMarket
7 Day0.04%-0.08%1.1%
30 Day0.8%-0.7%1.4%
90 Day3.0%3.9%3.9%
1 Year6.1%3.1%25.1%22.4%20.3%17.8%
3 Year40.9%29.6%25.0%16.2%44.8%35.4%
5 Year101.8%72.4%74.6%55.5%71.3%52.4%

Price Volatility Vs. Market

How volatile is NorthWest Indiana Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

9.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NWIN ($45.37) is trading below our estimate of fair value ($50.15)

Significantly Below Fair Value: NWIN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NWIN is good value based on its PE Ratio (12.1x) compared to the Mortgage industry average (14.4x).

PE vs Market: NWIN is good value based on its PE Ratio (12.1x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NWIN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NWIN is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is NorthWest Indiana Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.6%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NorthWest Indiana Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Examine whether NorthWest Indiana Bancorp is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access NorthWest Indiana Bancorp's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has NorthWest Indiana Bancorp performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NWIN has high quality earnings.

Growing Profit Margin: NWIN's current net profit margins (24.5%) are higher than last year (21.5%).


Past Earnings Growth Analysis

Earnings Trend: NWIN's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: NWIN's earnings growth over the past year (45.2%) exceeds its 5-year average (7.5% per year).

Earnings vs Industry: NWIN earnings growth over the past year (45.2%) exceeded the Mortgage industry 23.1%.


Return on Equity

High ROE: NWIN's Return on Equity (9.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: NWIN has a low level of unsold assets or inventory.

Debt Coverage by Assets: NWIN's debt is covered by short term assets (assets are 2.7x debt).


Financial Institutions Analysis

Asset Level: NWIN's level of assets compared to its equity is moderate.

Allowance for Bad Loans: NWIN has a low allowance for bad loans.

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

Loan Level: NWIN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: NWIN's loans are broadly funded by customer deposits.

Level of Bad Loans: NWIN has an appropriate level of bad loans (1.06%)


Next Steps

Dividend

What is NorthWest Indiana Bancorp's current dividend yield, its reliability and sustainability?

2.73%

Current Dividend Yield


Upcoming Dividend Payment

Purchase NorthWest Indiana Bancorp before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: NWIN's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: NWIN's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (3.67%).


Stability and Growth of Payments

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

Growing Dividend: NWIN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.5%), NWIN'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 and that it will be covered by earnings.


Next Steps

Management

What is the CEO of NorthWest Indiana Bancorp's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Ben Bochnowski (38yo)

3.7yrs

Tenure

US$451,046

Compensation

Mr. Benjamin J. Bochnowski, also known as Ben, has been the Chief Operating Officer of Peoples Bank SB (Munster, IN) since August 1, 2013 and served as Chief Operating Officer of its holding company North ...


CEO Compensation Analysis

Compensation vs Market: Ben's total compensation ($USD451.05K) is below average for companies of similar size in the US market ($USD1.12M).

Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.7yrs

Average Tenure

59yo

Average Age

Experienced Management: NWIN's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

16.4yrs

Average Tenure

67.5yo

Average Age

Experienced Board: NWIN's board of directors are seasoned and experienced ( 16.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$26,14419 Jun 19
David Bochnowski
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares601
Max PriceUS$43.50
BuyUS$12509 Apr 19
Benjamin Bochnowski
EntityIndividual
Role
Chief Executive Officer
President
Shares3
Max PriceUS$41.80
BuyUS$9,71129 Mar 19
Benjamin Bochnowski
EntityIndividual
Role
Chief Executive Officer
President
Shares234
Max PriceUS$41.50
BuyUS$9,98821 Feb 19
Todd Scheub
EntityIndividual
Role
Senior Key Executive
Chief Banking Officer & Executive VP
Shares235
Max PriceUS$42.50
BuyUS$7,99008 Feb 19
Robert Johnson
EntityIndividual
Shares188
Max PriceUS$42.50

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.2%.


Management Team

  • Dave Bochnowski (73yo)

    Executive Chairman

    • Tenure: 24.9yrs
    • Compensation: US$389.41k
  • Bob Lowry (57yo)

    Executive VP

    • Tenure: 15.1yrs
    • Compensation: US$301.76k
  • Tanya Leetz (49yo)

    Executive VP and Chief Information & Technology Officer

    • Tenure: 0yrs
  • Todd Scheub (51yo)

    Chief Banking Officer & Executive VP

    • Tenure: 2.5yrs
    • Compensation: US$299.44k
  • David Homrich

    Assistant Vice President

    • Tenure: 0yrs
  • John Diederich (66yo)

    Executive Advisor

    • Tenure: 2.5yrs
    • Compensation: US$258.91k
  • Leane Cerven (61yo)

    Executive VP

    • Tenure: 9.6yrs
    • Compensation: US$284.01k
  • Ben Bochnowski (38yo)

    President

    • Tenure: 3.7yrs
    • Compensation: US$451.05k
  • Linda Kollada (68yo)

    Assistant Vice President

    • Tenure: 0yrs

Board Members

  • Dave Bochnowski (73yo)

    Executive Chairman

    • Tenure: 24.9yrs
    • Compensation: US$389.41k
  • Edward Furticella (72yo)

    Independent Director

    • Tenure: 19.9yrs
    • Compensation: US$36.24k
  • Joel Gorelick (71yo)

    Director

    • Tenure: 19.9yrs
    • Compensation: US$32.76k
  • James Wieser (71yo)

    Independent Director

    • Tenure: 20.9yrs
    • Compensation: US$35.00k
  • Kenneth Krupinski (71yo)

    Independent Director

    • Tenure: 16.9yrs
    • Compensation: US$32.50k
  • Anthony Puntillo (52yo)

    Independent Director

    • Tenure: 15.9yrs
    • Compensation: US$33.49k
  • Don Fesko (46yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: US$30.74k
  • Amy Han (55yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$33.49k
  • Danette Garza (64yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: US$32.50k
  • Ben Bochnowski (38yo)

    President

    • Tenure: 3.7yrs
    • Compensation: US$451.05k

Company Information

NorthWest Indiana Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NorthWest Indiana Bancorp
  • Ticker: NWIN
  • Exchange: OTCPK
  • Founded: 1994
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$156.608m
  • Shares outstanding: 3.45m
  • Website: https://www.ibankpeoples.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NWINOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 1998

Biography

NorthWest Indiana Bancorp operates as the holding company for Peoples Bank SB that provides various banking products and services in Indiana. Captive The company’s deposit products include non-interest and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/10 23:43
End of Day Share Price2019/12/09 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.