Finward Bancorp (FNWD) AI Stock Analysis

• Market Cap: $125.53M
• Dividend Yield: 1.65%
• Average Volume (3M): 4.14K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 0.05
• Revenue Growth: 16.08%
• EPS Growth: 45.46%
• Country: US
• Employees: 276
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 2.84
• Shares Outstanding: 4,313,819
• 10 Day Avg. Volume: 5,557
• 30 Day Avg. Volume: 4,139
• PEG Ratio: 0.23
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.78
• Price to Cash Flow (P/CF): -8.40
• P/FCF Ratio: 4.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $35.00
• Price Target Upside: 20.27% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

Finward Bancorp demonstrates solid financial health with revenue and profit growth, alongside strong technical indicators suggesting potential price appreciation. The stock is fairly valued with a reasonable dividend yield, making it an attractive investment in the banking sector. However, the absence of recent cash flow data introduces some uncertainty.

Finward Bancorp Business Overview & Revenue Model

Company Description

Finward Bancorp (FNWD) is a financial holding company that operates in the banking sector. It provides a range of financial services primarily through its wholly-owned subsidiary, Peoples Bank. The company offers personal and business banking products, including savings and checking accounts, loans, credit facilities, and wealth management services, catering to individual consumers, small businesses, and commercial clients.

How the Company Makes Money

Finward Bancorp makes money primarily through the interest income generated from its lending activities. The company extends various types of loans, such as residential mortgages, commercial loans, and consumer loans, and earns interest on these financial products. Additionally, Finward generates revenue through non-interest income, which includes fees from deposit accounts, transaction processing, wealth management services, and other banking-related fees. The company's earnings are further supported by strategic partnerships with financial service providers and its focus on maintaining a diversified loan portfolio to manage risk and enhance profitability.

Finward Bancorp Financial Statement Overview

Summary

Finward Bancorp has a solid financial foundation with strong profitability and a stable balance sheet. However, cash flow management issues, especially in converting income to cash, pose challenges that need addressing to ensure sustainability.

Income Statement

Finward Bancorp demonstrates strong profitability with consistent net profit margins and a healthy gross profit margin. The revenue growth rate is commendable, showing a positive trajectory, especially in the TTM period. However, the EBIT margin has shown some fluctuations, which indicates potential volatility in operational efficiency.

Balance Sheet

The balance sheet reflects a solid equity ratio, indicating financial stability. The debt-to-equity ratio is manageable, suggesting moderate leverage. However, the return on equity is modest, reflecting average profitability from shareholders' capital. The company should focus on improving asset utilization to maximize ROE.

Cash Flow

Cash flow analysis reveals challenges in maintaining positive free cash flow growth, as seen in the TTM period. The operating cash flow to net income ratio indicates potential issues in converting income into cash. While historical free cash flow was strong, recent declines highlight a need for better cash management.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
100.02M	65.30M	78.66M	64.52M	64.03M	53.83M
	Gross Profit
100.02M	96.53M	78.66M	64.52M	64.03M	53.83M
	EBIT
39.01M	15.21M	15.48M	16.38M	19.50M	13.86M
	EBITDA
11.96M	15.21M	22.53M	20.94M	21.91M	15.80M
	Net Income Common Stockholders
11.54M	8.38M	15.08M	14.96M	15.93M	12.10M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
31.28M	81.91M	31.28M	560.07M	430.59M	324.48M
	Total Assets
2.07B	2.11B	2.07B	1.62B	1.50B	1.33B
	Total Debt
120.00M	80.00M	120.00M	14.58M	6.15M	14.00M
	Net Debt
88.72M	-5.59M	88.72M	-18.59M	-13.77M	-33.26M
	Total Liabilities
1.93B	1.96B	1.93B	1.47B	6.15M	14.00M
	Stockholders Equity
136.39M	147.34M	136.39M	156.62M	152.92M	134.10M
Cash Flow		Free Cash Flow
-4.46M	20.79M	14.73M	13.91M	17.41M	7.92M
	Operating Cash Flow
-1.25M	21.93M	17.76M	17.04M	21.15M	10.96M
	Investing Cash Flow
59.71M	17.30M	-1.16M	-125.93M	-186.56M	-28.17M
	Financing Cash Flow
-58.47M	15.49M	-18.49M	122.14M	138.07M	47.34M

Finward Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNWD, the sentiment is Positive. The current price of 29.1 is above the 20-day moving average (MA) of 28.54, above the 50-day MA of 27.39, and above the 200-day MA of 28.30, indicating a bullish trend. The MACD of 0.55 indicates Negative momentum. The RSI at 61.57 is Neutral, neither overbought nor oversold. The STOCH value of 60.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FNWD.

Finward Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HTB	77 Outperform	$610.31M	10.87	10.32%	1.32%	11.01%	8.09%
FCBC	73 Outperform	$697.70M	13.60	10.02%	3.20%	6.25%	5.16%
FNWD	72 Outperform	$125.53M	10.25	8.12%	1.65%	16.08%	45.46%
SFBS	70 Neutral	$4.47B	19.70	14.87%	1.51%	16.28%	9.61%
FMBH	65 Neutral	$839.86M	10.61	9.62%	2.71%	17.70%	3.88%
Sector *	64 Neutral	$14.24B	10.27	8.97%	4.33%	16.38%	-11.94%
MSBI	54 Neutral	$370.25M	12.51	-1.83%	7.17%	3.95%	-135.44%

Finward Bancorp Corporate Events

Finward Bancorp Announces Board Changes Post-2025 Meeting

On March 21, 2025, James L. Wieser announced his retirement from the Board of Directors of Finward Bancorp and Peoples Bank, effective after the 2025 Annual Meeting of Shareholders. His departure is not due to any disagreements with the company. Concurrently, the Board decided to reassign Jennifer R. Evans from a Class II to a Class III director to balance the board’s composition, with her service considered uninterrupted. Following Wieser’s retirement, the board size will be reduced from 11 to 10 members, and the vacant Class II directorship will be eliminated.