FNWDFinancial Services · Banks - RegionalThe 2 Wall Street analysts covering Finward Bancorp hold a median 12-month price target of $38 — -12.0% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 66 of 100 as at 12 Sept 2026 — in the upper half.
Consensus tells you what everyone already believes. The model scores Finward Bancorp on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Momentum (91): The shares have been drifting up relative to others.
Quality (17): Profits are thin or unreliable for the size of the business, or they are not turning into cash.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on FNWD, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits −12.0% from it.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 27 Mar 2026 | Stephens & Co. | Assumes | Overweight | $41 |
| 2 May 2025 | Stephens & Co. | Maintains | Overweight | — |
| 6 Sept 2024 | Hovde Group | Upgrade | Outperform | — |
| 27 Oct 2022 | Stephens & Co. | Maintains | Overweight | — |
| 28 July 2022 | Stephens & Co. | Maintains | Overweight | — |
| 13 Jan 2022 | Stephens & Co. | Initiates | Overweight | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. FNWD appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 11 Sept 2026, Finward Bancorp returned +37.3% against +17.5% for the S&P 500, dividends included.
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Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 39% of US stocks
Cheaper than 44% of US stocks
Cheaper than 71% of US stocks
Higher than 33% of US stocks
Higher than 33% of US stocks
Higher than 74% of US stocks
Higher than 76% of US stocks
Higher than 54% of US stocks
Higher than 46% of US stocks
Higher than 25% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Finward Bancorp has a market value of $187.1M and an enterprise value of $201.9M.
Revenue in the twelve months to 30 June 2026: $69.1M. The latest quarter grew 2.4% year on year.
Net income over the same four quarters: $9.8M, a 14.2% net margin.
Diluted earnings per share, trailing twelve months: $2.27.
Free cash flow in the twelve months to 30 June 2026: $16.6M.
Finward Bancorp spent $2.1M on dividends in the twelve months to 30 June 2026.
Trailing P/E: 19.0×; forward P/E: 13.8× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 1.11%, paying out 21% of earnings.
Finward Bancorp employs 296 people — $234K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Finward Bancorp — and when they’d sell — is the membership. See the Ticker Nerd 20 →
Finward Bancorp announced that its Board of Directors declared a dividend of $0.12 per share on its common stock on September 4, 2026. The dividend is payable on September 25, 2026 to shareholders of record as of September 18, 2026.
Why it matters — FNWD watchers would care because this reflects a routine shareholder payout decision from the company's board.
Halper Sadeh LLC announced it is investigating whether Finward Bancorp (FNWD) and PSNL are obtaining fair deals for their shareholders. The firm notes that insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
Why it matters — The investigation raises concerns about whether FNWD's leadership may be prioritizing their own financial interests over those of common shareholders.
Finward Bancorp reported net income available to common stockholders of $2.1 million, or $0.48 per diluted share, for the quarter ended June 30, 2026, compared to $2.2 million, or $0.52 per diluted share, for the prior quarter ended March 31, 2026.
Why it matters — The sequential decline in quarterly earnings provides a snapshot of Finward Bancorp's recent financial performance for shareholders monitoring the company's profitability trends.
Kahn Swick & Foti, LLC is investigating the proposed sale of Finward Bancorp to First Financial Bancorp, under which Finward shareholders would receive 1.35 shares of First Financial for each Finward share they own. The law firm is examining whether the consideration and process of the proposed transaction are adequate.
Why it matters — A shareholder investigation into the fairness of the merger consideration could signal potential legal challenges or changes to the deal terms, affecting the value Finward shareholders ultimately receive.
The 2 Wall Street analysts covering Finward Bancorp have a median 12-month price target of $38, with estimates ranging from $38 to $38. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 2 analysts covering Finward Bancorp, 1 rate it a Buy, 1 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Finward Bancorp 66 out of 100 across roughly 4,600 US stocks as at 12 Sept 2026. None of this is personal advice — it does not consider your circumstances.
As at 12 Sept 2026, Finward Bancorp ranks 66 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Momentum (91 of 100).
No one can know that. What the data says: the median 12-month target from 2 analysts implies -12.0% from the last close, and Ticker Nerd's factor model ranks Finward Bancorp 66 out of 100 as at 12 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Finward Bancorp publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FNWD are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $38 to $38 over the next 12 months.
Finward Bancorp returned +37.3% over the 12 months to 11 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.
Finward Bancorp Common Stock represents the equity of Finward Bancorp, a financial holding company headquartered in Munster, Indiana. The company primarily operates through Peoples Bank, a regional commercial bank that provides personal banking, business banking, electronic banking, and wealth management services across Northwest Indiana and the Chicagoland area.
The most recent item we track (Business Wire, 4 Sept 2026): "Finward Bancorp Announces Dividend". Finward Bancorp announced that its Board of Directors declared a dividend of $0.12 per share on its common stock on September 4, 2026. The dividend is payable on September 25, 2026 to shareholders of record as of September 18, 2026.
Finward Bancorp Common Stock represents the equity of Finward Bancorp, a financial holding company headquartered in Munster, Indiana. The company primarily operates through Peoples Bank, a regional commercial bank that provides personal banking, business banking, electronic banking, and wealth management services across Northwest Indiana and the Chicagoland area. Its banking activities include deposit products, residential mortgage lending, construction financing, commercial real estate loans, consumer credit, commercial business loans, and municipal lending. Through its wealth management group, Finward Bancorp also supports estate planning, retirement services, fiduciary accounts, trusts, and investment agency services. The common stock reflects ownership in a locally managed financial institution focused on community banking and relationship-based financial services in its core markets.
CEO Mr. Benjamin J. Bochnowski · 296 employees · United States · https://www.ibankpeoples.com
