FNWD — Finward Bancorp

✨ Hidden Gem

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates FNWD Bullish with a Setup Score of 54, net conviction 41, actionability 72. How the Setup Score works →

Total Setup Score54
Directional BiasBullish
Net Conviction41
Actionability72 (in range)

Key signals behind this score

About Finward Bancorp

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 portfolio comprises residential mortgage loans that enable borrowers to purchase existing homes, refinance existing homes, or const… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$35.59
Market Cap$154M
Float3.4M
Shares Outstanding4.3M
P/E (Forward)12.45
P/E (TTM)15.30
Price/Sales (TTM)2.25
vs. Analyst Target+11.0% to analyst PT
Profit Margin14.40%
Operating Margin (TTM)17.47%
Revenue (TTM)$68.6M
Earnings Growth (YoY)387.70%
Dividend Rate0.5%
Analyst Target Price$39.50 (2 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $69.8M $15.9M $60.3M $21.9M
2021 $66.6M $15.0M $63.0M $20.9M
2022 $83.5M $15.1M $78.7M $22.5M
2023 $96.5M $8.4M $63.3M $15.2M
2024 $112M $12.1M $71.6M $20.7M
2025 $101M $8.1M $66.2M $14.3M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $25.4M $2.2M
Sep 2025 $26.3M $3.5M
Dec 2025 $24.9M $2.0M
Mar 2026 $25.1M $2.2M

Ownership & Float

Insider Ownership21.7%
Institutional Ownership49.2%
Short Float3.2%
% of All Funds Holding0.85%
Number of Funds Holding70

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$33.66Near-term / short-term trend
Weekly40-Week SMA$35.34Medium-term trend
Weekly80-Week SMA$32.19Cyclical trend (business cycle)
Weekly200-Week SMA$29.36Secular trend (multi-year)
Monthly10-Month SMA$35.62Near-term monthly trend
Monthly20-Month SMA$32.31Medium-term monthly trend
Monthly40-Month SMA$28.69Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$32.60 support 1.75x 0 months ago
$38.00 resistance 1.08x 6 months ago
$27.60 support 3.24x 10 months ago
$27.00 support 1.36x 15 months ago

Historical Earnings Reactions (61 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.05% 0.00% 27.87% 4.74% -4.31%
1 Day -0.16% 0.00% 29.51% 4.10% -6.99%
1 Week 0.05% 0.00% 42.62% 9.09% -6.72%
2 Weeks 0.37% 0.00% 42.62% 33.80% -12.39%
1 Month 0.11% 0.03% 50.00% 32.04% -23.48%

Next earnings: August 4, 2026 (23 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan0.8%50.0%28
Feb1.0%50.0%28
Mar-1.5%39.3%28
Apr0.4%53.6%28
May-1.4%39.3%28
Jun0.1%34.5%29
Jul1.4%60.7%28
Aug-0.5%39.3%28
Sep1.1%57.1%28
Oct-0.1%46.4%28
Nov0.9%53.6%28
Dec1.4%67.9%28

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.03% 18.4% 1328
Tuesday -0.01% 19.8% 1452
Wednesday 0.05% 20.7% 1452
Thursday 0.02% 20.1% 1425
Friday 0.06% 20.3% 1416

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 49.2%

Insider Transactions — Smart Summary

Total insider ownership: 21.7%

12-Month Insider Activity Summary

Total Filings12
Net Value+$10,313.427
Net Shares Change2,269
% of Float0.1%
C-Suite Filings9
Clusters Detected3

Key Insiders

NameTitleNet ValueFilingsActivity
Scheub Todd M. Executive Vice President +$4,193.651 3 3 buy
Lowry Robert T Executive Vice President +$3,640.297 2 2 buy
Bochnowski Benjamin J President, CEO +$446.168 2 2 buy
Puntillo Anthony +$233.104 1 1 buy
Johnson Robert E. III +$194.945 1 1 buy
Han Amy Wong +$128.464 1 1 buy

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2026-02-27 – 2026-02-27 3 3 +$3,426.661 3 C-suite
2026-04-01 – 2026-04-01 3 3 +$3,437.785 3 C-suite
2026-07-01 – 2026-07-02 6 6 +$4,005.493 3 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-07-01 Scheub Todd M. Executive Vice President +$1,402.427 Transaction at $36.00, now -1.1%
2026-07-01 Lowry Robert T Executive Vice President +$1,823.108 Transaction at $36.00, now -1.1%
2026-07-01 Bochnowski Benjamin J President, CEO +$223.445 Transaction at $36.00, now -1.1%
2026-07-02 Johnson Robert E. III +$194.945 Transaction at $35.75, now -0.4%
2026-07-01 Puntillo Anthony +$233.104 Transaction at $35.75, now -0.4%
2026-07-01 Han Amy Wong +$128.464 Transaction at $35.75, now -0.4%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Finward Bancorp (FNWD) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for FNWD on Trend Edge →