FNWD

Finward Bancorp

Financial Services · $180M market cap

Verdict

Share price

$42.38

close of Oct 3, 2026

Fair value

$37.76

Sticker Price

Payback Price

$15.11

buy price

Overpriced

FNWD is Overpriced: at $42.38 it trades 12% above its fair value of $37.76. Its buy price (Payback Price) is $15.11, 64% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth5.6% a year✗
Equity per share growth5.3% a year✗
Sales growth6.4% a year✗
Free cash flow growth3.5% a year✗
Return on invested capital2.6%✗

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Insider activity

Since May 22, 2026: 6 open-market purchases worth $4K and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Purchases

Other filings

About Finward Bancorp

Finward Bancorp serves as the parent entity for Peoples Bank, a financial institution offering a comprehensive suite of banking products and services. Its deposit offerings include various checking accounts, both with and without interest, alongside savings accounts, money market deposit accounts, certificates of deposit, and specialized retirement savings plans. The company's lending activities are diverse…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works