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Finward Bancorp Stock: price and insider trades · United States
4 insiders bought €3,246 of shares over the last 90 days, the latest filed 28 Sept 2026.
Cluster: 4 buyers in 30 daysFinward Bancorp: what insiders have been doing
Finward Bancorp is a Finance & Banking company. Its directors and officers file their transactions with SEC (Form 4). Between 18 October 2025 and 18 October 2026, 12 insiders published 21 filings.
Every open-market trade in the period is a purchase: 11 purchases worth €9,127, from 4 insiders, and not a single sale. No amount is published for 1 filing, which the totals therefore leave out. Unlike grants, an open-market purchase is paid for by the insider, at the market price. On the buying side, the filings list 3 senior executives and 1 chief executive among the declarants. The largest single trade was a purchase of €1,607 by Lowry Robert T, published on 28 September 2026, equal to 0.0010% of the market capitalisation.
In all, 10 purchases were made within 30 days of a purchase by another insider of the company. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. The last purchase on record was published on 28 September 2026, which is 20 days ago. Typically, a trade is published a median of 5 days after it takes place. For comparison, the SEC allows two business days to file a Form 4.
Across the 5,458 companies tracked on its exchange, the median is 22 filings; at 21 filings, this issuer sits below that mark. Looking back to 2016, when coverage begins, insiders filed 71 purchases and 3 sales. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported net income of 8.1 m USD, with a dividend of 0.36 USD per share.
For comparison within the same sector, see the insider buying recorded at First Guaranty Bancshares, Inc. and BCB Bancorp Inc. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
160
Thresholds
n/a
Buy Volume
€651,952
71 ops. · all time
Sell Volume
€29,607
3 ops. · all time
Who traded when
BuySaleBenjamin J. Bochnowski9 buys
Benjamin Louis Schmitt4 buys
Carolyn M. Burke4 buys
Robert T. Lowry4 buys
Todd M. Scheub3 buys1 sale
Anthony Puntillo1 buy
+2 other insiders
Since the insiders bought
- +13.9%Entry US$36.80 · Close 16 Oct 2026 US$41.93
- +5.1%Entry US$35.04 · Close at T+90 US$36.82
- +5.1%Entry US$35.04 · Close at T+90 US$36.82
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 6,899 of 24,158 companies
62.3
score / 100
Value64
Quality61
FCF yld5.0%
Earn yld4.5%
EV/EBITDA·
ROE5.9%
Gross mgn·
Net mgn12%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$41.79
Analyst consensus
1 analysts2.00/5
US$38.00Target US$38.00(-9%)US$38.00
Income statement
RevenueUS$66M
Net incomeUS$8.1M14.2% margin
Valuation
PER (trailing)18.4x
PER (forward)13.4x
P/Book1.0x
Beta0.18
Balance sheet & cash
Market capUS$181M
Total debtUS$45M
Free Cash FlowUS$9M
Profitability & ownership
ROE5.9%
ROA0.5%
% insiders21.7%
% institutions46.7%
Last declaration on 28 September 2026
Declarations160 total
42.072 shares@ US$43.480.0010% mcap2.6% of flowCommon StockSEC:0001628280-26-063744:0
Canonical exit: 24 Dec 2026 (T+90)
5.382 shares@ US$43.460.0001% mcap0.7% of flowCommon StockSEC:0001628280-26-063748:0
Canonical exit: 24 Dec 2026 (T+90)
32.364 shares@ US$43.480.0008% mcap1.1% of flowCommon StockSEC:0001628280-26-063755:0
Canonical exit: 24 Dec 2026 (T+90)
5.156 shares@ US$43.480.0001% mcap0.1% of flowCommon StockSEC:0001628280-26-063746:0
Canonical exit: 24 Dec 2026 (T+90)
6.207 sharesCommon StockSEC:0001628280-26-046398:0
Canonical exit: 28 Sept 2026 (T+90)
372 shares@ US$32.240.0068% mcap50.2% of flowCommon StockSEC:0001628280-26-039007:0
372 shares@ US$32.240.0068% mcap24.8% of flowCommon StockSEC:0001628280-26-038399:0
372 shares@ US$32.240.0068% mcap34.2% of flowCommon StockSEC:0001628280-26-038384:0
372 shares@ US$32.240.0068% mcap15.1% of flowCommon StockSEC:0001628280-26-038411:0
372 shares@ US$32.240.0068% mcap4.9% of flowCommon StockSEC:0001628280-26-038386:0
372 shares@ US$32.240.0068% mcap16.3% of flowCommon StockSEC:0001628280-26-038380:0
6.102 shares@ US$36.500.1% of flowCommon StockSEC:0001628280-26-022741:0
Canonical exit: 29 Jun 2026 (T+90)
38.298 shares@ US$36.501.1% of flowCommon StockSEC:0001628280-26-022743:0
Canonical exit: 29 Jun 2026 (T+90)
49.786 shares@ US$36.502.6% of flowCommon StockSEC:0001628280-26-022738:0
Canonical exit: 29 Jun 2026 (T+90)
434 shares@ US$27.6324.3% of flowFNWDSEC:0001628280-26-022745:0
500 sharesCommon StockSEC:0001209191-10-035113:0
434 shares@ US$27.6349.8% of flowCommon StockSEC:0001628280-26-016844:0
419 shares@ US$36.609.8% of flowCommon StockSEC:0001628280-26-012710:0
39.183 shares@ US$35.561.1% of flowCommon StockSEC:0001628280-26-012707:0
Canonical exit: 30 Mar 2026 (T+90)
6.243 shares@ US$35.560.1% of flowCommon StockSEC:0001628280-26-012702:0
Canonical exit: 30 Mar 2026 (T+90)
50.937 shares@ US$35.562.6% of flowCommon StockSEC:0001628280-26-012712:0
Canonical exit: 30 Mar 2026 (T+90)
434 shares@ US$27.6316.2% of flowCommon StockSEC:0001437749-25-023507:0
434 shares@ US$27.6333.9% of flowCommon StockSEC:0001437749-25-023468:0
434 shares@ US$27.6315.0% of flowCommon StockSEC:0001437749-25-023393:0
434 shares@ US$27.634.8% of flowCommon StockSEC:0001437749-25-023028:0
25 of 160 declarations
About Finward Bancorp
Finward Bancorp (ticker: FNWD) is a U.S.-listed financial holding company traded on Nasdaq in the United States. For international investors, it is best understood as a regional community banking group with a focused footprint rather than a diversified financial conglomerate. The company’s principal operating subsidiary is Peoples Bank, an Indiana-chartered commercial bank, and it also owns NWIN Risk Management, Inc., a captive insurance company. In practical terms, Finward’s earnings profile is driven primarily by traditional banking activities: deposit gathering, lending, fee income from wealth management, and localized relationship banking.
The company’s history is rooted in Northwest Indiana. Finward Bancorp adopted its current name in May 2021, replacing NorthWest Indiana Bancorp, while the holding company itself dates back to 1994. The operating bank, Peoples Bank, has a much longer legacy, having been established in 1910. That long operating history matters because it signals an institution built over decades through local customer relationships, rather than through acquisitive expansion. Finward is headquartered in Munster, Indiana, in the broader Chicago-area market, and its branch footprint is concentrated across Northwest Indiana and the Chicagoland corridor. That geography gives the group a clearly regional identity and a customer base anchored in local households, small businesses, and community institutions.
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Finward’s core business lines are straightforward and familiar to U.S. bank analysts. On the retail side, it offers consumer checking and savings accounts, online and digital banking services, mortgages, and other personal lending products. On the commercial side, it provides business loans, treasury and cash-management solutions, and standard banking services for small and mid-sized enterprises. The group also emphasizes wealth management services, which can help diversify revenue away from spread income alone. Its captive insurance subsidiary is a supporting risk-management structure, but it does not change the fundamental nature of the business: Finward remains first and foremost a regional bank holding company.
From a competitive standpoint, FNWD operates in a crowded market where scale, funding costs, credit discipline, and service quality are critical. Its competitive advantage is not national scale; rather, it comes from local market knowledge, longstanding customer relationships, and a community banking model that can be attractive to depositors and borrowers seeking a more personal service experience. For investors, that means the company should be assessed mainly through credit quality, net interest margin, deposit stability, and execution in its core regional markets.
Recent company disclosures show that Finward released first-quarter 2026 results on April 28, 2026. In that update, management highlighted that 72.0% of deposits were fully FDIC insured, with another 7.5% backed by the Indiana Public Deposit Insurance Fund. That is a meaningful detail for risk assessment, particularly in a regional bank context where deposit composition and perceived safety are key investor issues. Finward has also been the subject of SEC Form 4 insider transaction filings in 2025, which can be relevant for monitoring insider sentiment and governance signals. Overall, FNWD is a conservative, locally anchored U.S. banking platform with a clearly defined regional franchise and a relatively simple business model.
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