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Stock Ratings / Financials / FNWD
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Finward Bancorp (FNWD) — RQD Stock Rating Cockpit

$44.42 +2.56% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $44.54

Finward Bancorp (FNWD) carries a Roarable Rating of C (Hold) with 65/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

ROARABLE C • HOLD / WATCH Cap $187.7M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on FNWD Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FNWD stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Finward Bancorp (NASDAQ: FNWD) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 65/100 at a spot price of $44.42 (+2.56% 1D, market cap $187.7M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 13/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 13/20, and Executive Insider Alignment 14/20. Across 1097 tracked Financials issuers, FNWD ranks #253 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FNWD compare to BVFL and FCAP in the Financials sector?
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Within the Financials sector (Savings Institutions), FNWD carries a Roarable C (65/100 RQD), trailing P/E of 23.5x, gross margin of —, and ROIC of 4.6%. By comparison, BVFL (BV Financial Inc.) holds a C+ grade (67/100 RQD, P/E 14.0x, ROIC 7.3%, cap $185.5M) and FCAP (First Capital Inc.) posts a C grade (65/100 RQD, P/E 13.0x, ROIC 11.9%, cap $209.4M). Among the 5-stock peer group, FCAP leads on earnings multiple (13.0x) while FCAP leads on capital efficiency (11.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FNWD?
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Per FNWD's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000919864), Finward Bancorp generated $848.9M in revenue (-1.9% YoY), $8.1M in net income, and $9.0M in free cash flow against $2.02B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $44.54 (+0.27%)🧬 Cannibal Buyback (-1.80% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 1.1% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 65/100 (C) historically posted market-perform odds over rolling 90-day windows (+1.3% avg 90D alpha vs SPY • 55.6% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERHOLD / WATCH • C
025507510065
JEV AI Jury Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C · Rk C
Cash (12)Whales (13)SEC (13)Macro (13)CEO (14)
Each axis scored 0–20
12M PRICE TARGET CONE+3.2% Base Target
$54 Bull$46 Base$36 Bear
📬 FREE FNWD RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FNWD)Realized 20D OHLCV Swing Band: ±4.4%
Deterministic 5-Pillar Attribution (65/100 Composite)
🔍 WHY FNWD SCORES 65/100 (C) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Insider Conviction & Share Dilution+14/20 pts (22% of score)

SEC Form 4 / 13F Thermometer: 70% Net Buy • Cannibal Buyback (-1.80% YoY Shares)

▲ #2 Bullish Driver: Whale & Options Positioning+13/20 pts (20% of score)

20D Institutional Volume Accumulation (±4.4% realized swing band)

▼ #1 Drag / Risk Factor: Cash Engine Quality12/20 pts (-8 pt drag)

Capital intensity & 0% operating margin leave 8 pts on the table

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
57
Grade C$41.42+2.4% Next Q
Q2 (-2Q)
60
Grade C$42.43+3.2% Next Q
Q3 (-1Q)
62
Grade C+$43.79+1.4% Next Q
Current
65
Grade C$44.42+1.3% Hist 90D α
Trajectory: C (57) → C (65)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the FNWD Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 65/100 (C) score, FNWD faces multiple-compression risk if 23.5x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.80% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($42.68) or 200D SMA ($38.16) invalidates the momentum regime and cuts Target Base ($45.82) toward Bear Floor ($35.74).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FNWD• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “FNWD Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 65%NO 35%Trade / Inspect Odds →
RSI-14 MOMENTUMNEUTRAL RANGE
54.530 Oversold · 70 Hot
ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)
3.80>3.0 Fortress Safe
PIOTROSKI F-SCOREWEAK QUALITY (1–4)
4 / 99-Pt Accounting
52-WEEK LASER RANGE91% OF RANGE
L: $30$44.42H: $46
1. Money & Cash Health● MIXED
Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: C-RQD 12 / 20
2. Big Money & Insiders● NEUTRAL
Are whales & executives buying or selling?

Big funds and company insiders are mostly holding steady without aggressive buying or panic selling.

Factor Grade: C+RQD 27 / 40
3. Hidden Risks & Market Weather● WATCH
SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: CRQD 26 / 40
MULTI-MODEL JEV QUANT JURY DELIBERATION

JEV AI Jury Split (Battleground) on FNWD

Cash & Moat Bull AI
ROIC & Free Cash Flow Model
NEUTRAL (60)

4.6% ROIC with 42.0% gross margin and 4.76% FCF yield.

SEC Forensic Auditor AI
10-K Accruals & Altman-Z Guard
NEUTRAL (65)

Altman-Z 4.20 and Piotroski 4/9 pass balance-sheet audit.

Whale & Macro Hawk AI
Options Skew, 13F & Fed NetLiq
BULLISH (67)

27/40 institutional & smart-money positioning score with 13/20 macro alignment.

Bull Case: Why Buyers Like FNWD
  • ✓Company leadership has skin in the game with net positive insider conviction.
Bear Case: What Could Go Wrong
  • !Broader market pullbacks can still drag down strong stocks in the short run.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Quantitative Research Desk

Scheduled RQD Strong Buys & Whale Accumulation Briefing (FNWD Tape Review)

  • ✓Breakdown of the highest-scoring RQD Green-Light breakouts across our 5,200+ rated universe
  • ✓Forensic Red-Light accounting & dilution traps to review on your watchlist
  • ✓Includes downloadable .ics calendar invite & nightly RQD rating-change email alerts
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FNWD // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +46.41%⚡ TESTING RESISTANCE
2026-11-03O $43.90H $44.42L $43.31C $44.42VOL 3.9K
RES: $44.55SUP: $39.77SMA50: $42.68SMA200: $38.16
$47.01$42.41$37.82$33.22$28.62RES $44.55SUP $39.77$44.422026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FNWD Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FNWD Butterfly Map → + Track FNWD →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
17.3%/yr Implied 5Y Growth

vs. -1.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on FNWD today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FNWD. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for FNWD today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FNWD)

Financials Rank #253 of 1097 ⚔️ BVFL vs FNWD Full Matrix →

1. Head-to-Head Financials Peer Comparison (FNWD vs. BVFL, FCAP, FGBI, CZWI)

Industry: Savings Institutions (33 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Finward Bancorp (FNWD) ranks #253 by composite RQD confidence (65/100, grade C) and #892 by equity capitalization ($187.7M). Within this direct 5-issuer industry benchmark cohort, FCAP leads on earnings valuation at 13.0x trailing P/E, while FCAP leads on capital efficiency and profitability with 11.9% ROIC and — gross margin. BVFL currently holds the highest overall quantitative score in the immediate peer group at 67/100 (C+) compared with FNWD at 65/100 (C).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
FNWD ACTIVE
Finward Bancorp
C 65/100 23.5x — 4.6% +2.56% $187.7M Benchmark Subject
BVFL
BV Financial Inc.
C+ 67/100 14.0x — 7.3% +0.78% $185.5M /bvfl-vs-fnwd →
FCAP
First Capital Inc.
C 65/100 13.0x — 11.9% +2.48% $209.4M /fcap-vs-fnwd →
FGBI
First Guaranty Bancshares Inc.
D- 39/100 — — -16.1% +7.09% $158.6M /fgbi-vs-fnwd →
CZWI
Citizens Community Bancorp Inc.
C 62/100 15.8x — 7.7% +0.73% $226.1M /czwi-vs-fnwd →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000919864 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Finward Bancorp (FNWD) reported GAAP revenue of $848.9M (-1.9% vs. FY2024 revenue of $865.5M , and +822.7% cumulative change since FY2023) , GAAP net income of $8.1M, operating cash flow of $9.9M, and free cash flow of $9.0M (+34.4% YoY). On the balance sheet, FNWD closed FY2025 with $2.02B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 4/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $848.9M $8.1M $9.9M $9.0M $2.02B —
FY2024 (FY) 2024-12-31 $865.5M $12.1M $9.8M $6.7M $2.06B —
FY2023 (FY) 2023-12-31 $92.0M $8.4M $24.2M $24.2M — —

3. FNWD Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FNWD stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Finward Bancorp (NASDAQ: FNWD) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 65/100 at a spot price of $44.42 (+2.56% 1D, market cap $187.7M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 13/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 13/20, and Executive Insider Alignment 14/20. Across 1097 tracked Financials issuers, FNWD ranks #253 in composite RQD confidence.

How does FNWD compare to BVFL and FCAP in the Financials sector?

Within the Financials sector (Savings Institutions), FNWD carries a Roarable C (65/100 RQD), trailing P/E of 23.5x, gross margin of —, and ROIC of 4.6%. By comparison, BVFL (BV Financial Inc.) holds a C+ grade (67/100 RQD, P/E 14.0x, ROIC 7.3%, cap $185.5M) and FCAP (First Capital Inc.) posts a C grade (65/100 RQD, P/E 13.0x, ROIC 11.9%, cap $209.4M). Among the 5-stock peer group, FCAP leads on earnings multiple (13.0x) while FCAP leads on capital efficiency (11.9% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FNWD?

Per FNWD's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000919864), Finward Bancorp generated $848.9M in revenue (-1.9% YoY), $8.1M in net income, and $9.0M in free cash flow against $2.02B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FNWD trading relative to its 50-day, 200-day, and 52-week technical levels?

FNWD last traded at $44.42 (+2.56% on volume of 9,265 shares), positioning the stock +4.08% above its 50-day simple moving average ($42.68) and +16.40% above its 200-day simple moving average ($38.16). Across its 52-week range of $30.05 to $45.90, FNWD sits at the 90.7% percentile with a 14-day RSI of 54.5 (NEUTRAL RANGE) and an implied next-earnings move of ±4.4% ($42.47 to $46.37).

Direct Sub-Reports: FNWD RQD Cockpit FNWD 12M Forecast FNWD Earnings & Move FNWD Dividends & DRIP FNWD Insiders & 13F FNWD Whale Options FNWD Profit Sankey FNWD News & Why
ROARABLE RATING BRIEF • RQD 65/100 (C) ✓ SEC XBRL & RQD VERIFIED

FNWD — Finward Bancorp: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Finward Bancorp (FNWD) earns a live Roarable RQD composite score of 65/100, corresponding to a C letter grade (Roarable Hold) at a spot price of $44.42 (+2.56% 1D, market capitalization $187.7M).

  • Fundamental Cash Engine (12/20): Anchored by return on invested capital (ROIC) of 4.6%, gross margin of —, operating margin of —, and free cash flow yield of 4.76%.
  • Whale 13F & Options Flow (13/20) + Insider Conviction (14/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (13/20) + Forensic Balance Sheet (13/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 4/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Finward Bancorp (FNWD) is listed on NASDAQ and classified in the Financials sector, Savings Institutions industry, and profile. The profile describes it as a Financials issuer operating in Savings Institutions. — describes its specific products, customer base, or revenue mechanics. The butterfly supply-chain graph lists its supply chain as NONE.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Finward Bancorp (FNWD) reported $848.9M in annual revenue (up from $865.5M in FY2024, -1.9% YoY) and $8.1M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($92.0M revenue, $8.4M net income) through FY2025, FNWD scaled operating cash flow to $9.9M and free cash flow to $9.0M, backed by $2.02B in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (C • RQD 65/100): Company leadership has skin in the game with net positive insider conviction. Free cash flow yield of 4.76% and institutional whale pillar of 13/20. With Fundamental Cash Engine at 12/20 and Institutional Whale Flow at 13/20, sustained execution supports upside toward the upper end of the $30.05 – $45.90 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Broader market pullbacks can still drag down strong stocks in the short run. Investors must weigh 23.5x trailing P/E against — operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

— The butterfly supply-chain graph lists supply chain as NONE, with no upstream or downstream links and no proprietary signals, so no supply-chain dependencies or sector correlations can be identified from the source data.

  • Key Question #1: Can FNWD sustain or expand its — operating margin and 4.6% ROIC against Savings Institutions peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $848.9M and free cash flow of $9.0M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is FNWD's 21.9x forward P/E multiple to Financials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

FNWD Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Finward Bancorp (FNWD) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FNWD Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FNWD Bull vs. Bear Conversation Board — What's Your Call at $44.42?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FNWD 🐻 33% BEARISH CONVICTION
1. Pick Your Side on FNWD:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
MA MacroHawk_NYC RQD DEBATE OPENER • Cross-Asset Macro Desk 🐂 BULLISH 🎯 Target: $50.67 (+17.0%)
📌 Pinned Debate

The RQD rating scores insider conviction and macro regime fit at 14/20 each, with the stock trading at a 4.76% FCF yield and a 0.82% di

The street is overcomplicating Finward Bancorp (FNWD). The RQD rating scores insider conviction and macro regime fit at 14/20 each, with the stock trading at a 4.76% FCF yield and a 0.82% dividend yield.. With an RQD score of 65/100 (C) and Forensic Balance Sheet at 13/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $46.77.

EarningsSniper 🐂 BULL

@RedlineAuditor Shorting a 13/20 institutional whale-flow stock at $43.31 is dangerous when funds are rotating into Financials.

RE RedlineAuditor RQD DEBATE OPENER • Accounting Quality Watch 🐻 BEARISH 🎯 Target: $32.92 (-24.0%)
Spot @ $43.31

The most recent news item is flagged RED for missing estimates by $0.43 EPS, while ROIC of 4.6% and the Fundamental Cash Engine pillar

The most recent news item is flagged RED for missing estimates by $0.43 EPS, while ROIC of 4.6% and the Fundamental Cash Engine pillar at 12/20 signal weak cash generation.. Look at the math on FNWD: paying 23.5x trailing P/E for 4.6% ROIC and 0.0% operating margins leaves zero margin of safety if Savings Institutions demand softens. I'd wait for a retest of $38.11 before getting long.

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