Hovde Group downgraded Finward Bancorp from Outperform to Market Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/27/2026 | $41.00 | Overweight | Stephens |
| 3/17/2025 | Outperform → Market Perform | Hovde Group | |
| 9/6/2024 | $31.00 | Outperform | Hovde Group |
| 9/6/2024 | Market Perform → Outperform | Hovde Group | |
| 4/27/2023 | $30.00 | Outperform → Market Perform | Hovde Group |
| 1/13/2022 | $56.00 | Overweight | Stephens |
4 - Finward Bancorp (0000919864) (Issuer)
4 - Finward Bancorp (0000919864) (Issuer)
4 - Finward Bancorp (0000919864) (Issuer)
Stephens resumed coverage of Finward Bancorp with a rating of Overweight and set a new price target of $41.00
Hovde Group downgraded Finward Bancorp from Outperform to Market Perform
Hovde Group resumed coverage of Finward Bancorp with a rating of Outperform and set a new price target of $31.00
Earnings per diluted share of $0.73; $0.80 on an adjusted(1) basis is highest in Company history Return on average assets of 1.37%; 1.50% on an adjusted(1) basis Net interest margin on FTE basis(1) of 3.98% Loan growth of $240 million, or 7.1% on an annualized basis Net charge-offs 0.20% of total loans ROTCE of 18.0%; 19.7% on adjusted(1) basis Board of Directors approved quarterly dividend increase to $0.26 to be paid in 3Q26 Agreement to acquire Finward Bancorp, the holding company for Peoples Bank, in all stock transaction CINCINNATI, July 21, 2026 /PRNewswire/ -- First Financial Bancorp. (NASDAQ:FFBC) ("First Financial" or the "Company") announced financial results for the three and six
First Financial Bancorp. ("First Financial") has agreed to acquire Finward Bancorp ("Finward"), the holding company for Peoples Bank, headquartered in Munster, IndianaStrategically expands First Financial's presence in northwest Indiana and Chicago, with the addition of a low cost core deposit franchise and 24 locationsFinward has approximately $2.0 billion in assets, $1.7 billion in deposits, $1.5 billion in loans and $412 million in assets under managementTransaction is expected to be approximately 5% accretive to First Financial’s earnings per shareFirst Financial Bancorp. (NASDAQ:FFBC) and Finward Bancorp (NASDAQ:FNWD) jointly announced today that they have entered into an agreement by w
Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward"), the holding company for Peoples Bank (the "Bank"), today announced that on June 3, 2026 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on June 29, 2026 to shareholders of record at the close of business on June 17, 2026. About Finward Bancorp Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business, electronic and wealth management financial services from its 24 locations in Lake a
4 - Finward Bancorp (0000919864) (Issuer)
4 - Finward Bancorp (0000919864) (Issuer)
4 - Finward Bancorp (0000919864) (Issuer)
MUNSTER, Ind., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward"), the holding company for Peoples Bank, an Indiana state-chartered commercial bank (the "Bank"), today announced that the Boards of the Bancorp and the Bank have appointed Martin P. Alwin, Jennifer R. Evans, and Carolyn M. Burke to serve as directors of the Bancorp and the Bank, effective as of September 9, 2024. Mr. Alwin, Ms. Evans, and Ms. Burke each have a wealth of experience in the financial institutions industry, including in the areas of balance sheet management, enterprise risk management, legal and regulatory compliance, strategic initiatives, and finance. Mr. Alwin and M
Munster, Ind, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward") and its wholly-owned subsidiary, Peoples Bank (the "Bank" or "Peoples"), announced today the appointment of Benjamin Schmitt as the Senior Vice President, Chief Financial Officer, and Treasurer of the Bancorp and the Bank, effective February 20, 2024. Mr. Schmitt brings a wealth of experience and expertise to his new role, having spent nearly two decades in the investment banking and corporate advisory industry covering financial institutions primarily within the community banking sector. Most recently, he served as President of Rally Consulting LLC, advising on special projects an
MUNSTER, Ind., June 23, 2023 (GLOBE NEWSWIRE) -- Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward") and its wholly-owned subsidiary, Peoples Bank (the "Bank" or "Peoples"), today announced the appointment of David J. Kwait as the Senior Vice President, General Counsel, Corporate Secretary, and Chief Risk Officer of the Bancorp and the Bank, with the appointment to be effective as of June 30, 2023. Mr. Kwait joined the Bank in 2011, when he was hired as an Assistant Vice President, Staff Attorney, Legal Counsel, and Wealth Management Officer. Since then, he has quickly risen through the ranks, holding titles of Assistant Corporate Secretary of the Bancorp and Peoples Bank; Vic
Earnings per diluted share of $0.73; $0.80 on an adjusted(1) basis is highest in Company history Return on average assets of 1.37%; 1.50% on an adjusted(1) basis Net interest margin on FTE basis(1) of 3.98% Loan growth of $240 million, or 7.1% on an annualized basis Net charge-offs 0.20% of total loans ROTCE of 18.0%; 19.7% on adjusted(1) basis Board of Directors approved quarterly dividend increase to $0.26 to be paid in 3Q26 Agreement to acquire Finward Bancorp, the holding company for Peoples Bank, in all stock transaction CINCINNATI, July 21, 2026 /PRNewswire/ -- First Financial Bancorp. (NASDAQ:FFBC) ("First Financial" or the "Company") announced financial results for the three and six
Finward Bancorp (NASDAQ:FNWD) (the "Bancorp" or "Finward"), the holding company for Peoples Bank (the "Bank"), today announced that on June 3, 2026 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward's common stock payable on June 29, 2026 to shareholders of record at the close of business on June 17, 2026. About Finward Bancorp Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business, electronic and wealth management financial services from its 24 locations in Lake a
Finward Bancorp (NASDAQ:FNWD) (the "Bancorp"), the holding company for Peoples Bank (the "Bank"), today announced that net income available to common stockholders was $2.2 million, or $0.52 per diluted share, for the quarter ended March 31, 2026, as compared to $2.0 million, or $0.46 per diluted share, for the quarter ended December 31, 2025. Selected performance metrics are as follows for the periods presented: Performance Ratios Quarter ended 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Return on equity 5.00
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