BVFL (62) FCAP (58) FGBI (39) CZWI (60) ⌘ Pro Terminal →

Finward Bancorp (FNWD) — RQD Stock Rating Cockpit

$43.90 +0.48% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $43.85

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.

📊 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) →

ROARABLE C • HOLD / WATCH Cap $190.2M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $43.86 (-0.10%)🧬 Cannibal Buyback (-1.80% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 0.2% 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

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 B-

Each axis scored 0–20

12M PRICE TARGET CONE+3.1% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FNWD)Realized 20D OHLCV Swing Band: ±4.5%

Deterministic 5-Pillar Attribution (65/100 Composite)

🔍 WHY FNWD SCORES 65/100 (C) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Macro Regime Fit+15/20 pts (23% of score)

FRED Regime × Technicals: 87% of 52W Range • RSI-14 at 56.1 (BULLISH MOMENTUM)

▲ #2 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)

▼ #1 Drag / Risk Factor: Whale & Options Positioning11/20 pts (-9 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-9 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$41.17+1.8% Next Q

Q2 (-2Q)

Grade C$41.93+3.9% Next Q

Q3 (-1Q)

Grade C+$43.56+0.8% Next Q

Current

Grade C$43.90+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 ($38.08) invalidates the momentum regime and cuts Target Base ($45.28) toward Bear Floor ($35.32).

🎲 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 MOMENTUMBULLISH MOMENTUM

56.130 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 RANGE87% OF RANGE

L: $30$43.90H: $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: CRQD 25 / 40

3. Hidden Risks & Market Weather● ALL CLEAR

SEC fine-print scan & interest-rate fit

Clean SEC fine-print check with low hidden accounting risk and favorable interest-rate weather.

Factor Grade: B-RQD 28 / 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)

25/40 institutional & smart-money positioning score with 15/20 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

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

FNWD // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +36.42%▲ RESISTANCE BREAKOUT

2026-10-30O $43.68H $43.90L $43.31C $43.90VOL 3.9K

RES: $42.35SUP: $39.90SMA50: $42.68SMA200: $38.08

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 (#25)

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

Reverse-DCF Expectations Hurdle (#30)

17.3%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

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 #334 of 1096 ⚔️ 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 1096 tracked Financials securities in the Roarable RQD universe, Finward Bancorp (FNWD) ranks #334 by composite RQD confidence (65/100, grade C) and #892 by equity capitalization ($190.2M). 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. FNWD currently leads its immediate peer cohort in composite quantitative strength 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%	+0.48%	$190.2M	Benchmark Subject
BVFL BV Financial Inc.	C	62/100	14.0x	—	7.3%	+1.00%	$189.1M	/bvfl-vs-fnwd →
FCAP First Capital Inc.	D+	58/100	13.0x	—	11.9%	-1.39%	$213.4M	/fcap-vs-fnwd →
FGBI First Guaranty Bancshares Inc.	D-	39/100	—	—	-16.1%	+4.49%	$161.6M	/fgbi-vs-fnwd →
CZWI Citizens Community Bancorp Inc.	C-	60/100	15.8x	—	7.7%	-0.38%	$228.4M	/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 $0 (N/A vs. FY2024 revenue of $0 ) , 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	$0	$8.1M	$9.9M	$9.0M	$2.02B	—
FY2024 (FY)	2024-12-31	$0	$12.1M	$9.8M	$6.7M	$2.06B	—
FY2023 (FY)	2023-12-31	$0	$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 2026-11-01, 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 $43.90 (+0.48% 1D, market cap $190.2M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 11/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 15/20, and SEC Balance-Sheet Forensics 14/20. Across 1096 tracked Financials issuers, FNWD ranks #334 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 (62/100 RQD, P/E 14.0x, ROIC 7.3%, cap $189.1M) and FCAP (First Capital Inc.) posts a D+ grade (58/100 RQD, P/E 13.0x, ROIC 11.9%, cap $213.4M). 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 $0 in revenue, $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 $43.90 (+0.48% on volume of 13,686 shares), positioning the stock +2.86% above its 50-day simple moving average ($42.68) and +15.28% above its 200-day simple moving average ($38.08). Across its 52-week range of $30.05 to $45.90, FNWD sits at the 87.4% percentile with a 14-day RSI of 56.1 (BULLISH MOMENTUM) and an implied next-earnings move of ±4.5% ($41.92 to $45.88).

FNWD Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell FNWD stock right now?

Finward Bancorp (FNWD) currently earns a Roarable Rating of C (Hold — HOLD) with 65/100 RQD Confidence. Solid steady margins (5% return on capital), mixed timing at 24x P/E—hold if owned, no rush to chase.

What is FNWD's 12-month price target and RQD AI Jury consensus?

FNWD's 12-month base price target is $45.28 (range $35.32 to $53.43), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

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