FNWDNasdaqSavings Institution, Federally CharteredFiscal year ends December 31
Finward Bancorp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$41.61−0.32 (-0.76%)
Close on Oct 19, 2026
- Market cap
- $179.72M
- P/E (TTM)
- 18.3
- Dividend yield
- 0.87%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
46.8%
2M of 4M shares
Institutional holders
72
15 new, 18 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
16 buys · 0 sales
Net bought $14.56K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| AllianceBernstein L.P. | 403,704 | 9.30% | 13G (passive) amendment | Sep 30, 2025 |
| Benjamin J. Bochnowski | 400,627 | 9.30% | 13D (active) amendment | Nov 22, 2024 |
| John W. Palmer | 355,292 | 8.20% | 13D (active) amendment | Sep 5, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of FNWD | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Alliancebernstein L.P. | 417,190 | 9.63% | $15.14M | +3,455 | 0.01% |
| PL Capital Advisors, LLC | 395,716 | 9.13% | $14.55M | – | 4.05% |
| Vanguard Capital Management LLC | 162,149 | 3.74% | $5.96M | −153 | 0.00% |
| Finward Bancorp | 131,360 | 3.03% | $4.83M | −200 | 3.66% |
| Endeavour Capital Advisors Inc | 99,543 | 2.30% | $3.66M | – | 0.75% |
| Elizabeth Park Capital Advisors, Ltd. | 57,622 | 1.33% | $2.12M | New | 1.46% |
| Wellington Management Group Llp | 53,656 | 1.24% | $1.97M | −1,554 | 0.00% |
| Raffles Associates LP | 53,160 | 1.23% | $1.96M | +26,580 | 0.86% |
| Renaissance Technologies LLC | 45,300 | 1.05% | $1.67M | +200 | 0.00% |
| Hotchkis & Wiley Capital Management LLC | 44,940 | 1.04% | $1.65M | +300 | 0.00% |
| Geode Capital Management, LLC | 41,970 | 0.97% | $1.54M | −38,680 | 0.00% |
| Acadian Asset Management LLC | 41,375 | 0.95% | $1.52K | +561 | 0.00% |
| Caldwell Trust Co | 40,430 | 0.93% | $1.49M | – | 0.12% |
| Millennium Management LLC | 36,086 | 0.83% | $1.33M | New | 0.00% |
| Fifth Third Bancorp | 29,805 | 0.69% | $1.10M | +28,805 | 0.00% |
| Dimensional Fund Advisors LP | 23,881 | 0.55% | $878.07K | −297 | 0.00% |
| Vanguard Fiduciary Trust Co | 23,808 | 0.55% | $875.66K | +310 | 0.00% |
| Fiduciary Trust Co | 23,330 | 0.54% | $858.08K | +13,640 | 0.01% |
| BlackRock, Inc. | 22,503 | 0.52% | $827.66K | −137,740 | 0.00% |
| Fourthstone LLC | 20,976 | 0.48% | $771.50K | New | 0.55% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 72 | 2M | 46.8% | 15 / 19 | 22 / 18 | 0M | 0M |
| Q1 2026 | 77 | 2M | 48.4% | 12 / 19 | 22 / 5 | 0M | 0M |
| Q4 2025 | 71 | 2M | 48.2% | 13 / 28 | 13 / 2 | 0M | 0M |
| Q3 2025 | 60 | 2M | 44.8% | 17 / 16 | 12 / 5 | 0M | 0M |
| Q2 2025 | 48 | 2M | 41.7% | 17 / 14 | 6 / 5 | 0M | 0M |
| Q1 2025 | 36 | 2M | 36.4% | 2 / 11 | 8 / 2 | 0M | 0M |
| Q4 2024 | 36 | 2M | 36.5% | 5 / 10 | 6 / 1 | 0M | 0M |
| Q3 2024 | 32 | 1M | 31.9% | 6 / 7 | 5 / 1 | 0M | 0M |
| Q2 2024 | 28 | 1M | 31.0% | 3 / 9 | 7 / 1 | 0M | 0M |
| Q1 2024 | 26 | 1M | 29.5% | 3 / 9 | 8 / 2 | 0M | 0M |
| Q4 2023 | 25 | 1M | 27.3% | 5 / 8 | 6 / 1 | 0M | 0M |
| Q3 2023 | 22 | 1M | 26.0% | 0 / 5 | 11 / 1 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of FNWD | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 111,889 | 2.58% | $4.12M | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 45,782 | 1.06% | $1.68M | 0.00% | Jun 30, 2026 |
| Vanguard Russell 2000 Index Fund | 17,493 | 0.40% | $576.92K | 0.00% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 17,219 | 0.40% | $567.88K | 0.00% | May 31, 2026 |
| iShares Micro-Cap ETF | 11,927 | 0.28% | $438.68K | 0.03% | Jun 30, 2026 |
| Hotchkis and Wiley Small Cap Diversified Value Fund | 11,300 | 0.26% | $415.61K | 0.05% | Jun 30, 2026 |
| SmallCap Value Fund II | 6,900 | 0.16% | $306.77K | 0.02% | Jul 31, 2026 |
| Fidelity Total Market Index Fund | 6,466 | 0.15% | $213.25K | 0.00% | May 31, 2026 |
| Fidelity Series Total Market Index Fund | 5,650 | 0.13% | $186.34K | 0.00% | May 31, 2026 |
| Dimensional U.S. Core Equity 2 ETF | 5,104 | 0.12% | $226.92K | 0.00% | Jul 31, 2026 |
| Avantis U.S. Small Cap Value ETF | 4,543 | 0.10% | $149.83K | 0.00% | May 31, 2026 |
| AST Small-Cap Equity Portfolio | 4,500 | 0.10% | $165.51K | 0.01% | Jun 30, 2026 |
| Multi-Manager Small Cap Equity Strategies Fund | 4,100 | 0.09% | $135.22K | 0.01% | May 31, 2026 |
| Empower Small Cap Value Fund | 3,100 | 0.07% | $114.02K | 0.02% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 2,970 | 0.07% | $132.05K | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Benjamin J. Bochnowski | President, CEO, Director | 32,560 | 0.75% | Sep 28, 2026 |
| Robert T. Lowry | Executive Vice President | 29,735 | 0.69% | Sep 28, 2026 |
| Todd M. Scheub | Executive Vice President | 18,837 | 0.43% | Sep 28, 2026 |
| Benjamin Louis Schmitt | Chief Financial Officer | 5,996 | 0.14% | Feb 27, 2026 |
| Anthony Puntillo | Director | 5,704 | 0.13% | Sep 28, 2026 |
| Robert E. Johnson III | Director | 3,753 | 0.09% | Jul 2, 2026 |
| Amy Wong Han | Director | 8,560 | 0.20% | Jul 1, 2026 |
| Jennifer Evans | Director | 806 | 0.02% | May 29, 2026 |
| Martin P. Alwin | Director | 2,717 | 0.06% | May 27, 2026 |
| Joel Gorelick | Director | 51,967 | 1.20% | May 27, 2026 |
| Robert W. Youman | Director | 27,491 | 0.63% | May 27, 2026 |
| Danette Garza | Director | 7,053 | 0.16% | Apr 1, 2026 |
| Carolyn M. Burke | Director | 4,384 | 0.10% | Jul 18, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Anthony Puntillo Director | Sep 25, 2026 | Buy | +5.38 | $43.46 | $234 | 2,326 |
| Robert T. Lowry Executive Vice President | Sep 25, 2026 | Buy | +42.07 | $43.48 | $1.83K | 15,286 |
| Benjamin J. Bochnowski President, CEO, Director | Sep 25, 2026 | Buy | +5.16 | $43.48 | $224 | 1,874 |
| Todd M. Scheub Executive Vice President | Sep 25, 2026 | Buy | +32.36 | $43.48 | $1.41K | 11,759 |
| Robert E. Johnson III Director | Jun 30, 2026 | Buy | +5.45 | $35.75 | $195 | 3,753 |
| Amy Wong Han Director | Jun 30, 2026 | Buy | +3.59 | $35.75 | $128 | 8,560 |
| Benjamin J. Bochnowski President, CEO, Director | Jun 30, 2026 | Buy | +6.21 | $36.00 | $224 | 1,868 |
| Todd M. Scheub Executive Vice President | Jun 30, 2026 | Buy | +38.96 | $36.00 | $1.40K | 11,727 |
| Anthony Puntillo Director | Jun 30, 2026 | Buy | +6.52 | $35.75 | $233 | 2,321 |
| Robert T. Lowry Executive Vice President | Jun 30, 2026 | Buy | +50.64 | $36.00 | $1.82K | 15,244 |
| Robert E. Johnson III Director | May 22, 2026 | Award | +372 | $32.24 | $11.99K | 3,747 |
| Jennifer Evans Director | May 22, 2026 | Award | +372 | $32.24 | $11.99K | 806 |
| Amy Wong Han Director | May 22, 2026 | Award | +372 | $32.24 | $11.99K | 8,557 |
| Anthony Puntillo Director | May 22, 2026 | Award | +372 | $32.24 | $11.99K | 2,315 |
| Martin P. Alwin Director | May 22, 2026 | Award | +372 | $32.24 | $11.99K | 806 |
| Robert W. Youman Director | May 22, 2026 | Award | +372 | $32.24 | $11.99K | 806 |
| Joel Gorelick Director | May 22, 2026 | Award | +372 | $32.24 | $11.99K | 2,492 |
| Benjamin J. Bochnowski President, CEO, Director | Mar 31, 2026 | Buy | +6.1 | $36.50 | $223 | 1,862 |
| Robert T. Lowry Executive Vice President | Mar 31, 2026 | Buy | +49.79 | $36.50 | $1.82K | 15,194 |
| Todd M. Scheub Executive Vice President | Mar 31, 2026 | Buy | +38.3 | $36.50 | $1.40K | 11,688 |
| Benjamin Louis Schmitt Chief Financial Officer | Feb 25, 2026 | Award | +419 | $36.60 | $15.34K | 5,996 |
| Todd M. Scheub Executive Vice President | Feb 25, 2026 | Award | +529 | $36.60 | $19.36K | 7,078 |
| Benjamin J. Bochnowski President, CEO, Director | Feb 25, 2026 | Award | +697 | $36.60 | $25.51K | 30,686 |
| Robert T. Lowry Executive Vice President | Feb 25, 2026 | Award | +369 | $36.60 | $13.51K | 11,216 |
| Todd M. Scheub Executive Vice President | Dec 30, 2025 | Buy | +39.18 | $35.56 | $1.39K | 11,649 |
| Benjamin J. Bochnowski President, CEO, Director | Dec 30, 2025 | Buy | +6.24 | $35.56 | $222 | 1,856 |
| Robert T. Lowry Executive Vice President | Dec 30, 2025 | Buy | +50.94 | $35.56 | $1.81K | 15,144 |
| Danette Garza Director | Jul 11, 2025 | Award | +434 | $27.63 | $11.99K | 6,453 |
| Jennifer Evans Director | Jul 11, 2025 | Award | +434 | $27.63 | $11.99K | 434 |
| Anthony Puntillo Director | Jul 11, 2025 | Award | +434 | $27.63 | $11.99K | 1,927 |
| Joel Gorelick Director | Jul 11, 2025 | Award | +434 | $27.63 | $11.99K | 2,120 |
| Amy Wong Han Director | Jul 11, 2025 | Award | +434 | $27.63 | $11.99K | 8,178 |
| Robert W. Youman Director | Jul 11, 2025 | Award | +434 | $27.63 | $11.99K | 434 |
| Robert E. Johnson III Director | Jul 11, 2025 | Award | +434 | $27.63 | $11.99K | 3,363 |
| Martin P. Alwin Director | Jul 11, 2025 | Award | +434 | $27.63 | $11.99K | 434 |
| Carolyn M. Burke Director | Jul 11, 2025 | Award | +434 | $27.63 | $11.99K | 4,384 |
| Benjamin Louis Schmitt Chief Financial Officer | Jun 13, 2025 | Buy | +500 | $28.99 | $14.50K | 5,577 |
| Benjamin J. Bochnowski President, CEO, Director | Jun 13, 2025 | Buy | +100 | $29.00 | $2.90K | 29,989 |
| Benjamin J. Bochnowski President, CEO, Director | Jun 12, 2025 | Buy | +260 | $29.75 | $7.74K | 29,889 |
| Robert T. Lowry Executive Vice President | May 12, 2025 | Buy | +58.9 | $30.52 | $1.80K | 15,037 |
| Todd M. Scheub Executive Vice President | May 12, 2025 | Buy | +45.31 | $30.52 | $1.38K | 11,567 |
| Benjamin J. Bochnowski President, CEO, Director | May 12, 2025 | Buy | +7.22 | $30.52 | $220 | 1,843 |
| Todd M. Scheub Executive Vice President | Apr 27, 2025 | Sale | −375 | $30.92 | $11.60K | 6,549 |
| Benjamin J. Bochnowski President, CEO, Director | Mar 12, 2025 | Buy | +1,000 | $28.70 | $28.70K | 29,629 |
| Robert W. Youman Director | Mar 11, 2025 | Buy | +1,400 | $27.76 | $38.86K | 22,773 |
| Benjamin Louis Schmitt Chief Financial Officer | Mar 11, 2025 | Buy | +400 | $27.83 | $11.13K | 5,077 |
| Benjamin J. Bochnowski President, CEO, Director | Mar 10, 2025 | Buy | +579 | $27.98 | $16.20K | 28,629 |
| Benjamin J. Bochnowski President, CEO, Director | Mar 7, 2025 | Buy | +160 | $27.96 | $4.47K | 28,050 |
| Benjamin Louis Schmitt Chief Financial Officer | Feb 28, 2025 | Buy | +500 | $26.56 | $13.28K | 4,677 |
| Martin P. Alwin Director | Feb 28, 2025 | Buy | +94 | $26.70 | $2.51K | 1,911 |
| Martin P. Alwin Director | Feb 28, 2025 | Buy | +817 | $26.71 | $21.82K | 1,817 |
| Carolyn M. Burke Director | Feb 27, 2025 | Buy | +550 | $26.45 | $14.55K | 3,200 |
| Carolyn M. Burke Director | Feb 24, 2025 | Buy | +350 | $26.50 | $9.28K | 2,650 |
| Robert T. Lowry Executive Vice President | Feb 14, 2025 | Award | +197 | $26.65 | $5.25K | 10,847 |
| Benjamin Louis Schmitt Chief Financial Officer | Feb 14, 2025 | Award | +176 | $26.65 | $4.69K | 4,177 |
| Todd M. Scheub Executive Vice President | Feb 14, 2025 | Award | +257 | $26.65 | $6.85K | 6,924 |
| Robert T. Lowry Executive Vice President | Feb 11, 2025 | Returned to company | −411 | $26.38 | $10.84K | 10,650 |
| Benjamin J. Bochnowski President, CEO, Director | Feb 11, 2025 | Returned to company | −991 | $26.38 | $26.14K | 27,890 |
| Todd M. Scheub Executive Vice President | Feb 11, 2025 | Returned to company | −427 | $26.38 | $11.26K | 6,667 |
| Benjamin Louis Schmitt Chief Financial Officer | Feb 7, 2025 | Buy | +500 | $27.00 | $13.50K | 4,001 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.