Finward Bancorp (NASDAQ:FNWD) and TC Bancshares (NASDAQ:TCBC) Head to Head Analysis

Finward Bancorp (NASDAQ:FNWD) and TC Bancshares (NASDAQ:TCBC) are both small-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their institutional ownership, risk, dividends, profitability, analyst recommendations, earnings and valuation.

Earnings & Valuation

This table compares Finward Bancorp and TC Bancshares”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Finward Bancorp	$70.21 million	1.79	$12.13 million	$2.83	10.29
TC Bancshares	$14.76 million	4.18	$600,000.00	N/A	N/A

Finward Bancorp has higher revenue and earnings than TC Bancshares.

Dividends

Finward Bancorp pays an annual dividend of $0.48 per share and has a dividend yield of 1.6%. TC Bancshares pays an annual dividend of $0.10 per share and has a dividend yield of 0.6%. Finward Bancorp pays out 17.0% of its earnings in the form of a dividend.

Analyst Ratings

This is a summary of recent ratings for Finward Bancorp and TC Bancshares, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Finward Bancorp	0	1	0	0	2.00
TC Bancshares	0	0	0	0	0.00

Finward Bancorp currently has a consensus price target of $31.00, indicating a potential upside of 6.49%. Given Finward Bancorp’s stronger consensus rating and higher possible upside, research analysts plainly believe Finward Bancorp is more favorable than TC Bancshares.

Risk & Volatility

Finward Bancorp has a beta of 0.53, suggesting that its share price is 47% less volatile than the S&P 500. Comparatively, TC Bancshares has a beta of 0.13, suggesting that its share price is 87% less volatile than the S&P 500.

Institutional and Insider Ownership

26.6% of Finward Bancorp shares are owned by institutional investors. Comparatively, 23.6% of TC Bancshares shares are owned by institutional investors. 13.7% of Finward Bancorp shares are owned by insiders. Comparatively, 9.6% of TC Bancshares shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Profitability

This table compares Finward Bancorp and TC Bancshares’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Finward Bancorp	10.85%	7.91%	0.58%
TC Bancshares	N/A	N/A	N/A

Summary

Finward Bancorp beats TC Bancshares on 11 of the 13 factors compared between the two stocks.

About Finward Bancorp

Finward Bancorp operates as the holding company for Peoples Bank that provides various banking products and services. The company’s deposit products include non-interest- and interest-bearing demand accounts, savings accounts, money market deposit accounts, certificate accounts, and retirement savings plans. Its loan products portfolio comprises residential mortgage loans that enable borrowers to purchase existing homes, refinance existing homes, or construct new homes; construction loans primarily to individuals and contractors; commercial real estate loans; consumer loans to individuals for personal, household, or family purposes; home equity line of credit; home improvement loans and equity loans; commercial business loans; government loans; and loans to municipalities. The company also offers estate and retirement planning, custodial services, guardianships, IRA accounts, and investment agency accounts, as well as serves as the personal representative of estates, and acts as trustee for revocable and irrevocable trusts. In addition, it provides insurance and annuity investments to wealth management customers; holds real estate properties; and operates as a real estate investment trust. The company was formerly known as NorthWest Indiana Bancorp and changed its name to Finward Bancorp in May 2021. Finward Bancorp was founded in 1916 and is headquartered in Munster, Indiana.

About TC Bancshares

TC Bancshares, Inc. operates as the holding company for TC Federal Bank that provides various banking services for individual and commercial customers in the United States. It accepts various deposit products, including personal checking accounts, business checking accounts, savings accounts, money market accounts, and certificates of deposit. The company also offers lending products comprising single-family residential loans, home equity lines of credit, closed-end home equity loans, consumer loans, commercial and multi-family residential real estate loans, commercial and industrial loans, construction loans, land development loans, and SBA/USDA guaranteed loans. It operates branches in Thomasville, Georgia and Tallahassee, Florida, as well as loan production offices in Savannah, Georgia, and Jacksonville, Florida. The company was founded in 1934 and is based in Thomasville, Georgia.