Bankwell Financial Group (NASDAQ:BWFG) Announces Quarterly Earnings Results, Beats Estimates By $0.32 EPS

Bankwell Financial Group (NASDAQ:BWFG) released its quarterly earnings data on Monday. The bank reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.32, Yahoo Finance reports. Bankwell Financial Group had a return on equity of 8.76% and a net margin of 11.76%. The business had revenue of $49.35 million during the quarter.

Bankwell Financial Group Trading Down 0.6 %

NASDAQ:BWFG opened at $28.66 on Thursday. Bankwell Financial Group has a 1 year low of $22.47 and a 1 year high of $31.09. The stock has a market cap of $225.18 million, a price-to-earnings ratio of 7.46 and a beta of 0.83. The business has a fifty day moving average of $29.35 and a 200-day moving average of $26.41. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06.

Bankwell Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 2.79%. Bankwell Financial Group’s dividend payout ratio is presently 20.83%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $34.00 price objective on shares of Bankwell Financial Group in a research note on Wednesday, October 16th.

Insider Buying and Selling

In other news, EVP Christine Chivily sold 1,815 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $27.88, for a total transaction of $50,602.20. Following the sale, the executive vice president now directly owns 14,449 shares of the company’s stock, valued at $402,838.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.20% of the stock is owned by corporate insiders.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.