Bankwell Financial Group (BWFG) to Release Quarterly Earnings on Wednesday

Bankwell Financial Group (NASDAQ:BWFG) will likely be posting its quarterly earnings results after the market closes on Wednesday, January 22nd. Analysts expect Bankwell Financial Group to post earnings of $0.65 per share and revenue of $22,125.00 billion for the quarter.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.32. The company had revenue of $49.35 million during the quarter. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%.

Bankwell Financial Group Stock Performance

BWFG stock traded up $1.16 during midday trading on Wednesday, hitting $30.40. The stock had a trading volume of 11,882 shares, compared to its average volume of 14,509. Bankwell Financial Group has a 52 week low of $22.47 and a 52 week high of $35.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $31.67 and a 200 day simple moving average of $29.21. The firm has a market capitalization of $238.91 million, a price-to-earnings ratio of 15.59 and a beta of 0.88.

Bankwell Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Friday, November 8th. Bankwell Financial Group’s payout ratio is 41.03%.

Insiders Place Their Bets

In related news, EVP Steven H. Brunner sold 1,330 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $32.98, for a total transaction of $43,863.40. Following the completion of the sale, the executive vice president now owns 3,002 shares in the company, valued at $99,005.96. This trade represents a 30.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Darryl Demos purchased 2,290 shares of Bankwell Financial Group stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $32.61 per share, for a total transaction of $74,676.90. Following the completion of the transaction, the director now owns 8,156 shares of the company’s stock, valued at approximately $265,967.16. This represents a 39.04 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 2,975 shares of company stock worth $97,217 over the last three months. 19.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price target on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th.

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.