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

Bankwell Financial Group (NASDAQ:BWFG) is scheduled to issue its quarterly earnings data on Wednesday, April 24th.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $1.09 earnings per share (EPS) for the quarter. The company had revenue of $23.37 million during the quarter. Bankwell Financial Group had a return on equity of 14.45% and a net margin of 18.97%.

Bankwell Financial Group Stock Up 2.9 %

Shares of NASDAQ BWFG opened at $25.33 on Tuesday. The company has a market capitalization of $200.36 million, a price-to-earnings ratio of 5.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $25.15 and a two-hundred day moving average of $26.46. Bankwell Financial Group has a 1 year low of $21.22 and a 1 year high of $30.83.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 13th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, February 12th. Bankwell Financial Group’s payout ratio is currently 17.06%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced their target price on Bankwell Financial Group from $35.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday, January 30th.

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.