Bankwell Financial Group (NASDAQ:BWFG) Issues Quarterly Earnings Results, Misses Estimates By $0.33 EPS

Bankwell Financial Group (NASDAQ:BWFGGet Free Report) issued its quarterly earnings results on Wednesday. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33), Zacks reports. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%.

Bankwell Financial Group Price Performance

BWFG stock opened at $30.75 on Friday. The company has a market cap of $241.70 million, a PE ratio of 15.77 and a beta of 0.88. 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 moving average price of $31.48 and a two-hundred day moving average price of $29.38. Bankwell Financial Group has a 12-month low of $22.47 and a 12-month high of $35.25.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 41.03%.

Analyst Ratings Changes

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

Read Our Latest Stock Report on BWFG

Insider Transactions at Bankwell Financial Group

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

About Bankwell Financial Group

(Get Free Report)

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.

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Earnings History for Bankwell Financial Group (NASDAQ:BWFG)

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