Bankwell Financial Group (BWFG) to Release 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. Parties that wish to listen to the company’s conference call can do so using this link.

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

Bankwell Financial Group Stock Up 1.8 %

NASDAQ:BWFG opened at $30.05 on Tuesday. The stock has a 50-day simple moving average of $31.59 and a 200 day simple moving average of $29.34. Bankwell Financial Group has a one year low of $22.47 and a one year high of $35.25. The company has a market capitalization of $236.19 million, a price-to-earnings ratio of 15.41 and a beta of 0.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a $0.20 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. Bankwell Financial Group’s payout ratio is 41.03%.

Insider Transactions at Bankwell Financial Group

In other news, Director Darryl Demos acquired 2,290 shares of the company’s stock in a transaction that occurred 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 acquisition, the director now directly owns 8,156 shares in the company, valued at approximately $265,967.16. The trade was a 39.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven H. Brunner sold 1,330 shares of the business’s 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 transaction, the executive vice president now directly owns 3,002 shares of the company’s stock, valued at $99,005.96. The trade was a 30.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 2,975 shares of company stock worth $97,217. 19.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

About Bankwell Financial Group

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.