Bankwell Financial Group (NASDAQ:BWFG) Issues Earnings Results

Bankwell Financial Group (NASDAQ:BWFG) issued its 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 Trading Down 0.3 %

NASDAQ:BWFG opened at $29.74 on Thursday. Bankwell Financial Group has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $233.76 million, a PE ratio of 15.25 and a beta of 0.88. The business’s 50-day simple moving average is $31.48 and its 200-day simple moving average is $29.38.

Bankwell Financial Group Announces Dividend

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 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, November 8th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 41.03%.

Analysts Set New Price Targets

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

Insider Activity

In related news, EVP Steven H. Brunner sold 1,330 shares of Bankwell Financial Group stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $32.98, for a total value of $43,863.40. Following the sale, the executive vice president now owns 3,002 shares of the company’s stock, valued at approximately $99,005.96. This trade represents a 30.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darryl Demos bought 2,290 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $32.61 per share, for a total transaction of $74,676.90. Following the transaction, the director now owns 8,156 shares in the company, valued at $265,967.16. The trade was a 39.04 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 2,975 shares of company stock worth $97,217 in the last 90 days. Corporate insiders own 19.20% of the company’s stock.

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.