Bankwell Financial Group (BWFG) Expected to Announce Quarterly Earnings on Wednesday

Bankwell Financial Group (NASDAQ:BWFG) will likely be issuing its quarterly earnings data after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.65 per share and revenue of $22,125.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.32. The business had revenue of $49.35 million during 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 %

Shares of Bankwell Financial Group stock opened at $30.05 on Monday. The stock has a market capitalization of $236.19 million, a price-to-earnings ratio of 15.41 and a beta of 0.88. Bankwell Financial Group has a twelve month low of $22.47 and a twelve month 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 business’s 50 day simple moving average is $31.63 and its 200-day simple moving average is $29.30.

Bankwell Financial Group Announces Dividend

The firm also recently declared 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. The ex-dividend date was Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 41.03%.

Insider Transactions at Bankwell Financial Group

In other news, EVP Steven H. Brunner sold 1,330 shares of the firm’s stock in a transaction on 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 owns 3,002 shares in the company, valued at approximately $99,005.96. This trade represents a 30.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darryl Demos purchased 2,290 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $32.61 per share, with a total value of $74,676.90. Following the purchase, the director now owns 8,156 shares in the company, valued at $265,967.16. This represents a 39.04 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 2,975 shares of company stock valued at $97,217 over the last three months. Company insiders own 19.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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