Bankwell Financial Group (BWFG) Set to Announce Earnings on Monday

Bankwell Financial Group (NASDAQ:BWFG) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 28th. Individual that wish to register for the company’s earnings conference call can do so using this link.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $48.36 million for the quarter. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%.

Bankwell Financial Group Trading Down 0.7 %

NASDAQ:BWFG opened at $29.83 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. Bankwell Financial Group has a 1 year low of $22.47 and a 1 year high of $31.09. The stock has a market cap of $235.60 million, a P/E ratio of 7.77 and a beta of 0.83. The stock has a 50-day simple moving average of $29.03 and a 200-day simple moving average of $26.23.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Monday, August 12th. Bankwell Financial Group’s dividend payout ratio (DPR) is 20.83%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $34.00 price objective on shares of Bankwell Financial Group in a report on Wednesday, October 16th.

Insider Activity at Bankwell Financial Group

In other Bankwell Financial Group news, EVP Christine Chivily sold 1,815 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total value of $50,602.20. Following the completion of the transaction, the executive vice president now owns 14,449 shares in the company, valued at $402,838.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Christine Chivily sold 1,815 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $27.88, for a total value of $50,602.20. Following the completion of the sale, the executive vice president now directly owns 14,449 shares of the company’s stock, valued at approximately $402,838.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin D. Leitao bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average cost of $26.83 per share, with a total value of $67,075.00. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at approximately $67,075. The disclosure for this purchase can be found here. Insiders purchased a total of 2,691 shares of company stock valued at $72,620 over the last ninety days. Insiders own 19.20% of the company’s stock.

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.