Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) issued its quarterly earnings data on Wednesday. The bank reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04, Zacks reports. Bankwell Financial Group had a return on equity of 11.55% and a net margin of 15.28%. The business had revenue of $48.36 million for the quarter.
Bankwell Financial Group Stock Performance
BWFG traded down $0.09 during midday trading on Thursday, reaching $26.37. The company’s stock had a trading volume of 17,677 shares, compared to its average volume of 12,868. The stock has a market cap of $208.32 million, a P/E ratio of 6.94 and a beta of 0.83. The company has a fifty day simple moving average of $24.60 and a 200 day simple moving average of $25.31. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.59. Bankwell Financial Group has a twelve month low of $22.47 and a twelve month high of $30.83.
Bankwell Financial Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Monday, August 12th. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 20.83%.
Insider Buying and Selling at Bankwell Financial Group
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.
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