Bankwell Financial Group (NASDAQ:BWFG) Announces Quarterly Earnings Results, Beats Estimates By $0.32 EPS

Bankwell Financial Group (NASDAQ:BWFG) issued its quarterly earnings data on Monday. The bank reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.32, Yahoo Finance reports. The firm had revenue of $49.35 million during the quarter. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%.

Bankwell Financial Group Price Performance

NASDAQ BWFG opened at $28.84 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $226.60 million, a price-to-earnings ratio of 7.51 and a beta of 0.83. The business has a 50 day simple moving average of $29.35 and a 200 day simple moving average of $26.41. Bankwell Financial Group has a 52-week low of $22.47 and a 52-week high of $31.09.

Bankwell Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, November 8th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 20.83%.

Insider Buying and Selling at Bankwell Financial Group

In other news, EVP Christine Chivily sold 1,815 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total transaction of $50,602.20. Following the completion of the sale, the executive vice president now owns 14,449 shares of the company’s stock, valued at $402,838.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 19.20% of the company’s stock.

Wall Street Analyst Weigh In

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

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.