Bankwell Financial Group (NASDAQ:BWFG) Reports Quarterly Earnings, Beats Estimates by $0.04 Per Share

Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) reported its quarterly earnings results on Wednesday. The bank reported EPS of $0.14 for the quarter, beating the consensus estimate of $0.10 by $0.04, Zacks reports. The company had revenue of $48.36 million for the quarter. Bankwell Financial Group had a return on equity of 8.78% and a net margin of 11.76%.

Bankwell Financial Group Stock Market Performance

BWFG shares opened at $27.16 on Friday. The company’s 50-day moving average is $24.71 and its 200-day moving average is $25.31. Bankwell Financial Group has a 52-week low of $22.47 and a 52-week high of $30.83. The company has a market cap of $214.56 million, a price-to-earnings ratio of 7.07, and a beta of 0.83. The company has a quick ratio of 1.07, a current ratio of 1.07, and a debt-to-equity ratio of 0.59.

Bankwell Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23. Investors of record as of Monday, August 12 will receive a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a yield of 2.95%. The ex-dividend date is Monday, August 12. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 20.83%.

Insider Buying and Selling at Bankwell Financial Group

In other news regarding Bankwell Financial Group, Executive Vice President Christine Chivily sold 6,356 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were priced at an average of $23.60, for a total value of $150,001.60. Following the transaction, the Executive Vice President now directly owns 15,348 shares of the company’s stock, valued at approximately $362,212.80. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In other news regarding Bankwell Financial Group, Executive Vice President Steven H. Brunner sold 1,405 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were priced at an average of $24.12, for a total value of $33,888.60. Following the transaction, the Executive Vice President now directly owns 2,621 shares of the company’s stock, valued at approximately $63,218.52. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, Executive Vice President Christine Chivily sold 6,356 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $23.60, for a total value of $150,001.60. Following the sale, the Executive Vice President now directly owns 15,348 shares of the company’s stock, valued at $362,212.80. The disclosure of this sale can be found here. Over the last three months, insiders have purchased 2,507 shares of the company’s stock valued at $61,157 and sold 10,559 shares valued at $253,346. 19.20% of the shares are currently held by company insiders.

Bankwell Financial Group Company Profile

(Get a free report)

Bankwell Financial Group, Inc. is the bank holding company for Bankwell Bank, which provides a variety of banking services to retail and commercial customers. It offers a variety of traditional deposit products, including checking, savings, money market products and certificates of deposit. The Company also offers 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 one- to four-family owner-occupied residential properties; loans secured by commercial real estate, multifamily properties, owner-occupied commercial real estate and one- to four-family investor-owned housing; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office, retail and other income-producing properties; land loans; commercial loans to businesses secured by assignments of business assets and personal guarantees of business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.

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