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

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

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

Bankwell Financial Group Trading Down 2.3 %

Shares of BWFG stock opened at $28.05 on Friday. Bankwell Financial Group has a 12-month low of $22.47 and a 12-month high of $31.09. The company has a market capitalization of $221.54 million, a P/E ratio of 7.30 and a beta of 0.83. The firm has a 50-day moving average price of $29.26 and a 200 day moving average price of $26.32. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60.

Insider Activity at Bankwell Financial Group

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

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and set 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.