Bankwell Financial Group (BWFG) Expected to Announce Earnings on Wednesday

Bankwell Financial Group (NASDAQ:BWFG) is expected to release its earnings data after the market closes on Wednesday, January 22nd. Analysts expect Bankwell Financial Group to post earnings of $0.65 per share and revenue of $22,125.00 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Monday, October 28th. The bank reported $0.24 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.32. The firm had revenue of $49.35 million for the quarter. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%.

Bankwell Financial Group Stock Performance

Shares of NASDAQ BWFG opened at $30.05 on Tuesday. Bankwell Financial Group has a 1 year low of $22.47 and a 1 year high of $35.25. The firm has a market cap of $236.19 million, a P/E ratio of 15.41 and a beta of 0.88. The stock has a fifty day moving average price of $31.59 and a two-hundred day moving average price of $29.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06.

Bankwell Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 2.66%. Bankwell Financial Group’s dividend payout ratio is currently 41.03%.

Insider Activity at Bankwell Financial Group

In related news, EVP Steven H. Brunner sold 1,330 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $32.98, for a total value of $43,863.40. Following the completion of the transaction, the executive vice president now owns 3,002 shares in the company, valued at $99,005.96. This trade represents a 30.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Darryl Demos acquired 2,290 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average price of $32.61 per share, for a total transaction of $74,676.90. Following the acquisition, the director now owns 8,156 shares in the company, valued at approximately $265,967.16. This trade represents a 39.04 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 2,975 shares of company stock valued at $97,217 over the last ninety days. Insiders own 19.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

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.