By otakuyassine3@gmail.com 
Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) is projected to post its quarterly earnings results 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.
Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.32. The business had revenue of $49.35 million during the quarter. Bankwell Financial Group had a net margin of 7.77% and a return on equity of 5.74%.
Bankwell Financial Group Trading Up 4.0 %
Shares of BWFG stock traded up $1.16 during trading hours on Wednesday, reaching $30.40. The company had a trading volume of 11,882 shares, compared to its average volume of 14,509. Bankwell Financial Group has a 1-year low of $22.47 and a 1-year high of $35.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $238.91 million, a price-to-earnings ratio of 15.59 and a beta of 0.88. The company has a 50 day moving average of $31.67 and a 200 day moving average of $29.21.
Bankwell Financial Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. Bankwell Financial Group’s dividend payout ratio is presently 41.03%.
Insider Activity at Bankwell Financial Group
In related news, EVP Steven H. Brunner sold 1,330 shares of the business’s stock in a transaction that occurred 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 directly owns 3,002 shares in the company, valued at approximately $99,005.96. The trade was a 30.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darryl Demos bought 2,290 shares of the company’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 completion of the acquisition, the director now directly 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. Over the last 90 days, insiders bought 2,975 shares of company stock worth $97,217. 19.20% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods raised their target price on Bankwell Financial Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.
Get Our Latest Stock Report on 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.
Read More
Receive News & Ratings for Bankwell Financial Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bankwell Financial Group and related companies with MarketBeat.com’s FREE daily email newsletter.