Bankwell Financial Group (NASDAQ:BWFG) Announces Quarterly Earnings Results
by Scott Moore · The Cerbat GemBankwell Financial Group (NASDAQ:BWFG – Get Free Report) issued its quarterly earnings data on Wednesday. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.26 by $0.15, Zacks reports. Bankwell Financial Group had a net margin of 16.94% and a return on equity of 12.21%.
Bankwell Financial Group Stock Down 2.9%
BWFG traded down $1.47 during trading hours on Wednesday, hitting $49.43. 68,242 shares of the company’s stock were exchanged, compared to its average volume of 35,719. Bankwell Financial Group has a 12-month low of $30.40 and a 12-month high of $53.86. The firm has a 50 day moving average of $48.75 and a 200 day moving average of $47.04. The firm has a market cap of $393.96 million, a P/E ratio of 11.13 and a beta of 0.62. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60.
Bankwell Financial Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, February 10th. Bankwell Financial Group’s dividend payout ratio is presently 18.02%.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Hovde Group upped their price objective on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.
View Our Latest Analysis on Bankwell Financial Group
Insider Activity
In related news, EVP Christine Chivily sold 1,985 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $49.80, for a total transaction of $98,853.00. Following the sale, the executive vice president directly owned 16,186 shares of the company’s stock, valued at $806,062.80. This represents a 10.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence B. Seidman acquired 10,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average cost of $46.88 per share, for a total transaction of $468,800.00. Following the completion of the transaction, the director owned 216,904 shares in the company, valued at approximately $10,168,459.52. The trade was a 4.83% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 26,816 shares of company stock worth $1,256,874 and sold 11,897 shares worth $592,523. Corporate insiders own 20.98% of the company’s stock.
Institutional Investors Weigh In On Bankwell Financial Group
A number of large investors have recently modified their holdings of BWFG. Russell Investments Group Ltd. increased its position in shares of Bankwell Financial Group by 585.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after purchasing an additional 585 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Bankwell Financial Group by 38.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after purchasing an additional 314 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bankwell Financial Group in the 2nd quarter valued at approximately $63,000. Tower Research Capital LLC TRC increased its position in shares of Bankwell Financial Group by 523.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock valued at $72,000 after purchasing an additional 1,675 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Bankwell Financial Group in the 1st quarter valued at approximately $148,000. 35.80% of the stock is owned by hedge funds and other institutional investors.
Bankwell Financial Group Company Profile
Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.
The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.