Bankwell Financial Group (NASDAQ:BWFG) Releases Earnings Results, Beats Estimates By $0.04 EPS

Bankwell Financial Group (NASDAQ:BWFG) released its quarterly earnings data on Wednesday. The bank reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04, Zacks reports. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.78%. The firm had revenue of $48.36 million for the quarter.

Bankwell Financial Group Stock Up 0.5 %

NASDAQ:BWFG traded up $0.13 during midday trading on Friday, reaching $26.50. 2,538 shares of the stock traded hands, compared to its average volume of 12,795. Bankwell Financial Group has a 12-month low of $22.47 and a 12-month high of $30.83. The business has a 50-day moving average of $24.65 and a two-hundred day moving average of $25.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $209.35 million, a PE ratio of 6.97 and a beta of 0.83.

Bankwell Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.02%. Bankwell Financial Group’s dividend payout ratio is presently 20.83%.

Insider Activity at Bankwell Financial Group

In related news, insider Ryan Jason Hildebrand sold 1,448 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $25.02, for a total transaction of $36,228.96. Following the completion of the sale, the insider now owns 1,885 shares of the company’s stock, valued at $47,162.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Bankwell Financial Group news, insider Ryan Jason Hildebrand sold 1,448 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $25.02, for a total value of $36,228.96. Following the completion of the transaction, the insider now owns 1,885 shares of the company’s stock, valued at $47,162.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lawrence B. Seidman purchased 2,040 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of $24.37 per share, with a total value of $49,714.80. Following the acquisition, the director now owns 175,761 shares of the company’s stock, valued at approximately $4,283,295.57. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 2,507 shares of company stock valued at $61,157 and sold 10,559 shares valued at $253,346. 19.20% of the stock is currently owned by corporate insiders.

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.