Bankwell Financial Group (NASDAQ:BWFG) Releases Earnings Results, Misses Estimates By $0.33 EPS

Bankwell Financial Group (NASDAQ:BWFG) released its quarterly earnings data on Wednesday. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.33), Zacks reports. 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 $29.74 on Thursday. Bankwell Financial Group has a twelve month low of $22.47 and a twelve month high of $35.25. The firm has a market cap of $233.76 million, a PE ratio of 15.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The business has a fifty day moving average of $31.48 and a 200-day moving average of $29.38.

Bankwell Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid 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 dividend yield of 2.69%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 41.03%.

Analyst Ratings Changes

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

Insider Activity

In other Bankwell Financial Group news, Director Darryl Demos bought 2,290 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $32.61 per share, for a total transaction of $74,676.90. Following the completion of the purchase, the director now owns 8,156 shares in the company, valued at $265,967.16. This represents a 39.04 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven H. Brunner sold 1,330 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.98, for a total value of $43,863.40. Following the completion of the sale, the executive vice president now owns 3,002 shares of the company’s stock, valued at approximately $99,005.96. This trade represents a 30.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 2,975 shares of company stock worth $97,217. 19.20% of the stock is 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.