Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) issued its earnings results on Wednesday. The bank reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04, Zacks reports. The company had revenue of $48.36 million during the quarter. Bankwell Financial Group had a return on equity of 11.55% and a net margin of 15.28%.
Bankwell Financial Group Stock Down 0.3 %
Shares of BWFG traded down $0.09 during trading hours on Thursday, hitting $26.37. The stock had a trading volume of 17,677 shares, compared to its average volume of 12,868. The firm has a market capitalization of $208.32 million, a P/E ratio of 6.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.07 and a quick ratio of 1.07. Bankwell Financial Group has a 1-year low of $22.47 and a 1-year high of $30.83. The firm has a 50 day simple moving average of $24.60 and a 200-day simple moving average of $25.31.
Bankwell Financial Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be paid a $0.20 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.80 annualized dividend and a dividend yield of 3.03%. Bankwell Financial Group’s dividend payout ratio is presently 20.83%.
Insider Buying and Selling at Bankwell Financial Group
Bankwell Financial Group Company Profile
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.
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