Bankwell Financial Group (NASDAQ:BWFG) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Bankwell Financial Group (NASDAQ:BWFG) 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

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

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.