Bankwell Financial Group (NASDAQ:BWFG) Announces Quarterly Earnings Results, Beats Estimates By $0.32 EPS

Bankwell Financial Group (NASDAQ:BWFGGet Free Report) issued its quarterly earnings results on Monday. The bank reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.32, Yahoo Finance reports. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%. The business had revenue of $49.35 million for the quarter.

Bankwell Financial Group Stock Performance

Shares of BWFG stock opened at $29.03 on Tuesday. The firm has a 50 day moving average of $29.26 and a 200-day moving average of $26.34. The company has a market cap of $228.09 million, a price-to-earnings ratio of 7.56 and a beta of 0.83. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. Bankwell Financial Group has a 52 week low of $22.47 and a 52 week high of $31.09.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and set a $34.00 target price on shares of Bankwell Financial Group in a research report on Wednesday, October 16th.

Check Out Our Latest Report on BWFG

Insider Activity at Bankwell Financial Group

In other Bankwell Financial Group news, EVP Christine Chivily sold 1,815 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total value of $50,602.20. Following the completion of the sale, the executive vice president now directly owns 14,449 shares in the company, valued at approximately $402,838.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.20% of the stock is owned by corporate insiders.

About Bankwell Financial Group

(Get Free Report)

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.

See Also

Earnings History for Bankwell Financial Group (NASDAQ:BWFG)

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