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

Bankwell Financial Group (NASDAQ:BWFG) posted its quarterly earnings results on Wednesday. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.33), Zacks reports. Bankwell Financial Group had a net margin of 7.77% and a return on equity of 5.74%.

Bankwell Financial Group Stock Down 0.3 %

Shares of BWFG stock traded down $0.09 on Wednesday, hitting $29.74. The company’s stock had a trading volume of 11,685 shares, compared to its average volume of 14,499. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. The firm’s fifty day moving average price is $31.59 and its 200-day moving average price is $29.34. The stock has a market capitalization of $233.76 million, a price-to-earnings ratio of 15.25 and a beta of 0.88.

Bankwell Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Friday, November 8th. Bankwell Financial Group’s payout ratio is presently 41.03%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

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.