Bankwell Financial Group (BWFG) Set to Announce Earnings on Monday

Bankwell Financial Group (NASDAQ:BWFG) will release its earnings data after the market closes on Monday, October 28th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Wednesday, July 24th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%. The company had revenue of $48.36 million during the quarter.

Bankwell Financial Group Stock Down 2.3 %

BWFG stock opened at $28.05 on Friday. Bankwell Financial Group has a 12-month low of $22.47 and a 12-month high of $31.09. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The company has a market cap of $221.54 million, a price-to-earnings ratio of 7.30 and a beta of 0.83. The company has a 50 day moving average of $29.26 and a two-hundred day moving average of $26.32.

Wall Street Analyst Weigh In

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

Insider Transactions at Bankwell Financial Group

In other news, Director Kevin D. Leitao bought 2,500 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average cost of $26.83 per share, for a total transaction of $67,075.00. Following the purchase, the director now owns 2,500 shares of the company’s stock, valued at $67,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kevin D. Leitao purchased 2,500 shares of Bankwell Financial Group stock in a transaction on Monday, July 29th. The stock was purchased at an average cost of $26.83 per share, with a total value of $67,075.00. Following the acquisition, the director now directly owns 2,500 shares in the company, valued at approximately $67,075. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christine Chivily sold 1,815 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total transaction of $50,602.20. Following the completion of the sale, the executive vice president now directly owns 14,449 shares of the company’s stock, valued at approximately $402,838.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired a total of 2,691 shares of company stock worth $72,620 in the last 90 days. 19.20% of the stock is owned by 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.