Bankwell Financial Group (NASDAQ:BWFG) Announces Quarterly Earnings Results

Bankwell Financial Group (NASDAQ:BWFG) released its quarterly earnings data on Monday. The bank reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.32, Yahoo Finance reports. The firm had revenue of $49.35 million for the quarter. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%.

Bankwell Financial Group Stock Up 3.5 %

BWFG stock opened at $29.03 on Tuesday. The firm has a market capitalization of $228.09 million, a PE 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 twelve month low of $22.47 and a twelve month high of $31.09. The stock’s 50 day moving average is $29.26 and its 200-day moving average is $26.34.

Insider Buying and Selling

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 stock was sold at an average price of $27.88, for a total transaction of $50,602.20. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.