Bankwell Financial Group (BWFG) Expected to Announce Quarterly Earnings on Wednesday

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.73 per share and revenue of $22.63 million for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Price Performance

NASDAQ:BWFG traded up $0.26 on Friday, reaching $29.30. 7,666 shares of the company's stock traded hands, compared to its average volume of 14,463. The stock has a 50-day simple moving average of $29.96 and a 200-day simple moving average of $30.52. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. Bankwell Financial Group has a 12 month low of $22.70 and a 12 month high of $35.25. The firm has a market cap of $231.15 million, a PE ratio of 24.83 and a beta of 0.60.

Bankwell Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Tuesday, February 11th. Bankwell Financial Group's payout ratio is 67.80%.

Insiders Place Their Bets

In related news, Director Kevin D. Leitao acquired 2,000 shares of the stock in a transaction on Monday, January 27th. The stock was bought at an average cost of $30.38 per share, with a total value of $60,760.00. Following the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $136,710. This represents a 80.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eric J. Dale bought 875 shares of the company's stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $30.42 per share, for a total transaction of $26,617.50. Following the completion of the purchase, the director now directly owns 38,682 shares in the company, valued at approximately $1,176,706.44. This represents a 2.31 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 2,970 shares of company stock valued at $90,136 and have sold 6,147 shares valued at $193,975. 19.20% of the stock is currently 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.