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

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) posted its quarterly earnings data on Monday. The bank reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.32, Yahoo Finance reports. The company had revenue of $49.35 million during the quarter. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%.

Bankwell Financial Group Trading Down 0.7 %

Shares of BWFG traded down $0.19 during mid-day trading on Tuesday, reaching $28.84. The stock had a trading volume of 7,575 shares, compared to its average volume of 13,134. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group has a 52-week low of $22.47 and a 52-week high of $31.09. The business's fifty day moving average is $29.30 and its 200 day moving average is $26.38. The firm has a market cap of $226.60 million, a price-to-earnings ratio of 7.64 and a beta of 0.83.

Analysts Set New Price Targets

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

Insider Activity at Bankwell Financial Group

In related news, EVP Christine Chivily sold 1,815 shares of the company's stock in a transaction dated 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 owns 14,449 shares of the company's stock, valued at approximately $402,838.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 19.20% of the stock is currently owned by insiders.

Bankwell Financial Group Company Profile

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.