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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $48.36 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 Trading Down 2.3 %

Shares of NASDAQ:BWFG opened at $28.05 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $221.54 million, a PE ratio of 7.30 and a beta of 0.83. Bankwell Financial Group has a 1 year low of $22.47 and a 1 year high of $31.09. The firm has a fifty day moving average price of $29.26 and a 200 day moving average price of $26.33.

Insider Buying and Selling

In other Bankwell Financial Group news, Director Kevin D. Leitao purchased 2,500 shares of the stock in a transaction dated Monday, July 29th. The shares were bought at an average cost of $26.83 per share, with a total value of $67,075.00. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at $67,075. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Kevin D. Leitao acquired 2,500 shares of the stock in a transaction dated Monday, July 29th. The shares were acquired at an average price of $26.83 per share, for a total transaction of $67,075.00. Following the completion of the purchase, the director now owns 2,500 shares in the company, valued at approximately $67,075. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christine Chivily sold 1,815 shares of the company’s 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 transaction, the executive vice president now owns 14,449 shares of the company’s stock, valued at approximately $402,838.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 2,691 shares of company stock valued at $72,620. Company insiders own 19.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $34.00 price objective 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.