Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) posted its quarterly earnings results on Wednesday. The bank reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04, Zacks reports. The firm had revenue of $48.36 million for the quarter. Bankwell Financial Group had a return on equity of 8.78% and a net margin of 11.76%.
Bankwell Financial Group Stock Up 0.5 %
Shares of NASDAQ:BWFG traded up $0.13 during trading on Friday, hitting $26.50. 2,538 shares of the company were exchanged, compared to its average volume of 12,795. The stock has a market cap of $209.35 million, a price-to-earnings ratio of 6.97 and a beta of 0.83. Bankwell Financial Group has a fifty-two week low of $22.47 and a fifty-two week high of $30.83. The firm has a fifty day moving average price of $24.65 and a two-hundred day moving average price of $25.32. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.59.
Bankwell Financial Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Monday, August 12th. Bankwell Financial Group’s dividend payout ratio (DPR) is 20.83%.
Insiders Place Their Bets
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.
Featured Articles
- Five stocks we like better than Bankwell Financial Group
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- What Does a Stock Split Mean?
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- The How And Why of Investing in Oil Stocks
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Bankwell Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankwell Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.