Bankwell Financial Group (NASDAQ:BWFG) Issues Earnings Results

Bankwell Financial Group (NASDAQ:BWFG) announced its quarterly earnings data on Wednesday. The bank reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04, Zacks reports. Bankwell Financial Group had a return on equity of 11.55% and a net margin of 15.28%. The firm had revenue of $48.36 million during the quarter.

Bankwell Financial Group Stock Up 0.8 %

Shares of NASDAQ:BWFG traded up $0.20 during mid-day trading on Thursday, hitting $26.66. 8,474 shares of the company traded hands, compared to its average volume of 12,803. The stock has a market cap of $210.61 million, a P/E ratio of 6.94 and a beta of 0.83. 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 has a 12-month low of $22.47 and a 12-month high of $30.83. The stock has a 50-day moving average price of $24.60 and a two-hundred day moving average price of $25.31.

Insider Activity at Bankwell Financial Group

In other Bankwell Financial Group news, EVP Christine Chivily sold 6,356 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $23.60, for a total value of $150,001.60. Following the transaction, the executive vice president now owns 15,348 shares of the company’s stock, valued at $362,212.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Bankwell Financial Group news, Director Lawrence B. Seidman bought 2,040 shares of Bankwell Financial Group stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $24.37 per share, for a total transaction of $49,714.80. Following the completion of the transaction, the director now directly owns 175,761 shares in the company, valued at $4,283,295.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christine Chivily sold 6,356 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $23.60, for a total value of $150,001.60. Following the transaction, the executive vice president now owns 15,348 shares of the company’s stock, valued at $362,212.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 2,507 shares of company stock valued at $61,157 and have sold 10,559 shares valued at $253,346. 19.20% of the stock is 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.