Bankwell Financial Group (BWFG) Scheduled to Post Quarterly Earnings on Wednesday

Bankwell Financial Group (NASDAQ:BWFG) is scheduled to be releasing its earnings data on Wednesday, April 24th.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Wednesday, January 24th. The bank reported $1.09 earnings per share (EPS) for the quarter. Bankwell Financial Group had a return on equity of 14.45% and a net margin of 18.97%. The company had revenue of $23.37 million for the quarter.

Bankwell Financial Group Trading Up 2.9 %

BWFG opened at $25.33 on Tuesday. Bankwell Financial Group has a 52 week low of $21.22 and a 52 week high of $30.83. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $25.15 and a 200-day simple moving average of $26.46. The firm has a market cap of $200.36 million, a P/E ratio of 5.40 and a beta of 0.78.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 13th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Monday, February 12th. Bankwell Financial Group’s dividend payout ratio (DPR) is 17.06%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their price target on shares of Bankwell Financial Group from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 30th.

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.