Bankwell Financial Group (BWFG) Set to Announce Quarterly Earnings on Wednesday

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

Bankwell Financial Group (NASDAQ:BWFG) last posted its earnings results on Wednesday, January 24th. The bank reported $1.09 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 Price Performance

Bankwell Financial Group stock opened at $25.33 on Tuesday. Bankwell Financial Group has a 12 month low of $21.22 and a 12 month high of $30.83. The stock’s 50 day moving average is $25.15 and its 200-day moving average is $26.46. 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 company has a market capitalization of $200.36 million, a price-to-earnings ratio of 5.40 and a beta of 0.78.

Bankwell Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 13th were given 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 is currently 17.06%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced their price target on 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.

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.