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

Bankwell Financial Group (NASDAQ:BWFG) will announce its earnings results on Wednesday, April 24th.

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

Bankwell Financial Group Price Performance

Shares of NASDAQ BWFG opened at $25.33 on Tuesday. Bankwell Financial Group has a fifty-two week low of $21.22 and a fifty-two week high of $30.83. The company has a 50 day simple moving average of $25.15 and a two-hundred day simple moving average of $26.46. The company has a market capitalization of $200.36 million, a price-to-earnings ratio of 5.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06.

Bankwell Financial Group Announces Dividend

The company 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 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, February 12th. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 17.06%.

Analyst Upgrades and Downgrades

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 for the company 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.