Bankwell Financial Group (NASDAQ:BWFG – Get Rating) issued its earnings results on Wednesday. The bank reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.13, MarketWatch Earnings reports. Bankwell Financial Group had a net margin of 30.55% and a return on equity of 13.69%.
Shares of BWFG opened at $33.50 on Friday. Bankwell Financial Group has a twelve month low of $26.77 and a twelve month high of $35.34. The company has a market cap of $259.99 million, a P/E ratio of 9.97 and a beta of 0.76. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $33.97 and its 200-day simple moving average is $32.78.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 23rd. Stockholders of record on Friday, May 13th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, May 12th. Bankwell Financial Group’s dividend payout ratio is currently 23.81%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC raised its stake in shares of Bankwell Financial Group by 6.9% in the fourth quarter. Millennium Management LLC now owns 84,347 shares of the bank’s stock valued at $2,770,000 after acquiring an additional 5,478 shares during the period. BlackRock Inc. raised its stake in shares of Bankwell Financial Group by 5.7% in the fourth quarter. BlackRock Inc. now owns 26,528 shares of the bank’s stock valued at $871,000 after acquiring an additional 1,434 shares during the period. Susquehanna International Group LLP raised its stake in shares of Bankwell Financial Group by 92.0% in the fourth quarter. Susquehanna International Group LLP now owns 25,373 shares of the bank’s stock valued at $833,000 after acquiring an additional 12,160 shares during the period. Parametric Portfolio Associates LLC purchased a new stake in shares of Bankwell Financial Group in the fourth quarter valued at $803,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Bankwell Financial Group by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 27,468 shares of the bank’s stock valued at $802,000 after acquiring an additional 781 shares during the period. 34.44% of the stock is currently owned by institutional investors and hedge funds.
Bankwell Financial Group Company Profile (Get Rating)
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, 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 secured by savings or certificate accounts and automobiles; and unsecured personal loans and overdraft lines of credit.
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