Bankwell Financial Group Overview
BWFG opened at $29.83. Key metrics include a debt-to-equity ratio of 0.60, a current ratio of 1.06, and a market cap of $235.60 million. The price-to-earnings ratio is 7.77, with a beta of 0.83. Its one-year low is $22.47 and high is $31.09.
Earnings Report
Bankwell Financial Group (NASDAQ:BWFG) reported earnings on July 24, showing $0.14 EPS, exceeding forecasts of $0.10. The return on equity was 8.76%, with a net margin of 11.76% and quarterly revenue of $48.36 million.
Dividend Update
The company declared a quarterly dividend of $0.20 per share, paid on August 23, 2019. This totals an annual dividend of $0.80, yielding 2.68%. The dividend payout ratio is 20.83%.
Insider Activity
On August 28, EVP Christine Chivily sold 1,815 shares for approximately $50,602. She now owns 14,449 shares valued at about $402,838. Additionally, Director Kevin D. Leitao purchased 2,500 shares at an average price of $26.83. Insiders have bought 2,691 shares totaling $72,620 recently, owning 19.20% of the company.
Institutional Investors
Institutions have adjusted their holdings in BWFG. Bridge City Capital LLC increased its stake by 17.9% to 11,718 shares. BNP Paribas Financial Markets raised its holdings by 119.9%, while Vanguard Group Inc. increased by 0.6%. In total, institutional investors own 35.80% of the company.
About Bankwell Financial Group
Bankwell Financial Group, Inc. is a bank holding company offering a variety of banking services for individuals and businesses, including checking and savings accounts, loans, and more.
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