Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides a range of banking services to commercial and consumer customers in Connecticut. It accepts checking, savings, and money market accounts; and demand and NOW deposits, as well as certificates of deposit. The company also provides commercial lending products, including residential real estate loans, owner-occupied commercial real estate loans, commercial real estate investment loans, business term loans, equipment financing, and lines of credit to small and mid-sized businesses, as well as real estate construction and development loans; and consumer loans, such as loans secured by savings or certificate accounts, or automobiles, as well as unsecured personal loans and overdraft lines of credit. It operates through a network of nine branches. The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. Bankwell Financial Group, Inc. was founded in 2002 and is headquartered in New Canaan, Connecticut.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:BWFG
CUSIPN/A
Phone203-972-3838
Debt
Debt-to-Equity Ratio1.32
Current Ratio1.13
Quick Ratio1.13
Price-To-Earnings
Trailing P/E Ratio15.50
Forward P/E Ratio13.33
P/E GrowthN/A
Sales & Book Value
Annual Sales$75.83 million
Price / Sales3.25
Cash Flow$2.2265 per share
Price / Cash14.13
Book Value$20.86 per share
Price / Book1.51
Profitability
EPS (Most Recent Fiscal Year)$2.03
Net Income$13.83 million
Net Margins19.62%
Return on Equity10.79%
Return on Assets0.97%
Miscellaneous
Employees141
Outstanding Shares7,840,000
Market Cap$247.99 million
Bankwell Financial Group (NASDAQ:BWFG) Frequently Asked Questions
What is Bankwell Financial Group's stock symbol?
Bankwell Financial Group trades on the NASDAQ under the ticker symbol "BWFG."
How often does Bankwell Financial Group pay dividends? What is the dividend yield for Bankwell Financial Group?
Bankwell Financial Group declared a quarterly dividend on Friday, July 27th. Investors of record on Friday, August 17th will be paid a dividend of $0.12 per share on Monday, August 27th. This represents a $0.48 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, August 16th. View Bankwell Financial Group's Dividend History.
How were Bankwell Financial Group's earnings last quarter?
Bankwell Financial Group Inc (NASDAQ:BWFG) announced its earnings results on Thursday, July, 26th. The bank reported $0.60 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.63 by $0.03. The bank earned $15.02 million during the quarter, compared to the consensus estimate of $14.85 million. Bankwell Financial Group had a net margin of 19.62% and a return on equity of 10.79%. View Bankwell Financial Group's Earnings History.
When is Bankwell Financial Group's next earnings date?
What price target have analysts set for BWFG?
3 analysts have issued 1 year target prices for Bankwell Financial Group's shares. Their forecasts range from $34.00 to $37.00. On average, they expect Bankwell Financial Group's stock price to reach $35.50 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Price Targets for Bankwell Financial Group.
What is the consensus analysts' recommendation for Bankwell Financial Group?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bankwell Financial Group in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Bankwell Financial Group.
Who are some of Bankwell Financial Group's key competitors?
Some companies that are related to Bankwell Financial Group include Bryn Mawr Bank (BMTC), Origin Bancorp (OBNK), Carolina Financial (CARO), First National Bank Alaska (FBAK), Lakeland Bancorp (LBAI), Guaranty Bancorp (GBNK), TriCo Bancshares (TCBK), TrustCo Bank Corp NY (TRST), Community Trust Bancorp (CTBI), Stock Yards Bancorp (SYBT), Great Southern Bancorp (GSBC), Tristate Capital (TSC), German American Bancorp. (GABC), Midland States Bancorp (MSBI) and Central Pacific Financial (CPF).
Who are Bankwell Financial Group's key executives?
Bankwell Financial Group's management team includes the folowing people:
- Mr. Christopher R. Gruseke, Pres, CEO & Director (Age 58)
- Mr. Penko Krassimir Ivanov, Exec. VP & CFO (Age 49)
- Mr. Todd H. Lampert, Corp. Sec. & Director (Age 55)
- Ms. Heidi S. DeWyngaert, Exec. VP & Chief Lending Officer (Age 62)
- John C. Adams, Chief Information Officer & Sr. VP
Has Bankwell Financial Group been receiving favorable news coverage?
News headlines about BWFG stock have been trending positive this week, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bankwell Financial Group earned a news and rumor sentiment score of 0.35 on Accern's scale. They also gave news headlines about the bank an impact score of 51.68 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the next few days. View Recent Headlines for Bankwell Financial Group.
Who are Bankwell Financial Group's major shareholders?
Bankwell Financial Group's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.86%), Renaissance Technologies LLC (2.36%), Seidman Lawrence B (1.68%), Dimensional Fund Advisors LP (0.84%), Millennium Management LLC (0.70%) and Schwab Charles Investment Management Inc. (0.15%). Company insiders that own Bankwell Financial Group stock include Blake S Drexler, Carl M Porto, Christine Chivily, Christopher R Gruseke, David P Dineen, George P Bauer, James A Fieber, Penko Krassimir Ivanov and Todd Lampert. View Institutional Ownership Trends for Bankwell Financial Group.
Which institutional investors are buying Bankwell Financial Group stock?
BWFG stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., Seidman Lawrence B, Dimensional Fund Advisors LP, Renaissance Technologies LLC, FNY Investment Advisers LLC, LSV Asset Management and Schwab Charles Investment Management Inc.. Company insiders that have bought Bankwell Financial Group stock in the last two years include Blake S Drexler, Carl M Porto, Christopher R Gruseke, Penko Krassimir Ivanov and Todd Lampert. View Insider Buying and Selling for Bankwell Financial Group.
How do I buy shares of Bankwell Financial Group?
Shares of BWFG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Bankwell Financial Group's stock price today?
One share of BWFG stock can currently be purchased for approximately $31.46.
How big of a company is Bankwell Financial Group?
Bankwell Financial Group has a market capitalization of $247.99 million and generates $75.83 million in revenue each year. The bank earns $13.83 million in net income (profit) each year or $2.03 on an earnings per share basis. Bankwell Financial Group employs 141 workers across the globe.
How can I contact Bankwell Financial Group?
Bankwell Financial Group's mailing address is 208 ELM STREET, NEW CANAAN CT, 06840. The bank can be reached via phone at 203-972-3838 or via email at [email protected]
MarketBeat Community Rating for Bankwell Financial Group (NASDAQ BWFG)
MarketBeat's community ratings are surveys of what our community members think about Bankwell Financial Group and other stocks. Vote "Outperform" if you believe BWFG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BWFG will underperform the S&P 500 over the long term. You may vote once every thirty days.
