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
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Phone203-652-0166
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$83.96 million
Profitability
Miscellaneous
Employees141
Next Earnings Date4/24/2019 (Estimated)
OptionableNot Optionable
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 Thursday, January 31st. Investors of record on Friday, February 15th will be paid a dividend of $0.13 per share on Monday, February 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Thursday, February 14th. This is a boost from Bankwell Financial Group's previous quarterly dividend of $0.12. View Bankwell Financial Group's Dividend History.
How were Bankwell Financial Group's earnings last quarter?
Bankwell Financial Group Inc (NASDAQ:BWFG) issued its quarterly earnings data on Wednesday, January, 30th. The bank reported $0.59 EPS for the quarter, topping the Zacks' consensus estimate of $0.56 by $0.03. The bank had revenue of $15.07 million for the quarter, compared to the consensus estimate of $15 million. Bankwell Financial Group had a net margin of 20.76% and a return on equity of 11.07%. 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 equities research analysts have issued 12 month price objectives for Bankwell Financial Group's shares. Their predictions range from $34.00 to $37.00. On average, they anticipate Bankwell Financial Group's stock price to reach $35.50 in the next twelve months. This suggests a possible upside of 12.9% 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.
What are Wall Street analysts saying about Bankwell Financial Group stock?
Here are some recent quotes from research analysts about Bankwell Financial Group stock:
- 1. According to Zacks Investment Research, "Bankwell Financial Group, Inc. is a commercial bank which serves residents and businesses primarily in Fairfield and New Haven Counties, CT. It offers checking, savings, money market accounts; demand and NOW deposits, certificates of deposit, commercial lending products as well as electronic banking and online banking services. Bankwell Financial Group, Inc. is headquartered in New Canaan, Connecticut. " (2/7/2019)
- 2. Boenning Scattergood analysts commented, "We maintain our Outperform rating. We are revising our price target to $34 (from $36.50) to account for the recent contraction in industry multiples." (11/1/2018)
Has Bankwell Financial Group been receiving favorable news coverage?
Media coverage about BWFG stock has trended positive this week, according to InfoTrie. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Bankwell Financial Group earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an effect on the stock's share price in the next few days.
Who are some of Bankwell Financial Group's key competitors?
Some companies that are related to Bankwell Financial Group include Republic Bancorp, Inc. KY (RBCAA), Washington Trust Bancorp (WASH), Triumph Bancorp (TBK), Fidelity Southern (LION), Central Pacific Financial (CPF), First National Bank Alaska (FBAK), Allegiance Bancshares (ABTX), Carolina Financial (CARO), Origin Bancorp (OBNK), State Bank Financial (STBZ), Stock Yards Bancorp (SYBT), Bryn Mawr Bank (BMTC), Great Southern Bancorp (GSBC), TrustCo Bank Corp NY (TRST) and Lakeland Bancorp (LBAI).
What other stocks do shareholders of Bankwell Financial Group own?
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 59)
- Mr. Penko Krassimir Ivanov, Exec. VP & CFO (Age 50)
- Mr. Todd H. Lampert, Corp. Sec. & Director (Age 56)
- Ms. Heidi S. DeWyngaert, Exec. VP & Chief Lending Officer (Age 63)
- Scott Messina, First VP & Chief Information Officer
Who are Bankwell Financial Group's major shareholders?
Bankwell Financial Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Seidman Lawrence B (7.30%), BlackRock Inc. (4.05%), Siena Capital Partners GP LLC (1.69%), Perritt Capital Management Inc. (1.35%), Dimensional Fund Advisors LP (1.27%) and Summit Trail Advisors LLC (1.13%). Company insiders that own Bankwell Financial Group stock include Blake S Drexler, Carl M Porto, Christopher R Gruseke, David P Dineen, Heidi Dewyngaert, James A Fieber, Laura Waitz, Penko Krassimir Ivanov and Todd Lampert. View Institutional Ownership Trends for Bankwell Financial Group.
Which major investors are selling Bankwell Financial Group stock?
BWFG stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Perritt Capital Management Inc., Siena Capital Partners GP LLC and New York State Common Retirement Fund. Company insiders that have sold Bankwell Financial Group company stock in the last year include David P Dineen, Heidi Dewyngaert, Laura Waitz and Todd Lampert. View Insider Buying and Selling for Bankwell Financial Group.
Which major investors are buying Bankwell Financial Group stock?
BWFG stock was bought by a variety of institutional investors in the last quarter, including Seidman Lawrence B, Summit Trail Advisors LLC, Clover Partners L.P., Dimensional Fund Advisors LP, BlackRock Inc., Janney Montgomery Scott LLC, Rhumbline Advisers and Geode Capital Management LLC. 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 $31.44.
How big of a company is Bankwell Financial Group?
Bankwell Financial Group has a market capitalization of $246.49 million and generates $83.96 million in revenue each year. The bank earns $17.43 million in net income (profit) each year or $2.39 on an earnings per share basis. Bankwell Financial Group employs 141 workers across the globe.
What is Bankwell Financial Group's official website?
How can I contact Bankwell Financial Group?
Bankwell Financial Group's mailing address is 220 ELM STREET, NEW CANAAN CT, 06840. The bank can be reached via phone at 203-652-0166 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.
