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
Current Ratio1.12
Quick Ratio1.12
Price-To-Earnings
Sales & Book Value
Annual Sales$75.83 million
Price / Sales2.99
Price / Cash Flow12.90
Price / Book1.39
Profitability
Net Income$13.83 million
Net Margins19.82%
Return on Assets0.99%
Miscellaneous
Employees141
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 Wednesday, October 31st. Investors of record on Friday, November 16th will be paid a dividend of $0.12 per share on Monday, November 26th. This represents a $0.48 annualized dividend and a yield of 1.66%. The ex-dividend date is Thursday, November 15th. View Bankwell Financial Group's Dividend History.
How were Bankwell Financial Group's earnings last quarter?
Bankwell Financial Group Inc (NASDAQ:BWFG) released its earnings results on Tuesday, October, 30th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The bank earned $15.11 million during the quarter, compared to analysts' expectations of $15.20 million. Bankwell Financial Group had a net margin of 19.82% and a return on equity of 10.88%. 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 expect Bankwell Financial Group's share price to reach $35.50 in the next twelve months. This suggests a possible upside of 22.8% 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.
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. " (1/14/2019)
- 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?
Press coverage about BWFG stock has trended negative recently, according to InfoTrie. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bankwell Financial Group earned a media sentiment score of -2.5 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the next several days.
Who are some of Bankwell Financial Group's key competitors?
Some companies that are related to Bankwell Financial Group include Enterprise Financial Services (EFSC), Washington Trust Bancorp (WASH), OFG Bancorp (OFG), First National Bank Alaska (FBAK), Republic Bancorp, Inc. KY (RBCAA), State Bank Financial (STBZ), Origin Bancorp (OBNK), Triumph Bancorp (TBK), Stock Yards Bancorp (SYBT), Allegiance Bancshares (ABTX), Fidelity Southern (LION), German American Bancorp. (GABC), Central Pacific Financial (CPF), Community Trust Bancorp (CTBI) and Bryn Mawr Bank (BMTC).
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)
- Scott Messina, First VP & Chief Information Officer
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 $28.92.
How big of a company is Bankwell Financial Group?
Bankwell Financial Group has a market capitalization of $226.48 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.
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.
