Bankwell Financial Group, Inc. (BWFG)
| Market Cap | 244.19M |
| Revenue (ttm) | 72.01M |
| Net Income (ttm) | 14.94M |
| Shares Out | 7.63M |
| EPS (ttm) | 1.94 |
| PE Ratio | 16.46 |
| Forward PE | 10.06 |
| Dividend | $0.80 (2.50%) |
| Ex-Dividend Date | Nov 8, 2024 |
| Volume | 35,442 |
| Open | 30.30 |
| Previous Close | 30.61 |
| Day's Range | 30.30 - 32.42 |
| 52-Week Range | 22.47 - 35.25 |
| Beta | 0.86 |
| Analysts | Buy |
| Price Target | 40.00 (+25.0%) |
| Earnings Date | Jan 22, 2025 |
About BWFG
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 sec... [Read more]
Financial Performance
In 2023, Bankwell Financial Group's revenue was $98.44 million, an increase of 6.60% compared to the previous year's $92.35 million. Earnings were $35.71 million, a decrease of -2.49%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for BWFG stock is "Buy" and the 12-month stock price forecast is $40.0.
News
Bankwell Financial Group, Inc. (BWFG) Q3 2024 Earnings Call Transcript
Bankwell Financial Group, Inc. (NASDAQ:BWFG) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Courtney Sacchetti - CFO Chris Gruseke - President & CEO Matt McNeill -...
Bankwell Financial Group Reports Operating Results for the Third Quarter, Declares Fourth Quarter Dividend, and Announces Share Repurchase Plan
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG), a leading commercial bank with a growing digital focus, reported GAAP net income of $1.9 million, or $0.24 per share ...
Bankwell Financial Group, Inc. Announces Date of Third Quarter Earnings Conference Call
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG), the holding company for Bankwell Bank, today announced that it will issue its earnings release for the quarter ended ...
Bankwell Hires Head of SBA Lending
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG), the parent company of Bankwell Bank, has announced the appointment of Michael Johnston as Senior Vice President in th...
Bankwell Financial Group Reports Operating Results for the Second Quarter and Declares Third Quarter Dividend
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $1.1 million, or $0.14 per share for the second quarter of 2024, versus $8.0 million, or $...
Kevin Leitão Elected to the Board of Directors of Bankwell Financial Group, Inc. and Bankwell Bank
NEW CANAAN, Conn.--(BUSINESS WIRE)--On May 29, 2024, the Boards of Directors of Bankwell Financial Group, Inc. (the "Company") and its wholly-owned subsidiary, Bankwell Bank (together with the Company...
Bankwell Financial Group Reports Operating Results for the First Quarter and Declares Second Quarter Dividend
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.8 million, or $0.48 per share for the first quarter of 2024, versus $10.4 million, or $...
Bankwell Financial Group Reports Operating Results for the Fourth Quarter and Full Year 2023; Declares First Quarter Dividend
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $8.5 million, or $1.09 per share for the fourth quarter of 2023, versus $8.0 million, or $...
Bankwell Financial Group Reports Operating Results for the Third Quarter and Declares Fourth Quarter Dividend
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $9.8 million, or $1.25 per share for the third quarter of 2023, versus $9.2 million, or $1...
KBRA Releases Surveillance Report for Bankwell Financial Group, Inc.
NEW YORK--(BUSINESS WIRE)-- #KBRA--On August 2, 2023, KBRA downgraded the ratings for Bankwell Financial Group, Inc. (NASDAQ: BWFG) ("Bankwell" or "the company"), including the senior unsecured debt r...
Bankwell Hires Chief Innovation Officer
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG), parent company of Bankwell Bank, today announced that Ryan J. Hildebrand has been appointed Executive Vice President ...
These banks have high exposure to loans secured by office properties — here's how their stocks have performed
Investors are right to be worried about declining values for office buildings. We appear to be at the start of a long transition for many cities, after the COVID-19 pandemic made clear that for many t...
Investors Dumped Bank Stocks. Insiders at 2 Small Lenders Bought Shares.
Insiders at Peapack-Gladstone and Bankwell Financial scooped up shares in March as the banking sector tanked after SVB's collapse.
Bankwell Financial: Attractively Valued Without Too Much Risk
The deposit mix has worsened more than I previously expected. As a result, I've reduced my margin estimate for 2023. Loan growth will likely plunge from the phenomenal level achieved in 2022. However,...
Jeffrey Dunne Elected to the Board of Directors of Bankwell Financial Group, Inc. and Bankwell Bank
NEW CANAAN, Conn.--(BUSINESS WIRE)--Effective March 9, 2023, the Boards of Directors of Bankwell Financial Group, Inc. (the "Company") and its wholly-owned subsidiary, Bankwell Bank (together with the...
Bankwell Financial Group Reports Record Loan Growth for the Fourth Quarter and Full Year 2022; Declares First Quarter Dividend
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $8.0 million, or $1.04 per share for the fourth quarter of 2022, versus $7.8 million, or...
Bankwell Financial Group Reports Strong Operating Results on Record Loan Growth for the Third Quarter; Declares Fourth Quarter Dividend
NEW CANAAN, Conn.
Bankwell Financial: Growth Of Loan Volume To Counter Margin Compression
The rapid rise in interest rates will hurt the net interest margin as liability repricing will outweigh asset repricing. Connecticut's economic activity will likely keep loan growth at an elevated lev...
Bankwell Financial Group Reports Record Net Income for the Second Quarter; Gross Loans Surpass $2 Billion; and Declares Third Quarter Dividend
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported record GAAP net income of $12.0 million, or $1.55 per share, for the second quarter of 2022, versus $6.2 mill...
5 Stocks Insiders Have Boosted Over the Past 2 Months
According to the Insider Cluster Buys Screen, a Premium feature of GuruFocus, five stocks with a high GF Score and high insider buys over the past two months include Ames National Corp. ( ATLO , Finan...
Darryl Demos Elected to the Board of Directors of Bankwell Financial Group, Inc. and Bankwell Bank
NEW CANAAN, Conn.--(BUSINESS WIRE)--On May 25, 2022, Bankwell Financial Group, Inc.'s (the "Company", the holding company for Bankwell Bank, the “Bank”) shareholders elected Darryl Demos to serve as a...
Bankwell Financial Group Reports Record Net Income for the First Quarter; Declares Second Quarter Dividend
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported record GAAP net income of $8.2 million, or $1.04 per share, for the first quarter of 2022, versus $5.7 millio...
Bankwell Financial: The Loan Book Is Heavily Geared Towards CRE And Commercial Loans
Bankwell Financial is a Connecticut-based local bank with almost $2.5B in assets on the balance sheet.