Bankwell Financial Group, Inc. (BWFG)

NASDAQ: BWFG · IEX Real-Time Price · USD
25.11
+0.11 (0.44%)
Feb 27, 2024, 4:00 PM EST - Market closed
0.44%
Market Cap 197.07M
Revenue (ttm) 97.18M
Net Income (ttm) 36.16M
Shares Out 7.88M
EPS (ttm) 4.64
PE Ratio 5.41
Forward PE 8.02
Dividend $0.80 (3.19%)
Ex-Dividend Date Feb 12, 2024
Volume 7,304
Open 25.03
Previous Close 25.00
Day's Range 25.00 - 25.26
52-Week Range 21.22 - 30.83
Beta 0.81
Analysts Buy
Price Target 34.00 (+35.4%)
Earnings Date Jan 24, 2024

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]

Sector Financials
Founded 2002
Employees 139
Stock Exchange NASDAQ
Ticker Symbol BWFG
Full Company Profile

Financial Performance

In 2022, BWFG's revenue was $92.35 million, an increase of 25.47% compared to the previous year's $73.60 million. Earnings were $37.43 million, an increase of 40.78%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for BWFG stock is "Buy" and the 12-month stock price forecast is $34.0.

Price Target
$34.0
(35.40% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 $...

4 weeks ago - Business Wire

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...

4 months ago - Business Wire

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...

6 months ago - Business Wire

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 $8.0 million, or $1.02 per share for the second quarter of 2023, versus $12.0 million, or ...

7 months ago - Business Wire

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 ...

7 months ago - Business Wire

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...

10 months ago - Market Watch

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 $10.4 million, or $1.33 per share for the first quarter of 2023, versus $8.2 million, or $...

10 months ago - Business Wire

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.

Other symbols: PGC
11 months ago - Barrons

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

Other symbols: ATLOHLFNRIMWBD
1 year ago - GuruFocus

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

Bankwell Financial Group Reports Record Net Income for the Fourth Quarter and Full Year 2021; Increases Dividend by 11%; Provides Guidance For 2022

NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported record GAAP net income for the fourth quarter and year ended 2021. For the fourth quarter of 2021 net income ...

2 years ago - Business Wire

Bankwell Financial Group Reports Record Net Income for the Third Quarter; Declares Fourth Quarter Dividend; and Authorizes an Additional 200 Thousand Shares for Its Share Repurchase Program

NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported record GAAP net income of $6.9 million, or $0.87 per share, for the third quarter of 2021, versus $3.0 millio...

2 years ago - Business Wire

Bankwell Financial Group Reports Record Operating Results for the Second Quarter; Increases Dividend by 29%

NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ:BWFG) reported record GAAP net income of $6.2 million, or $0.79 per share, for the second quarter of 2021, versus $1.2 millio...

2 years ago - Business Wire

Bankwell Financial Group Reports Strong Operating Results for the First Quarter; Declares Second Quarter Dividend

NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ:BWFG) reported GAAP net income of $5.7 million, or $0.71 per share, for the first quarter of 2021, versus $1.4 million, or $0...

3 years ago - Business Wire

Bankwell Financial Group Reports Operating Results for the Fourth Quarter and Full Year 2020; Declares First Quarter Dividend

NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $0.3 million, or $0.04 per share, for the fourth quarter of 2020, versus $3.5 million, or ...

3 years ago - Business Wire

Bankwell Financial Group, Inc. Announces Resumption of Share Repurchase Program and One-Time Charges Associated with Expense Reduction Initiatives

NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) (the “Company”) announced today that it will resume its previously authorized share repurchase program. Under the exis...

3 years ago - Business Wire

Bankwell Financial Group Reports Operating Results for the Third Quarter With Strong Core Deposit Growth

NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ:BWFG) reported GAAP net income of $3.0 million, or $0.38 per share, for the third quarter of 2020, versus $4.1 million, or $0...

3 years ago - Business Wire

Bankwell Financial Group Reports Operating Results for the Second Quarter, Continued Reserve Build and Maintains Quarterly Dividend

NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc.

3 years ago - Business Wire