Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides a range of banking products and services to commercial and consumer customers in Connecticut. Its deposit products include checking, savings, and money market accounts; and time, demand, and NOW deposits, as well as certificates of deposit. The company also provides commercial lending products, including owner-occupied commercial real estate loans, commercial real estate investment loans, business term loans, equipment financing, and lines of credit to small and medium-sized businesses, as well as real estate construction and development loans; and consumer loans, such as loans secured by savings or certificate accounts, and automobiles, as well as unsecured personal loans and overdraft lines of credit. It operates through branch offices in New Canaan, Stamford, Norwalk, Fairfield, Darien, Westport, Wilton, and Hamden, Connecticut. 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.
IPO Year: 2014
Exchange: NASDAQ
Website: mybankwell.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/10/2023 | $26.00 | Outperform | Hovde Group |
Hovde Group initiated coverage of Bankwell Financial Group with a rating of Outperform and set a new price target of $26.00
Keefe Bruyette upgraded Bankwell Financial Group from Mkt Perform to Outperform and set a new price target of $35.00 from $32.00 previously
Boenning & Scattergood upgraded Bankwell Financial Group from Neutral to Outperform and set a new price target of $33.00
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
10-Q - Bankwell Financial Group, Inc. (0001505732) (Filer)
8-K - Bankwell Financial Group, Inc. (0001505732) (Filer)
8-K - Bankwell Financial Group, Inc. (0001505732) (Filer)
10-Q/A - Bankwell Financial Group, Inc. (0001505732) (Filer)
10-Q - Bankwell Financial Group, Inc. (0001505732) (Filer)
8-K - Bankwell Financial Group, Inc. (0001505732) (Filer)
8-K - Bankwell Financial Group, Inc. (0001505732) (Filer)
8-K - Bankwell Financial Group, Inc. (0001505732) (Filer)
8-K - Bankwell Financial Group, Inc. (0001505732) (Filer)
10-Q - Bankwell Financial Group, Inc. (0001505732) (Filer)
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 for the third quarter of 2024, versus $1.1 million, or $0.14 per share, for the second quarter of 2024. The Company's Board of Directors declared a $0.20 per share cash dividend, payable November 22, 2024 to shareholders of record on November 11, 2024. Third quarter of 2024 results include an $8.2 million previously disclosed charge-off taken against a $13.7 million office loan participation as a $0.79 drag to earnings per share. Pre-tax, pre-provision net revenue (PPNR) of $9.0 million, or $1.17 per share, fell 7% relative to th
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 September 30, 2024, on Monday, October 28, 2024, after market close. Management will also host an audio webcast and conference call at 10:00 a.m. Eastern Time, on Tuesday, October 29, 2024, to review the Company's financial performance and operating results. The audio webcast link, along with the corresponding presentation slides, will be available on the Company's Investor Relations site (https://investor.mybankwell.com/news-market-data/event-calendar/default.aspx) prior to the beginning of the webcast. The webcast will also be
Bankwell Financial Group, Inc. (NASDAQ:BWFG), the parent company of Bankwell Bank, has announced the appointment of Michael Johnston as Senior Vice President in the newly established role of Head of SBA Lending. Mr. Johnston most recently served as the National Sales Director for Ready Capital, the nation's fourth largest SBA lender. Additionally, Mr. Johnston has held various lending and underwriting positions at Zions Bank, Bank of the West, CapitalSource, and Washington Mutual. Christopher R. Gruseke, President and CEO of Bankwell, stated, "We are excited to welcome Michael to the team. We have created the new role of Head of SBA Lending to further our evolution as a relationship-drive
Combining industry leaders in ERISA and cannabis compliance, the country's first fully vetted and transparent PEP for legal cannabis companies is now available to join The North American Companies Council, Inc. (The NACC™) announced today that it has been offering a 401(k) Pooled Employer Plan (PEP) to its members. This groundbreaking initiative is designed to exclusively serve cannabis-related entities across the country. The NACC PEP is the country's first fully vetted and transparent 401(k) solution for legal cannabis companies. To date, it is the only fully vetted retirement savings option for this industry. Jeff Mayhall, Board Member, The NACC™, said, "Retirement savings is an impor
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 $1.02 per share, for the same period in 2023. Pre-tax, pre-provision net revenue ("PPNR") was $9.7 million, or $1.25 per share, for the second quarter of 2024, versus $12.8 million, or $1.68 per share for the same period in 2023. The Company's Board of Directors declared a $0.20 per share cash dividend, payable August 23, 2024 to shareholders of record on August 12, 2024. We recommend reading this earnings release in conjunction with the Second Quarter 2024 Investor Presentation, located at http://investor.mybankwell.com/Presen
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") elected Kevin Leitão to serve as a Director of the Company and Bankwell Bank. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701230026/en/Kevin Leitão, Director (Photo: Business Wire) Mr. Leitão is the founder of Leitão Law LLC, in New Canaan, CT. His law practice reflects his more than 30 years of experience as an in-house counsel, as a compliance and risk management executive and in private practice. Mr. Leitão's primary focus since 2000 has been on
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 $1.33 per share, for the same period in 2023. Pre-tax, pre-provision net revenue ("PPNR") was $8.8 million, or $1.14 per share, for the first quarter of 2024, versus $14.4 million, or $1.89 per share for the same period in 2023. The Company's Board of Directors declared a $0.20 per share cash dividend, payable May 21, 2024 to shareholders of record on May 10, 2024. We recommend reading this earnings release in conjunction with the First Quarter 2024 Investor Presentation, located at http://investor.mybankwell.com/Presentations
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 $1.04 per share, for the same period in 2022. For the year ended 2023, net income totaled $36.7 million, or $4.67 per share, versus $37.4 million, or $4.79 per share, for the same period in 2022. The Company's Board of Directors declared a $0.20 per share cash dividend, payable February 23, 2024 to shareholders of record on February 13, 2024. We recommend reading this earnings release in conjunction with the Fourth Quarter 2023 Investor Presentation, located at http://investor.mybankwell.com/Presentations and included as an exh
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 $1.18 per share, for the same period in 2022. The Company's Board of Directors declared a $0.20 per share cash dividend, payable November 20, 2023 to shareholders of record on November 10, 2023. We recommend reading this earnings release in conjunction with the Third Quarter 2023 Investor Presentation, located at http://investor.mybankwell.com/Presentations and included as an exhibit to our October 25, 2023 Current Report on Form 8-K. Notes Bankwell Financial Group President and CEO, Christopher R. Gruseke: "We continue to g
On August 2, 2023, KBRA downgraded the ratings for Bankwell Financial Group, Inc. (NASDAQ:BWFG) ("Bankwell" or "the company"), including the senior unsecured debt rating to BBB- from BBB and the subordinated debt rating to BB+ from BBB-, while affirming the short-term debt rating of K3. KBRA also downgraded the ratings for the company's subsidiary, Bankwell Bank ("the bank"), including the deposit and senior unsecured debt ratings to BBB from BBB+, the subordinated debt rating to BBB- from BBB, and the short-term deposit and debt ratings to K3 from K2. The Outlook for all long-term ratings is Stable. To access rating and relevant documents, click here. Click here to view the report. A
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Bankwell Financial Group, Inc. (NASDAQ:BWFG), the parent company of Bankwell Bank, has announced the appointment of Michael Johnston as Senior Vice President in the newly established role of Head of SBA Lending. Mr. Johnston most recently served as the National Sales Director for Ready Capital, the nation's fourth largest SBA lender. Additionally, Mr. Johnston has held various lending and underwriting positions at Zions Bank, Bank of the West, CapitalSource, and Washington Mutual. Christopher R. Gruseke, President and CEO of Bankwell, stated, "We are excited to welcome Michael to the team. We have created the new role of Head of SBA Lending to further our evolution as a relationship-drive
Combining industry leaders in ERISA and cannabis compliance, the country's first fully vetted and transparent PEP for legal cannabis companies is now available to join The North American Companies Council, Inc. (The NACC™) announced today that it has been offering a 401(k) Pooled Employer Plan (PEP) to its members. This groundbreaking initiative is designed to exclusively serve cannabis-related entities across the country. The NACC PEP is the country's first fully vetted and transparent 401(k) solution for legal cannabis companies. To date, it is the only fully vetted retirement savings option for this industry. Jeff Mayhall, Board Member, The NACC™, said, "Retirement savings is an impor
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 existing program, the Company may repurchase an additional 307,333 shares, or approximately 4% of the Company’s outstanding shares. The Company also announced that it will include one-time pre-tax charges of approximately $3.9 million in its Q4 2020 results. Approximately $2.3 million of these charges are estimated to result in future cash expenditures. The charges are related to the Company’s previously announced expense reduction initiative and were approved by the Company’s Board of Dir
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
4 - Bankwell Financial Group, Inc. (0001505732) (Issuer)
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 for the third quarter of 2024, versus $1.1 million, or $0.14 per share, for the second quarter of 2024. The Company's Board of Directors declared a $0.20 per share cash dividend, payable November 22, 2024 to shareholders of record on November 11, 2024. Third quarter of 2024 results include an $8.2 million previously disclosed charge-off taken against a $13.7 million office loan participation as a $0.79 drag to earnings per share. Pre-tax, pre-provision net revenue (PPNR) of $9.0 million, or $1.17 per share, fell 7% relative to th
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 September 30, 2024, on Monday, October 28, 2024, after market close. Management will also host an audio webcast and conference call at 10:00 a.m. Eastern Time, on Tuesday, October 29, 2024, to review the Company's financial performance and operating results. The audio webcast link, along with the corresponding presentation slides, will be available on the Company's Investor Relations site (https://investor.mybankwell.com/news-market-data/event-calendar/default.aspx) prior to the beginning of the webcast. The webcast will also be
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 $1.02 per share, for the same period in 2023. Pre-tax, pre-provision net revenue ("PPNR") was $9.7 million, or $1.25 per share, for the second quarter of 2024, versus $12.8 million, or $1.68 per share for the same period in 2023. The Company's Board of Directors declared a $0.20 per share cash dividend, payable August 23, 2024 to shareholders of record on August 12, 2024. We recommend reading this earnings release in conjunction with the Second Quarter 2024 Investor Presentation, located at http://investor.mybankwell.com/Presen
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 $1.33 per share, for the same period in 2023. Pre-tax, pre-provision net revenue ("PPNR") was $8.8 million, or $1.14 per share, for the first quarter of 2024, versus $14.4 million, or $1.89 per share for the same period in 2023. The Company's Board of Directors declared a $0.20 per share cash dividend, payable May 21, 2024 to shareholders of record on May 10, 2024. We recommend reading this earnings release in conjunction with the First Quarter 2024 Investor Presentation, located at http://investor.mybankwell.com/Presentations
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 $1.04 per share, for the same period in 2022. For the year ended 2023, net income totaled $36.7 million, or $4.67 per share, versus $37.4 million, or $4.79 per share, for the same period in 2022. The Company's Board of Directors declared a $0.20 per share cash dividend, payable February 23, 2024 to shareholders of record on February 13, 2024. We recommend reading this earnings release in conjunction with the Fourth Quarter 2023 Investor Presentation, located at http://investor.mybankwell.com/Presentations and included as an exh
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 $1.18 per share, for the same period in 2022. The Company's Board of Directors declared a $0.20 per share cash dividend, payable November 20, 2023 to shareholders of record on November 10, 2023. We recommend reading this earnings release in conjunction with the Third Quarter 2023 Investor Presentation, located at http://investor.mybankwell.com/Presentations and included as an exhibit to our October 25, 2023 Current Report on Form 8-K. Notes Bankwell Financial Group President and CEO, Christopher R. Gruseke: "We continue to g
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 $1.55 per share, for the same period in 2022. The Company's Board of Directors declared a $0.20 per share cash dividend, payable August 24, 2023 to shareholders of record on August 14, 2023. We recommend reading this earnings release in conjunction with the Second Quarter 2023 Investor Presentation, located at http://investor.mybankwell.com/Presentations and included as an exhibit to our July 26, 2023 Current Report on Form 8-K. Notes Bankwell Financial Group President and CEO, Christopher R. Gruseke: "Against the headwind
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 $1.04 per share, for the same period in 2022. The Company's Board of Directors declared a $0.20 per share cash dividend, payable May 23, 2023 to shareholders of record on May 12, 2023. We recommend reading this earnings release in conjunction with the First Quarter 2023 Investor Presentation, located at http://investor.mybankwell.com/Presentations and included as an exhibit to our April 26, 2023 Current Report on Form 8-K. Notes Bankwell Financial Group President and CEO, Christopher R. Gruseke: "Bankwell delivered excellen
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 $0.99 per share, for the same period in 2021. For the year ended 2022, net income totaled $37.4 million, or $4.79 per share, versus $26.6 million, or $3.36 per share, for the same period in 2021. The Company's Board of Directors declared a $0.20 per share cash dividend, payable February 23, 2023 to shareholders of record on February 13, 2023. We recommend reading this earnings release in conjunction with the Fourth Quarter 2022 Investor Presentation, located at http://investor.mybankwell.com/Presentations and included as an exhib
Bankwell Financial Group, Inc. (NASDAQ:BWFG) reported GAAP net income of $9.2 million, or $1.18 per share, for the third quarter of 2022, versus $6.9 million, or $0.87 per share, for the same period in 2021. During the quarter ended September 30, 2022 the Company experienced another quarter of elevated loan prepayments that positively impacted reported earnings. Adjusting for this, operating earnings per share totaled $1.08 for the third quarter of 2022. Please reference the table below for a reconciliation of reported earnings per share to operating earnings per share. Earnings Per Common Share 3Q'22 QTD Reported Diluted EPS $ 1.18 Elevated Loan Prepayments(1)
Bankwell Finl Gr (NASDAQ:BWFG) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.10 by 40 percent.
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains Bankwell Finl Gr (NASDAQ:BWFG) with a Outperform and lowers the price target from $35 to $34.
Bankwell Finl Gr (NASDAQ:BWFG) reported quarterly earnings of $1.09 per share which beat the analyst consensus estimate of $0.87 by 25.29 percent. This is a 4.81 percent increase over earnings of $1.04 per share from the same period last year.
Bankwell Finl Gr (NASDAQ:BWFG) reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $0.93 by 34.41 percent. This is a 5.93 percent increase over earnings of $1.18 per share from the same period last year.
At the end of today, August 24, 2023, Bankwell Finl Gr (NASDAQ:BWFG) will distribute a dividend payout of $0.20 per share, translating to an annualized dividend yield of 3.05%. Shareholders who held the stock before the ex-dividend date on August 11, 2023 will benefit from this payout. Bankwell Finl Gr Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
Bankwell Finl Gr (NASDAQ:BWFG) reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of $0.86 by 18.6 percent. This is a 34.19 percent decrease over earnings of $1.55 per share from the same period last year.
On Thursday, 498 companies reached new 52-week lows. Things to Consider About Today's 52-Week Lows: Pfizer (NYSE:PFE) was the biggest company in terms of market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was NovaBay Pharmaceuticals (AMEX:NBY). Mullen Automotive (NASDAQ:MULN)'s stock traded down the lowest, falling 2028.33% to reach a new 52-week low. Innoviz Technologies (NASDAQ:INVZ) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. The following stocks created new 52-week lows on Thursday: Pfizer (NYSE:PFE) stock drifted down 0.18% on Thursday morning to hit a new 52-week low of $38.02. C
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains Bankwell Finl Gr (NASDAQ:BWFG) with a Outperform and lowers the price target from $35 to $34.5.
Bankwell Finl Gr (NASDAQ:BWFG) reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of $1.01 by 31.68 percent. This is a 27.88 percent increase over earnings of $1.04 per share from the same period last year. The company reported quarterly sales of $27.07 million which beat the analyst consensus estimate of $22.92 million by 18.09 percent. This is a 32.24 percent increase over sales of $20.47 million the same period last year.
On Wednesday, 345 companies set new 52-week lows. Interesting Highlights From Today's 52-Week Lows: Pfizer (NYSE:PFE) was the largest company by market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was Windtree Therapeutics (NASDAQ:WINT). SharpLink Gaming (NASDAQ:SBET) made the largest move down on the session, with shares plummeting 832.52% to reach its 52-week low. Hope Bancorp (NASDAQ:HOPE) shares were the most resilient of the group, as shares actually moved up 0.0% in response to hitting its 52-week low. The stocks that set new 52-week lows on Wednesday: Danaher (NYSE:DHR) shares made a new 52-week low of $227.07 on Wednesday. T