BWFG Stock Overview
Bankwell Financial Group, Inc. operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers.
Bankwell Financial Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$29.85|
|52 Week High||US$36.87|
|52 Week Low||US$29.02|
|1 Month Change||-6.72%|
|3 Month Change||-3.87%|
|1 Year Change||2.44%|
|3 Year Change||9.18%|
|5 Year Change||-15.77%|
|Change since IPO||326.43%|
Recent News & Updates
Bankwell Financial: Growth Of Loan Volume To Counter Margin Compression
Summary 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 level. The December 2022 target price suggests a high upside from the current market price. Further, BWFG is offering a decent dividend yield. Earnings of Bankwell Financial Group, Inc. (BWFG) will surge this year on the back of heightened loan growth and extraordinary prepayment fees. On the other hand, future margin compression and heightened provisioning will restrict earnings growth. Overall, I'm expecting Bankwell Financial to report earnings of $4.60 per share for 2022, up 37% year-over-year. For 2023, I'm expecting earnings to dip by just 1% to $4.57 per share. The December 2022 target price suggests a high upside from the current market price. Therefore, I'm maintaining a buy rating on Bankwell Financial Group. Rising Interest Rates to Thrash the Margin The ongoing rate up-cycle has been steeper and longer than previously anticipated. The Federal Reserve has already increased the fed funds rate by 300 basis points so far this year and is projecting a further around 150 basis points hike till the end of next year. Such large monetary tightening is going to hurt Bankwell Financial this year and the next. This is because the company's balance sheet is currently in an unfavorable position. More liabilities than assets are subject to repricing as interest rates change, according to details given in the 10-Q filing. Negotiable order of withdrawal, money market, and savings accounts made up 58% of total deposits at the end of June 2022. These deposits will reprice soon after every rate hike. In comparison, only around 22% of the loan portfolio is either floating or set to reprice in the next twelve months, as mentioned in the earnings presentation. The results of the management's interest-rate sensitivity analysis given in the 10-Q filing showed that a 200-basis points ramp in interest rates can decrease the net interest income by 4.0% over twelve months. 2Q 2022 10-Q Filing Despite the liability sensitivity, the net interest margin actually increased during the second quarter to 4.01% from 3.30% in the first quarter of this year. This expansion was attributable to elevated loan prepayment fees, which the management doesn't expect to recur, as mentioned in the earnings release. Further, strong loan growth during the quarter contributed to the margin expansion. The effect of the loan growth gives me hope that Bankwell Financial will be able to ride out this up-rate cycle without too much damage. However, unlike most other banks, Bankwell Financial will most certainly not benefit from rising interest rates. Considering these factors, I'm expecting the margin to plunge by 50 basis points in the second half of 2022 and then remain somewhat stable in 2023. Compared to my last report on Bankwell Financial Group, I've increased the margin estimate for 2022 because of the second quarter's surprisingly good performance. Excluding the elevated prepayment fees, I've reduced my margin estimate. Healthy Pipelines, Regional Economic Activity to Sustain Loan Growth The strong loan growth trend that started last year continued in the second quarter of 2022, with the portfolio increasing by 3.7% during the quarter, or 14.7% annualized. Loan growth will likely remain elevated in the near term as the management mentioned in the earnings release that the third quarter's loan pipeline is at record levels. Further, economic activity will help with loan growth. Bankwell Financial serves businesses and residents of Connecticut. While the state's unemployment rate is higher than the national average, it is still at a very good level from a historical perspective. Data by YCharts As more than 91% of total loans are to commercial borrowers (including commercial real estate), the coincident economic activity index is another good indicator of credit demand. This index includes the unemployment rate, average hours worked, and wages and salaries. As shown below, economic activity in Connecticut is back to the pre-pandemic level. Federal Reserve Bank of Philadelphia Bankwell Financial closed its Wilton branch in July, which leaves just nine branches in total. The branch closing could have a negative effect on loan growth. Further, high interest rates are likely to reduce the credit demand for projects that are not urgent. Considering these factors, I'm expecting the loan portfolio to increase by 3% every quarter till the end of 2023. Meanwhile, I'm expecting other balance sheet items to grow somewhat in line with loans. The following table shows my balance sheet estimates. FY18 FY19 FY20 FY21 FY22E FY23E Financial Position Net Loans 1,587 1,589 1,602 1,875 2,161 2,432 Growth of Net Loans 4.3% 0.1% 0.8% 17.1% 15.2% 12.6% Other Earning Assets 119 101 111 161 140 151 Deposits 1,502 1,492 1,827 2,124 2,157 2,428 Borrowings and Sub-Debt 185 175 200 84 145 157 Common equity 174 182 177 202 218 246 Book Value Per Share ($) 22.4 23.4 22.8 26.0 28.6 32.3 Tangible BVPS ($) 22.1 23.1 22.5 25.7 28.2 31.9 Source: SEC Filings, Author's Estimates (In USD million unless otherwise specified) Higher than Average Provisioning Likely for the Second Half Bankwell Financial surprised me in the second quarter by reporting a large reversal of the previous provisioning. Nonperforming loans were 0.74% of total loans, while allowances were 0.77% of total loans at the end of the last quarter. Bankwell Financial Group is not yet subject to the Current Expected Credit Losses accounting standard, CECL, and still provisions based on incurred losses. Therefore, such a tight allowance coverage is not too problematic. Nevertheless, I'm expecting provisioning to be higher than the historical average in future quarters. Apart from the thin coverage, I'm expecting a worsening credit quality to keep provisioning elevated. The high-inflation environment will likely be one of the biggest contributors to financial stress for borrowers. Further, according to management's estimates, if the company had used the CECL method of accounting, then earnings would have been lower by $0.09 per share in the second quarter of 2022, as mentioned in the earnings release. This means that the company is currently facing greater risk than what's incorporated in the existing allowances. Overall, I'm expecting the net provision expense to be 0.23% of total loans (annualized) in the second half of 2022 and 0.16% of total loans in 2023. In comparison, the net provision expense averaged 0.16% in the last five years. In my last report on Bankwell Financial, I estimated a net provision expense of $2 million for 2022. Due to the second quarter's surprise, I've now reduced my full-year estimate to $1 million. Earnings to Surge by 37% Robust loan growth will likely be the biggest driver of earnings growth this year. Further, the elevated prepayment fees booked in the second quarter will keep earnings elevated for this year. On the other hand, future margin compression and elevated provisioning will likely limit earnings growth. Overall, I'm expecting Bankwell Financial Group to report earnings of $4.60 per share for 2022, up 37% year-over-year. For 2023, I'm expecting earnings to be somewhat flattish at around $4.57 per share. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 56 54 55 68 88 97 Provision for loan losses 3 0 8 (0) 1 4 Non-interest income 4 5 3 6 4 5 Non-interest expense 36 36 43 40 45 52 Net income - Common Sh. 17 18 6 26 35 35 EPS - Diluted ($) 2.21 2.31 0.75 3.36 4.60 4.57 Source: SEC Filings, Earnings Releases, Author's Estimates (In USD million unless otherwise specified) In my last report on Bankwell Financial, I estimated earnings of $4.07 per share for 2022. I've increased my earnings estimate because the margin increased by more than I expected in the second quarter of 2022. Further, I've reduced my provisioning estimate following the second quarter's surprise.
|BWFG||US Banks||US Market|
Return vs Industry: BWFG exceeded the US Banks industry which returned -24.8% over the past year.
Return vs Market: BWFG exceeded the US Market which returned -22.1% over the past year.
|BWFG Average Weekly Movement||2.9%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: BWFG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BWFG's weekly volatility (3%) has been stable over the past year.
About the Company
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 secured by commercial real estate, multi-family dwellings, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans secured by savings or certificate accounts and automobiles; and unsecured personal loans and overdraft lines of credit.
Bankwell Financial Group Fundamentals Summary
|BWFG fundamental statistics|
Is BWFG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BWFG income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||4.52|
|Net Profit Margin||40.50%|
How did BWFG perform over the long term?See historical performance and comparison
2.7%Current Dividend Yield
Is BWFG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BWFG?
Other financial metrics that can be useful for relative valuation.
|What is BWFG's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does BWFG's PE Ratio compare to its peers?
|BWFG PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
OBT Orange County Bancorp
NRIM Northrim BanCorp
EVBN Evans Bancorp
PKBK Parke Bancorp
BWFG Bankwell Financial Group
Price-To-Earnings vs Peers: BWFG is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (8.7x).
Price to Earnings Ratio vs Industry
How does BWFG's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: BWFG is good value based on its Price-To-Earnings Ratio (6.6x) compared to the US Banks industry average (9.5x)
Price to Earnings Ratio vs Fair Ratio
What is BWFG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||6.6x|
|Fair PE Ratio||8.4x|
Price-To-Earnings vs Fair Ratio: BWFG is good value based on its Price-To-Earnings Ratio (6.6x) compared to the estimated Fair Price-To-Earnings Ratio (8.4x).
Share Price vs Fair Value
What is the Fair Price of BWFG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BWFG ($29.85) is trading below our estimate of fair value ($49.75)
Significantly Below Fair Value: BWFG is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Bankwell Financial Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BWFG's earnings are forecast to decline over the next 3 years (-13% per year).
Earnings vs Market: BWFG's earnings are forecast to decline over the next 3 years (-13% per year).
High Growth Earnings: BWFG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BWFG's revenue (2% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BWFG's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BWFG's Return on Equity is forecast to be high in 3 years time
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How has Bankwell Financial Group performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BWFG has high quality earnings.
Growing Profit Margin: BWFG's current net profit margins (40.5%) are higher than last year (24%).
Past Earnings Growth Analysis
Earnings Trend: BWFG's earnings have grown by 10.3% per year over the past 5 years.
Accelerating Growth: BWFG's earnings growth over the past year (128.6%) exceeds its 5-year average (10.3% per year).
Earnings vs Industry: BWFG earnings growth over the past year (128.6%) exceeded the Banks industry 8.7%.
Return on Equity
High ROE: BWFG's Return on Equity (15.5%) is considered low.
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How is Bankwell Financial Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: BWFG's Assets to Equity ratio (10.8x) is moderate.
Allowance for Bad Loans: BWFG has a sufficient allowance for bad loans (103%).
Low Risk Liabilities: 92% of BWFG's liabilities are made up of primarily low risk sources of funding.
Loan Level: BWFG has an appropriate level of Loans to Assets ratio (84%).
Low Risk Deposits: BWFG's Loans to Deposits ratio (100%) is appropriate.
Level of Bad Loans: BWFG has an appropriate level of bad loans (0.7%).
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What is Bankwell Financial Group current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|Bankwell Financial Group Dividend Yield vs Market|
|Company (Bankwell Financial Group)||2.7%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Banks)||3.4%|
|Analyst forecast in 3 Years (Bankwell Financial Group)||2.7%|
Notable Dividend: BWFG's dividend (2.68%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: BWFG's dividend (2.68%) is low compared to the top 25% of dividend payers in the US market (4.69%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BWFG has been paying a dividend for less than 10 years.
Growing Dividend: BWFG's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (17%), BWFG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Gruseke (62 yo)
Mr. Christopher R. Gruseke, also known as Chris, has been Chief Executive Officer of Bankwell Financial Group, Inc. and Bankwell Bank since February 27, 2015. Mr. Gruseke has been President of Bankwell Fin...
CEO Compensation Analysis
|Chris Gruseke's Compensation vs Bankwell Financial Group Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$1m||US$600k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$2m||US$600k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$998k||US$550k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$1m||US$550k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$798k||US$550k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$785k||US$507k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$1m||US$422k|
Compensation vs Market: Chris's total compensation ($USD1.26M) is about average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Experienced Management: BWFG's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: BWFG's board of directors are considered experienced (8.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BWFG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|23 Sep 22||SellUS$60,060||Todd Lampert||Individual||2,000||US$31.25|
|21 Sep 22||BuyUS$752||Blake Drexler||Individual||24||US$31.34|
|21 Sep 22||BuyUS$6,460||Eric Dale||Individual||206||US$31.36|
|21 Sep 22||BuyUS$4,086||James Garnett||Individual||131||US$31.19|
|21 Sep 22||BuyUS$4,959||Lawrence Seidman||Individual||159||US$31.19|
|21 Sep 22||BuyUS$4,201||Carl Porto||Individual||134||US$31.35|
|29 Aug 22||BuyUS$75,553||Darryl Demos||Individual||2,350||US$32.15|
|25 Aug 22||BuyUS$5,128||Eric Dale||Individual||157||US$32.66|
|25 Aug 22||BuyUS$2,678||Carl Porto||Individual||82||US$32.66|
|25 Aug 22||BuyUS$718||James Garnett||Individual||22||US$32.65|
|25 Aug 22||BuyUS$4,572||Blake Drexler||Individual||140||US$32.66|
|23 Aug 22||BuyUS$6,832||Eric Dale||Individual||209||US$32.69|
|23 Aug 22||BuyUS$4,044||James Garnett||Individual||124||US$32.61|
|23 Aug 22||BuyUS$4,577||Carl Porto||Individual||140||US$32.69|
|23 Aug 22||BuyUS$4,989||Lawrence Seidman||Individual||153||US$32.61|
|01 Aug 22||SellUS$49,035||Laura Waitz||Individual||1,500||US$32.69|
|19 Jul 22||BuyUS$6,871||Eric Dale||Individual||213||US$32.26|
|19 Jul 22||BuyUS$5,000||Lawrence Seidman||Individual||155||US$32.26|
|19 Jul 22||BuyUS$4,065||James Garnett||Individual||126||US$32.26|
|19 Jul 22||BuyUS$4,613||Carl Porto||Individual||143||US$32.26|
|29 Jun 22||BuyUS$4,074||James Garnett||Individual||132||US$30.86|
|29 Jun 22||BuyUS$6,456||Eric Dale||Individual||208||US$31.04|
|29 Jun 22||BuyUS$4,968||Lawrence Seidman||Individual||161||US$30.86|
|29 Jun 22||BuyUS$4,282||Carl Porto||Individual||138||US$31.03|
|24 Jun 22||BuyUS$6,075||Richard Castiglioni||Individual||200||US$30.40|
|24 Jun 22||BuyUS$305,000||James Garnett||Individual||10,000||US$30.50|
|24 Jun 22||BuyUS$6,150||Penko Ivanov||Individual||200||US$30.75|
|26 May 22||BuyUS$50,098||Darryl Demos||Individual||1,450||US$34.55|
|24 May 22||BuyUS$776||James Garnett||Individual||23||US$33.84|
|24 May 22||BuyUS$12,163||Eric Dale||Individual||360||US$33.84|
|24 May 22||BuyUS$4,891||Blake Drexler||Individual||145||US$33.84|
|24 May 22||BuyUS$9,017||Daniel Jones||Individual||267||US$33.84|
|24 May 22||BuyUS$7,231||Carl Porto||Individual||214||US$33.84|
|24 May 22||BuyUS$5,002||Lawrence Seidman||Individual||149||US$33.57|
|24 May 22||BuyUS$4,096||James Garnett||Individual||122||US$33.57|
|28 Apr 22||BuyUS$3,572||Daniel Jones||Individual||106||US$33.70|
|28 Apr 22||BuyUS$6,807||Eric Dale||Individual||202||US$33.70|
|28 Apr 22||BuyUS$4,583||Carl Porto||Individual||136||US$33.70|
|28 Apr 22||BuyUS$4,980||Lawrence Seidman||Individual||148||US$33.65|
|28 Apr 22||BuyUS$4,072||James Garnett||Individual||121||US$33.65|
|17 Mar 22||BuyUS$3,691||Carl Porto||Individual||108||US$34.18|
|17 Mar 22||BuyUS$4,039||James Garnett||Individual||118||US$34.23|
|17 Mar 22||BuyUS$2,256||Daniel Jones||Individual||66||US$34.18|
|17 Mar 22||BuyUS$5,195||Eric Dale||Individual||152||US$34.18|
|17 Mar 22||BuyUS$4,963||Lawrence Seidman||Individual||145||US$34.23|
|25 Feb 22||BuyUS$12,401||Eric Dale||Individual||359||US$34.85|
|25 Feb 22||BuyUS$7,228||Carl Porto||Individual||209||US$34.85|
|25 Feb 22||BuyUS$9,649||Daniel Jones||Individual||280||US$34.85|
|25 Feb 22||BuyUS$4,995||Lawrence Seidman||Individual||143||US$34.93|
|25 Feb 22||BuyUS$4,087||James Garnett||Individual||117||US$34.93|
|24 Feb 22||BuyUS$923||James Garnett||Individual||27||US$34.20|
|24 Feb 22||BuyUS$5,985||Blake Drexler||Individual||175||US$34.20|
|16 Feb 22||BuyUS$3,510||Daniel Jones||Individual||101||US$34.75|
|16 Feb 22||BuyUS$4,170||Carl Porto||Individual||120||US$34.75|
|16 Feb 22||BuyUS$869||Blake Drexler||Individual||25||US$34.75|
|16 Feb 22||BuyUS$6,220||Eric Dale||Individual||179||US$34.75|
|16 Feb 22||BuyUS$4,066||James Garnett||Individual||117||US$34.75|
|16 Feb 22||BuyUS$5,004||Lawrence Seidman||Individual||144||US$34.75|
|31 Jan 22||BuyUS$9,860||Penko Ivanov||Individual||290||US$34.00|
|03 Jan 22||BuyUS$8,084||Lawrence Seidman||Individual||247||US$32.73|
|03 Jan 22||BuyUS$3,993||James Garnett||Individual||122||US$32.73|
|31 Dec 21||BuyUS$11,819||Blake Drexler||Individual||361||US$32.74|
|31 Dec 21||BuyUS$6,646||Daniel Jones||Individual||203||US$32.74|
|31 Dec 21||BuyUS$7,890||Eric Dale||Individual||241||US$32.74|
|31 Dec 21||BuyUS$5,533||Carl Porto||Individual||169||US$32.74|
|31 Dec 21||BuyUS$131||James Garnett||Individual||4||US$32.70|
|21 Dec 21||SellUS$40,306||Laura Waitz||Individual||1,282||US$31.44|
|09 Dec 21||BuyUS$8,252||Blake Drexler||Individual||244||US$33.82|
|09 Dec 21||BuyUS$4,293||Lawrence Seidman||Individual||131||US$32.77|
|09 Dec 21||BuyUS$3,113||James Garnett||Individual||95||US$32.77|
|09 Dec 21||BuyUS$4,870||Eric Dale||Individual||144||US$33.82|
|09 Dec 21||BuyUS$3,923||Daniel Jones||Individual||116||US$33.82|
|09 Dec 21||BuyUS$2,942||Carl Porto||Individual||87||US$33.82|
|06 Dec 21||BuyUS$818||James Garnett||Individual||26||US$31.48|
|06 Dec 21||BuyUS$4,188||Eric Dale||Individual||133||US$31.49|
|06 Dec 21||BuyUS$2,078||Carl Porto||Individual||66||US$31.49|
|06 Dec 21||BuyUS$5,385||Blake Drexler||Individual||171||US$31.49|
|06 Dec 21||BuyUS$4,188||Daniel Jones||Individual||133||US$31.49|
|29 Nov 21||BuyUS$222,766||Veteri Place Corporation||Company||7,186||US$31.00|
|19 Nov 21||BuyUS$83,971||Veteri Place Corporation||Company||2,709||US$31.00|
|09 Nov 21||BuyUS$344,498||Matthew McNeill||Individual||11,070||US$31.12|
|03 Nov 21||BuyUS$4,593||Penko Ivanov||Individual||150||US$30.62|
|02 Nov 21||BuyUS$8,379||Eric Dale||Individual||277||US$30.25|
|02 Nov 21||BuyUS$3,842||Daniel Jones||Individual||127||US$30.25|
|02 Nov 21||BuyUS$5,748||Carl Porto||Individual||190||US$30.25|
|02 Nov 21||BuyUS$11,979||Blake Drexler||Individual||396||US$30.25|
|02 Nov 21||BuyUS$5,326||Lawrence Seidman||Individual||176||US$30.26|
|02 Nov 21||BuyUS$5,598||James Garnett||Individual||185||US$30.26|
|01 Oct 21||BuyUS$10,797||Blake Drexler||Individual||366||US$29.50|
|01 Oct 21||BuyUS$6,844||Eric Dale||Individual||232||US$29.50|
|01 Oct 21||BuyUS$4,630||Daniel Jones||Individual||157||US$29.49|
|01 Oct 21||BuyUS$4,276||Carl Porto||Individual||145||US$29.49|
|30 Sep 21||BuyUS$3,981||James Garnett||Individual||135||US$29.49|
|30 Sep 21||BuyUS$5,279||Lawrence Seidman||Individual||179||US$29.49|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Bankwell Financial Group, Inc.'s employee growth, exchange listings and data sources
- Name: Bankwell Financial Group, Inc.
- Ticker: BWFG
- Exchange: NasdaqGM
- Founded: 2002
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$225.894m
- Shares outstanding: 7.57m
- Website: https://www.mybankwell.com
Number of Employees
- Bankwell Financial Group, Inc.
- 258 Elm Street
- New Canaan
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BWFG||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Jul 2004|
|33W||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 2004|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.