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Last $18.31 USD
Change Today +0.11 / 0.60%
Volume 6.5K
BWFG On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

bankwell financial group inc (BWFG) Snapshot

Open
$17.93
Previous Close
$18.20
Day High
$18.50
Day Low
$17.93
52 Week High
12/15/14 - $21.90
52 Week Low
10/10/14 - $17.11
Market Cap
132.6M
Average Volume 10 Days
14.8K
EPS TTM
$1.03
Shares Outstanding
7.2M
EX-Date
--
P/E TM
17.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for BANKWELL FINANCIAL GROUP INC (BWFG)

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bankwell financial group inc (BWFG) Details

Bankwell Financial Group, Inc. operates as the holding company for Bankwell Bank that provides banking products and services to commercial and consumer customers in Connecticut. It offers 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 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 retail lending products comprising residential mortgage loans, home equity lines of credit and consumer installment loans to the community in general and commercial customers, as well as to their executives and employees. It operates through a network of nine branches and a loan production office in Fairfield and New Haven Counties, Connecticut. The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. The company was founded in 2002 and is headquartered in New Canaan, Connecticut.

129 Employees
Last Reported Date: 08/10/15
Founded in 2002

bankwell financial group inc (BWFG) Top Compensated Officers

Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $200.5K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $271.9K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $246.2K
Compensation as of Fiscal Year 2014.

bankwell financial group inc (BWFG) Key Developments

Bankwell Financial Group Completes Private Placement of $25.5 Million Subordinated Notes

Bankwell Financial Group, Inc. completed a private placement of $25.5 million in aggregate principal amount of fixed-rated subordinated notes to certain institutional investors. The notes are noncallable for five years, have a stated maturity of Aug. 15, 2025, and bear interest at a quarterly pay fixed rate of 5.75% per year to the maturity date or any early redemption date. These have been structured to qualify for the company as Tier 2 capital under regulatory guidelines. Bankwell Financial Group intends to use the net proceeds from the sales of the notes for general corporate purposes, including to redeem the approximately $11.0 million outstanding of its senior noncumulative perpetual preferred stock issued in 2011 to the U.S. Department of the Treasury under the Small Business Lending Fund program.

Bankwell Financial Group, Inc. Announces Private Placement of $25.5 Million of Fixed Rate Subordinated Notes

Bankwell Financial Group, Inc. announced that it has completed a private placement of $25.5 million in aggregate principal amount of fixed rated subordinated notes to certain institutional investors. The notes are non-callable for five years, have a stated maturity of August 15, 2025, and bear interest at a quarterly pay fixed rate of 5.75% per year to the maturity date or any early redemption date. The notes have been structured to quality for the company as Tier 2 capital under regulatory guidelines. The company plans to use the net proceeds from the sales of the notes for general corporate purposes, including to redeem the approximately $11.0 million outstanding of its Senior Noncumulative Perpetual Preferred Stock issued in 2011 to the U.S. Treasury under the Small Business Lending Fund Program. Keefe, Bruyette & Woods served as the sole placement agent for the private offering. Hinckley, Allen & Snyder LLP served as issuer’s counsel and Goodwin Procter LLP served as placement agent’s counsel. The notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The company has agreed to take steps to exchange the privately placed notes for registered notes having substantially the same terms and to file a registration statement with the Securities and Exchange Commission in connection therewith.

Bankwell Financial Group and Bankwell Bank Appoint Carl M. Porto to the Board

The Board of Directors of Bankwell Financial Group, the holding company for Bankwell Bank, announced that Carl M. Porto joined the company’s and Bank’s Boards on July 29, 2015. Mr. Porto is an attorney and Managing Principal in the law firm of Parrett, Porto, Parese & Colwell, Professional Corporation, with offices in Hamden and Guilford.

 

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Industry Average

Valuation BWFG Industry Range
Price/Earnings 20.5x
Price/Sales 3.4x
Price/Book 1.0x
Price/Cash Flow 20.7x
TEV/Sales NM Not Meaningful
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