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Bankwell Financial (BWFG) Company Profile

Updated Aug 8, 2019
Bankwell Financial has the following business profile:
Company's Full Name:Bankwell Financial Group, Inc.
Short Name:Bankwell Financial
Trading Ticker Symbol:BWFG
Primary Exchange:NASDAQ
Headquarter City/Country:Connecticut, CT
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Bankwell Financial

The following details were available for trading and market data about the stock of Bankwell Financial as of writing:
Current Share Price:$26
Previous Year's Closing Price:$28.71
Percentage Price Change (YTD):-9.44%
Market Cap:$196.03 million
52-week Price Range:$25.81 - $31.93
Dividend Per Share:$0.5
EPS (TTM):2.37
Price-Earnings (Trailing):10.97
Price-Earnings (Forward):11.4

Company Profile and Business Description for Bankwell Financial

Bankwell Financial Group, Inc., incorporated on January 11, 2007, is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut, with branch locations in New Canaan, Stamford, Fairfield, Wilton, Norwalk, Hamden and North Haven Connecticut.

Lending Activities

The Bank's lending focus is to serve commercial and middle-market businesses and their executives, high net worth individuals, not-for-profit organizations and consumers with a range of financial products and services. The Bank offers an array of commercial and retail lending products. The Bank's commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans (such as business term loans, equipment financing and lines of credit) to small and mid-sized businesses, and real estate construction and development loans. The Bank's retail lending products include residential mortgage loans, home equity lines of credit and consumer installment loans.

The Bank offers a range of commercial loans, including business term loans, equipment financing and lines of credit to small and midsized businesses. The Bank's focus commercial loan market is retail and professional establishments and small- to medium-sized businesses. The Bank offers real estate loans for commercial property that is owner-occupied, as well as commercial property owned by real estate investors. The Bank's commercial loans are secured by owner-occupied commercial real estate, and collateralized by operating cash flows. The Bank's construction portfolio includes loans to small and midsized businesses to construct owner-user properties, loans to developers of commercial real estate investment properties, and residential developments and loans to individual clients for construction of single family homes. The Bank offers first lien one- to four-family mortgage loans, as well as home equity lines of credit, on owner-occupied primary residences. The Bank also originates for resale one- to four-family mortgage loans, which are classified as loans held for sale until sold to investors. The Bank's total loans are approximately $1.1 billion.

Investment Activities

The Bank manages its investment portfolio primarily for liquidity purposes, with a secondary focus on returns through the use of a liquidity portfolio and an earnings portfolio. The Bank's investments securities are classified as available-for-sale and held to maturity. The Bank invests in a range of high-grade securities, including government agency securities, government guaranteed mortgage backed securities, corporate bonds and municipal securities. The Bank's carrying value of its investment securities portfolio totaled approximately $50.8 million.

Sources of Funds

The Bank's sources of funds include deposits, brokered certificates of deposit, Federal Home Loan Bank (FHLB) borrowings, subordinated debt and proceeds from the sales, maturities and payments of loans and investment securities. Deposits are its main source of funds to support the earning assets. The Bank offers traditional depository products, including checking, savings, money market, certificates of deposit, noninterest-bearing demand, negotiable order of withdrawal (NOW) and time deposits. The Bank's total deposits are approximately $1 billion.

208 Elm St

Peer / Competitor Companies of Major Banks Sector

Along with Bankwell Financial Group, Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

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▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile  and Dividend History.

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile  and Dividend History.

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▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile  and Dividend History.

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile  and Dividend History.

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile  and Dividend History.

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile  and Dividend History.

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▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile  and Dividend History.

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▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile  and Dividend History.

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