# Bankwell Financial Group, Inc. (BWFG)

> Source: Nexqual · https://nexqual.com/BWFG · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Bankwell Financial Group, Inc. (BWFG), nexqual.com/BWFG" · informational, not investment advice.

**Price:** USD 66.89 (+0.07% on the day) · last close of Oct 28, 2026; US market pre market, not a live price. Prev close 66.84 · day 65.93–67.15 · 52w 42.5–69.59 · market cap $533M · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $122M, net income $42.9M (35.2% margin) (SEC filings).
- Valuation: P/E 12.4x (avg 13.7x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $626K; 4 not under a Rule 10b5-1 plan ($626K); 0 by opportunistic insiders, 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 15 Form 4 filings, $1.6M; 0 by opportunistic insiders, 15 by routine insiders.
- Analysts: Buy (mean 2.33 on a 1–5 scale) (3 analysts), mean target USD 69.5 (range 67–72).
- Next earnings: 2026-10-29, EPS estimate USD 1.44, revenue estimate $33.1M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $73.5M | $97.8M | $99.3M | $87.0M | $108M | $122M |
| Net income | $26.6M | $37.4M | $36.7M | $9.8M | $35.2M | $42.9M |
| EPS (diluted) | $3.36 | $4.79 | $4.67 | $1.23 | $4.45 | — |
| Free cash flow | — | $77.7M | $29.9M | $29.3M | $27.1M | $34.5M |
| Net margin | 36.2% | 38.3% | 36.9% | 11.2% | 32.5% | 35.2% |
| Revenue growth | +27.4% | +33.0% | +1.6% | -12.4% | +24.5% | — |
| Cash + short-term investments | $453M | $477M | $397M | $454M | $417M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 12.4x · P/S 4.4x · P/FCF 15.5x · P/B 1.6x · FCF yield 6.47% · Earnings yield 8.04% · Dividend yield (paid, TTM) 1.18% · Buyback yield (TTM) 0.03%
P/E at fiscal year-ends: Dec 2025 10.2x, Dec 2024 24.7x, Dec 2023 6.3x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-31 | Hildebrand Ryan Jason | Chief Innovation Officer | 2,246 | $150K | 100% | No | Too little history (no open-market trades in 2023) |
| 2026-07-01 | Hildebrand Ryan Jason | Chief Innovation Officer | 1,088 | $64K | 32.6% | No | Too little history (no open-market trades in 2023) |
| 2026-06-05 | Lampert Todd | Director | 3,500 | $188K | 10.2% | No | Too little history (no open-market trades in 2024) |
| 2026-05-01 | Chivily Christine | EVP & Chief Credit Officer | 4,321 | $225K | 26.7% | No | Routine (sold in Jul each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
15 purchases, $1.6M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-08 | Seidman Lawrence B | Director | 5,266 | $353K | 66.94 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-09-08 | Dale Eric J | Director | 530 | $36K | 67.11 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-09-08 | Dunne Jeffrey R | Director | 261 | $18K | 67.11 | Routine (bought in Jun & Sep & Dec each year 2023–2025) |
| 2026-09-08 | Drexler Blake S | Director | 116 | $8K | 67.11 | Routine (bought in Mar & Dec each year 2023–2025; this trade is outside those months) |
| 2026-09-08 | Porto Carl M | Director | 327 | $22K | 67.11 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-08-25 | Seidman Lawrence B | Director | 2,540 | $167K | 65.92 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025; this trade is outside those months) |
| 2026-08-07 | Seidman Lawrence B | Director | 10,000 | $666K | 66.63 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025; this trade is outside those months) |
| 2026-06-05 | Seidman Lawrence B | Director | 323 | $17K | 53.7 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-06-05 | Dale Eric J | Director | 588 | $32K | 53.7 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-06-05 | Drexler Blake S | Director | 79 | $4K | 53.7 | Routine (bought in Mar & Dec each year 2023–2025; this trade is outside those months) |
| 2026-06-05 | Dunne Jeffrey R | Director | 315 | $17K | 53.7 | Routine (bought in Jun & Sep & Dec each year 2023–2025) |
| 2026-06-05 | Porto Carl M | Director | 370 | $20K | 53.7 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-06-01 | Seidman Lawrence B | Director | 3,381 | $175K | 51.87 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-05-15 | Seidman Lawrence B | Director | 170 | $8K | 49.92 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025; this trade is outside those months) |
| 2026-05-13 | Seidman Lawrence B | Director | 1,930 | $97K | 50.11 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025; this trade is outside those months) |

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 3 analysts; mean target USD 69.5 (low 67, high 72).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-28 | Keefe, Bruyette & Woods | Target raised | Outperform | $62 → $72 |

## Peers (Banks - Regional)
FITB (Fifth Third Bancorp) USD 53.47 -0.22% · NU (Nu Holdings Ltd.) USD 11.97 -3.47% · TFC (Truist Financial Corporation) USD 48.42 -0.25% · DB (Deutsche Bank AG) USD 33.51 +4.33% · NWG (NatWest Group plc) USD 17.23 +2.13% · LYG (Lloyds Banking Group Plc) USD 5.5 +1.85%

## More
Full page: https://nexqual.com/BWFG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.44 | $1.34 | +7.7% | $33.1M | 3 |
| Next quarter (ends 2026-12-31) | $1.40 | $1.40 | -0.4% | $33.5M | 2 |
| Current fiscal year (ends 2026-12-31) | $5.78 | $5.44 | +6.1% | $129.6M | 3 |
| Next fiscal year (ends 2027-12-31) | $5.93 | $5.59 | +6.1% | $138.0M | 3 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $1.52 | $1.29 | Beat +17.8% | — |
| — | Quarter ended Mar 31, 2026 | $1.41 | $1.22 | Beat +15.6% | — |
| — | Quarter ended Dec 31, 2025 | $1.15 | $1.19 | Miss −3.4% | — |
| — | Quarter ended Sep 30, 2025 | $1.27 | $1.06 | Beat +19.8% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-29 | 8-K | Quarterly results; Regulation FD disclosure; Other material event — “Quarterly Dividend Announcement On October 29, 2026 , Bankwell Financial Group, Inc. (the Company), parent company of Bankwell Bank, announced that on October 29, 2026, its Board of Directors voted to pay a quarterly dividend in the amount of $0.20 per share on November 20, 2026 to all shareholders of record as of November 9, 2026.” | https://www.sec.gov/Archives/edgar/data/1505732/000162828026068043/0001628280-26-068043-index.htm |
| 2026-10-27 | Schedule 13G/A | BlackRock, Inc.: 4.8% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1505732/000201238326003759/0002012383-26-003759-index.htm |
| 2026-08-05 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1505732/000150573226000105/0001505732-26-000105-index.htm |
| 2026-07-27 | Schedule 13G | BlackRock, Inc.: 5.2% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1505732/000201238326002200/0002012383-26-002200-index.htm |
| 2026-07-23 | 8-K | Quarterly results; Regulation FD disclosure; Other material event — “Quarterly Dividend Announcement On July 23, 2026 , Bankwell Financial Group, Inc. (the Company), parent company of Bankwell Bank, announced that on July 23, 2026, its Board of Directors voted to pay a quarterly dividend in the amount of $0.20 per share on August 21, 2026 to all shareholders of record as of August 10, 2026.” | https://www.sec.gov/Archives/edgar/data/1505732/000150573226000098/0001505732-26-000098-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.