Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.6%, FCF Yield is 6.6%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%

Low stock price volatility
Vol 12M is 26%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Key risks
BWFG key risks include [1] a high concentration in commercial real estate loans and [2] significant exposure to its top borrowing relationships.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.6%, FCF Yield is 6.6%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -26%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%
4 Low stock price volatility
Vol 12M is 26%
5 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.
6 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
7 Key risks
BWFG key risks include [1] a high concentration in commercial real estate loans and [2] significant exposure to its top borrowing relationships.

BWFG in ETFs

Weight = BWFG's share of each fund

VTI0.00%
IWM0.01%
AVUV0.02%
IWN0.02%
VTWO0.01%
DFAS0.01%
IWO0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/24/2026

Bankwell Financial (BWFG) stock has gained about 30% since 2/28/2026 because of the following key factors:

1. Bankwell Financial Group (BWFG) delivered a strong earnings beat in fiscal Q1 2026. The company reported earnings per share (EPS) of $1.41 for the quarter ended March 31, 2026, surpassing the analyst consensus estimate of $1.2478 by 13.0%. This outperformance was also accompanied by revenue of $30.34 million, exceeding estimates of $30.04 million. The market reacted positively to this news, with shares rising 3.57% following the announcement. These results were attributed to disciplined cost management and stable core operations.

2. The company demonstrated an improved funding profile and effective net interest margin management in fiscal Q1 2026. Bankwell increased core deposits by $113 million, including $39.0 million in low-cost deposits, during the quarter ended March 31, 2026, compared to the prior quarter. This strategy reduced reliance on wholesale funding, with brokered deposits and FHLB borrowings declining by $44.5 million and $50.0 million, respectively. Total deposit costs improved by 5 basis points compared to the previous quarter.

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Updated on 6/24/2026

Bankwell Financial (BWFG) stock has gained about 30% since 2/28/2026 because of the following key factors:

1. Bankwell Financial Group (BWFG) delivered a strong earnings beat in fiscal Q1 2026. The company reported earnings per share (EPS) of $1.41 for the quarter ended March 31, 2026, surpassing the analyst consensus estimate of $1.2478 by 13.0%. This outperformance was also accompanied by revenue of $30.34 million, exceeding estimates of $30.04 million. The market reacted positively to this news, with shares rising 3.57% following the announcement. These results were attributed to disciplined cost management and stable core operations.

2. The company demonstrated an improved funding profile and effective net interest margin management in fiscal Q1 2026. Bankwell increased core deposits by $113 million, including $39.0 million in low-cost deposits, during the quarter ended March 31, 2026, compared to the prior quarter. This strategy reduced reliance on wholesale funding, with brokered deposits and FHLB borrowings declining by $44.5 million and $50.0 million, respectively. Total deposit costs improved by 5 basis points compared to the previous quarter.

3. Positive sentiment in the broader regional banking sector provided a macroeconomic tailwind. The regional banking sector experienced "notably positive" investor sentiment in fiscal Q1 2026, with regional bank share prices climbing 12% on average in the month leading up to April 20, 2026. This indicated cautious optimism regarding interest rate stability and an acceleration in commercial loan growth across the sector, contributing to a favorable environment for BWFG's stock.

4. Stable asset quality further bolstered investor confidence. Bankwell Financial Group maintained sound asset quality, with the allowance for credit losses (ACL)-Loans providing 155.39% coverage of total nonperforming loans as of March 31, 2026 (fiscal Q1 2026). Additionally, nonperforming assets as a percentage of total assets improved to 0.49% at December 31, 2025 (fiscal Q4 2025), from 0.56% in the prior quarter. This stability in credit metrics signaled a healthy loan portfolio and risk management.

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Stock Movement Drivers

Fundamental Drivers

The 28.5% change in BWFG stock from 2/28/2026 to 6/26/2026 was primarily driven by a 17.7% change in the company's Net Income Margin (%).
(LTM values as of)22820266262026Change
Stock Price ($)46.5259.7728.5%
Change Contribution By: 
Total Revenues ($ Mil)9911516.0%
Net Income Margin (%)29.3%34.4%17.7%
P/E Multiple12.511.7-6.4%
Shares Outstanding (Mil)880.7%
Cumulative Contribution28.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/26/2026
ReturnCorrelation
BWFG28.5% 
Market (SPY)6.6%20.5%
Sector (XLF)4.7%41.1%

Fundamental Drivers

The 31.2% change in BWFG stock from 11/30/2025 to 6/26/2026 was primarily driven by a 17.7% change in the company's Net Income Margin (%).
(LTM values as of)113020256262026Change
Stock Price ($)45.5459.7731.2%
Change Contribution By: 
Total Revenues ($ Mil)9911516.0%
Net Income Margin (%)29.3%34.4%17.7%
P/E Multiple12.211.7-4.4%
Shares Outstanding (Mil)880.7%
Cumulative Contribution31.2%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/26/2026
ReturnCorrelation
BWFG31.2% 
Market (SPY)7.3%19.5%
Sector (XLF)1.3%43.8%

Fundamental Drivers

The 75.2% change in BWFG stock from 5/31/2025 to 6/26/2026 was primarily driven by a 136.3% change in the company's Net Income Margin (%).
(LTM values as of)53120256262026Change
Stock Price ($)34.1159.7775.2%
Change Contribution By: 
Total Revenues ($ Mil)8911529.9%
Net Income Margin (%)14.6%34.4%136.3%
P/E Multiple20.311.7-42.5%
Shares Outstanding (Mil)88-0.7%
Cumulative Contribution75.2%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/26/2026
ReturnCorrelation
BWFG75.2% 
Market (SPY)25.1%29.1%
Sector (XLF)6.7%50.0%

Fundamental Drivers

The 182.0% change in BWFG stock from 5/31/2023 to 6/26/2026 was primarily driven by a 188.4% change in the company's P/E Multiple.
(LTM values as of)53120236262026Change
Stock Price ($)21.1959.77182.0%
Change Contribution By: 
Total Revenues ($ Mil)10411510.2%
Net Income Margin (%)37.9%34.4%-9.2%
P/E Multiple4.011.7188.4%
Shares Outstanding (Mil)88-2.2%
Cumulative Contribution182.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/26/2026
ReturnCorrelation
BWFG182.0% 
Market (SPY)81.3%44.8%
Sector (XLF)77.0%57.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BWFG Return72%-8%6%6%50%28%243%
Peers Return87%-18%23%1%22%22%181%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
BWFG Win Rate75%50%58%50%75%83% 
Peers Win Rate75%40%53%47%60%83% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
BWFG Max Drawdown-11%-21%-31%-23%-15%-9% 
Peers Max Drawdown-20%-37%-44%-29%-25%-13% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: WBS, NBTB, VLY, CNOB, CUBI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)

How Low Can It Go

EventBWFGS&P 500
2025 US Tariff Shock
  % Loss-12.4%-18.8%
  % Gain to Breakeven14.2%23.1%
  Time to Breakeven16 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.3%-9.5%
  % Gain to Breakeven11.5%10.5%
  Time to Breakeven10 days24 days
2023 SVB Regional Banking Crisis
  % Loss-30.6%-6.7%
  % Gain to Breakeven44.1%7.1%
  Time to Breakeven236 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-11.4%-24.5%
  % Gain to Breakeven12.9%32.4%
  Time to Breakeven116 days427 days
2020 COVID-19 Crash
  % Loss-55.9%-33.7%
  % Gain to Breakeven126.9%50.9%
  Time to Breakeven339 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-14.5%-19.2%
  % Gain to Breakeven17.0%23.8%
  Time to Breakeven59 days105 days

Compare to WBS, NBTB, VLY, CNOB, CUBI

In The Past

Bankwell Financial's stock fell -12.4% during the 2025 US Tariff Shock. Such a loss loss requires a 14.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventBWFGS&P 500
2023 SVB Regional Banking Crisis
  % Loss-30.6%-6.7%
  % Gain to Breakeven44.1%7.1%
  Time to Breakeven236 days31 days
2020 COVID-19 Crash
  % Loss-55.9%-33.7%
  % Gain to Breakeven126.9%50.9%
  Time to Breakeven339 days140 days
2008-2009 Global Financial Crisis
  % Loss-47.5%-53.4%
  % Gain to Breakeven90.5%114.4%
  Time to Breakeven432 days1085 days

Compare to WBS, NBTB, VLY, CNOB, CUBI

In The Past

Bankwell Financial's stock fell -12.4% during the 2025 US Tariff Shock. Such a loss loss requires a 14.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Bankwell Financial (BWFG)

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Bankwell Financial Group, Inc. (BWFG) operates as the holding company for Bankwell Bank, a community-focused financial institution primarily serving individual and commercial customers. Headquartered in New Canaan, Connecticut, the bank provides a comprehensive range of traditional banking services, focusing on both attracting deposits and extending various types of loans within its local market.

The company's core products include a variety of traditional depository accounts such as checking, savings, money market accounts, and certificates of deposit. On the lending side, Bankwell offers a diverse portfolio that encompasses first mortgage loans for owner-occupied residential properties, home equity loans and lines of credit, and commercial real estate loans, including those for multi-family dwellings, commercial development projects, and investor-owned properties. Additionally, it provides commercial business loans, land loans, and personal loans, both secured and unsecured.

Bankwell's primary customers are individual consumers seeking personal banking and lending solutions, as well as businesses and real estate developers requiring commercial financing and services. The company's market reach is concentrated in specific communities across Connecticut, where it maintains physical branches in towns such as New Canaan, Stamford, Fairfield, Wilton, Westport, Darien, Norwalk, and Hamden.

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AI Analysis | Feedback

Here are 1-3 brief analogies for Bankwell Financial (BWFG):

  • It's like Bank of America for a handful of Connecticut towns.
  • Think of it as a neighborhood JPMorgan Chase in specific Connecticut communities.

AI Analysis | Feedback

  • Depository Products: Offers traditional checking, savings, money market accounts, and certificates of deposit.
  • Residential Mortgage Loans: Provides first mortgage loans secured by one-to-four family owner-occupied residential properties.
  • Home Equity Loans and Lines of Credit: Offers home equity loans and lines of credit secured by owner-occupied residential properties.
  • Commercial Real Estate Loans: Provides loans secured by commercial real estate, multi-family dwellings, and investor-owned one-to-four family dwellings.
  • Commercial Construction Loans: Funds commercial development projects including apartment buildings, condominiums, and various commercial properties.
  • Commercial Business Loans: Offers loans to businesses, typically secured by corporate assets and personal guarantees.
  • Secured and Unsecured Personal Loans: Provides land loans, loans secured by savings, certificates, or automobiles, as well as unsecured personal loans and overdraft lines of credit.

AI Analysis | Feedback

Bankwell Financial (BWFG) primarily serves two broad categories of customers: individuals and businesses. Based on the services described, these can be further refined into the following three categories:

  • Individual Customers: These include individuals seeking traditional depository products (checking, savings, money market, certificates of deposit), first mortgage loans for personal use, home equity loans and lines of credit, and unsecured personal loans or overdraft lines of credit.
  • Commercial Real Estate Clients: This category encompasses businesses and investors involved in commercial real estate, multi-family dwellings, investor-owned one-to-four family dwellings, and commercial development projects (such as apartment buildings, condominiums, office buildings, retail, and other income-producing properties). They are served through commercial real estate loans, commercial construction loans, and land loans.
  • General Business Clients: These are various commercial enterprises seeking commercial business loans, typically secured by assignments of corporate assets and personal guarantees of business owners, as well as general business banking services including traditional depository products.

AI Analysis | Feedback

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AI Analysis | Feedback

Christopher Gruseke, Chief Executive Officer

Christopher Gruseke has over 25 years of finance experience. He previously held roles as a Managing Director of CRT Capital and Co-Chief Operating Officer at Greenwich Capital Markets. Mr. Gruseke was a founding investor and Director of Bankwell Financial Group's predecessors, BNC Financial Group, and The Bank of New Canaan, and later re-joined Bankwell as Chief Strategic Officer before being appointed CEO and President in 2015.

Courtney Sacchetti, Executive Vice President & Chief Financial Officer

Courtney Sacchetti was promoted to Chief Financial Officer in 2023 and has over 18 years of diverse finance and regulatory experience. She began her career at GE Capital in the Financial Management Program and joined Bankwell in 2017.

Ryan Hildebrand, Executive Vice President & Chief Innovation Officer

Ryan Hildebrand brings extensive experience in financial innovation. He co-founded the business banking startup Seed, which was acquired by Cross River Bank in 2019. He also served as head of Finance and Strategy at Simple, playing a crucial role in its sale to BBVA.

Christine A. Chivily, Executive Vice President & Chief Credit Officer

Christine Chivily has over 35 years of banking and real estate finance experience, including roles as Risk Manager at People's United Bank and Director of Freddie Mac's New England region. She joined Bankwell in 2014.

Matthew McNeill, President & Chief Banking Officer

Matthew McNeill has over 20 years of commercial banking experience. His background includes roles at HSBC, Santander, and Metropolitan Commercial Bank, where he was head of Commercial Lending. He joined Bankwell in 2020.

AI Analysis | Feedback

The key risks to Bankwell Financial (BWFG) are:

  1. Commercial Real Estate (CRE) Concentration: Bankwell Financial Group's loan portfolio is heavily weighted towards commercial real estate, which is identified as a key risk for the company. As of the third quarter, 69.8% of the bank's loan mix was in commercial real estate, with nearly 60% of that being non-owner-occupied CRE. When residential real estate and construction loans are included, approximately 77.3% of its loans are allocated to some form of real estate. This high concentration exposes Bankwell Financial to elevated risk compared to institutions with more diversified loan portfolios.
  2. Cybersecurity Risk: Community banks, including Bankwell Financial, face significant cybersecurity threats due to their increasing reliance on cloud banking and potentially fewer resources for robust protection compared to larger institutions. A data breach at Bankwell Financial Group was discovered on January 24, 2025, involving 2GB of data leaked by a threat actor. Such incidents can lead to financial losses, reputational damage, and regulatory penalties.
  3. Credit Risk: As a community bank, Bankwell Financial is inherently exposed to credit risk, which is the risk that borrowers will default on loans or fail to make timely payments. The company offers various traditional depository products and a wide range of lending services, including mortgages, home equity loans, commercial construction loans, and commercial business loans. Community banks often have a higher concentration of loans to small businesses and individuals, increasing their exposure to this fundamental banking risk.

AI Analysis | Feedback

Clear Emerging Threats for Bankwell Financial (BWFG):

  • Digital-only banks (Neobanks): These institutions operate entirely online or through mobile apps, often offering lower fees, higher interest rates on deposits, and highly streamlined digital user experiences without the overhead of physical branches. This directly threatens Bankwell's traditional deposit base (checking, savings, money market, certificates of deposit) and customer acquisition, particularly among customers who prioritize digital convenience over in-person banking.
  • Specialized Fintech Lending Platforms: Various financial technology companies are emerging that specialize in specific lending products (e.g., online mortgage lenders, small business loan platforms, personal loan aggregators). These platforms can offer faster application processes, quicker approvals, and potentially more competitive rates in their niches, directly challenging Bankwell's offerings in first mortgage loans, home equity loans, commercial real estate loans, and commercial business loans.

AI Analysis | Feedback

Bankwell Financial (symbol: BWFG) operates in the Connecticut market. The addressable market sizes for some of its main products and services in this region are as follows: * The Commercial Banking industry in Connecticut is projected to have a market size of $14.7 billion in 2026. This category would encompass commercial real estate loans, commercial construction loans, and commercial business loans. * Total deposits across all banks in Connecticut amount to $168 billion. This represents the market for traditional depository products, including checking, savings, money market, and certificates of deposit. * New home loans booked in Connecticut totaled $10.3 billion in 2024. This indicates the market size for first mortgage loans secured by residential properties. * Small business loans in Connecticut represent a market of $6.5 billion.

AI Analysis | Feedback

Bankwell Financial (BWFG) anticipates several key drivers to fuel its revenue growth over the next two to three years, primarily stemming from strategic loan portfolio expansion, enhanced non-interest income from Small Business Administration (SBA) lending, improvements in its net interest margin, and targeted market expansion.

One significant driver is the projected growth in its loan portfolio, particularly within commercial lending. The company reported net loan growth of 5% in 2025, reaching $134 million, and expects further loan growth of 4% to 5% in 2026. This growth is concentrated in commercial and industrial (C&I) lending over investor real estate, and includes increases in commercial real estate and commercial business loans.

Another crucial element for revenue growth is the expansion of non-interest income, largely driven by SBA lending and associated gain on sale income. Bankwell Financial reported a 35% increase in non-interest income in the fourth quarter of 2025, with $2.2 million from SBA loan sale gains. Management projects SBA originations to increase to approximately $100 million in 2026, up from $68 million in 2025, contributing to an expected total non-interest income of $11 million to $12 million for 2026.

The company also expects to benefit from improved net interest margin (NIM) through reduced deposit funding costs and higher loan yields. In the fourth quarter of 2025, Bankwell's net interest margin rose to 3.40%, attributed to a 15 basis point decline in deposit costs. This trend is supported by an improved funding profile and strategic initiatives in deposit gathering, including the repricing of time deposits at lower rates, which is anticipated to generate annualized interest expense savings. New loan originations are also yielding higher rates, further boosting the net interest margin.

Finally, market expansion into new geographic areas is expected to contribute to future revenue. Bankwell Financial opened a new full-service branch in Brooklyn, New York, in the first quarter of 2026, following regulatory approvals. This expansion broadens the company's presence into the New York City market, offering new opportunities for customer acquisition and commercial lending activities.

AI Analysis | Feedback

Share Repurchases

  • A share repurchase plan, approved in 2018 and amended in 2021, led to the repurchase of 532,802 shares of common stock before its termination in October 2024.
  • In October 2024, Bankwell Financial Group authorized a new share repurchase plan allowing for the buyback of up to 250,000 shares of its outstanding common stock.
  • In the first quarter of 2025, 29,924 shares were repurchased at a weighted average price of $30.46 per share, and in the second quarter of 2025, 14,626 shares were repurchased at a weighted average price of $28.86 per share. Additionally, in the fourth quarter of 2025, share repurchases amounted to $1.3 million.

Share Issuance

  • Restricted stock grants to directors were a form of share issuance, with grants including 1,600 shares in December 2022, 1,600 shares in December 2023, and 1,800 shares in February 2025, under the company's stock plans.

Capital Expenditures

  • In 2025, the company focused on strategic investments aimed at revenue-generating efforts.
  • For 2026, Bankwell Financial plans ongoing investments in its people, infrastructure, and operational capabilities.
  • The company opened a new full-service branch in Brooklyn, New York, in early 2026, expanding its branch network.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BWFGWBSNBTBVLYCNOBCUBIMedian
NameBankwell.Webster .NBT Banc.Valley N.ConnectO.Customer. 
Mkt Price59.7775.6049.5914.7233.2381.0154.68
Mkt Cap0.512.12.68.21.72.82.7
Rev LTM1152,9177242,088424885805
Op Inc LTM-------
FCF LTM311,200229571100287258
FCF 3Y Avg291,13019158381171181
CFO LTM321,252246571107436341
CFO 3Y Avg301,17220458386261232

Growth & Margins

BWFGWBSNBTBVLYCNOBCUBIMedian
NameBankwell.Webster .NBT Banc.Valley N.ConnectO.Customer. 
Rev Chg LTM29.9%11.0%23.1%11.6%56.8%36.5%26.5%
Rev Chg 3Y Avg4.7%3.5%12.1%1.9%14.6%15.2%8.4%
Rev Chg Q28.2%4.4%19.4%12.9%64.7%60.4%23.8%
QoQ Delta Rev Chg LTM6.1%1.1%4.3%3.1%12.0%10.4%5.2%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM27.9%42.9%34.0%27.3%25.2%49.2%30.9%
CFO/Rev 3Y Avg30.6%42.9%33.1%30.3%27.5%33.6%31.9%
FCF/Rev LTM26.6%41.2%31.7%27.3%23.7%32.4%29.5%
FCF/Rev 3Y Avg29.4%41.4%30.9%30.3%25.9%22.0%29.9%

Valuation

BWFGWBSNBTBVLYCNOBCUBIMedian
NameBankwell.Webster .NBT Banc.Valley N.ConnectO.Customer. 
Mkt Cap0.512.12.68.21.72.82.7
P/S4.04.13.63.93.93.13.9
P/Op Inc-------
P/EBIT-------
P/E11.711.814.112.517.09.812.1
P/CFO14.49.610.514.315.66.312.4
Total Yield9.9%10.7%10.0%11.1%7.9%10.2%10.1%
Dividend Yield1.4%2.2%2.9%3.0%2.0%0.0%2.1%
FCF Yield 3Y Avg11.6%12.0%9.5%11.8%8.4%8.7%10.6%
D/E0.30.50.10.40.60.70.4
Net D/E-0.30.2-0.30.20.1-1.3-0.1

Returns

BWFGWBSNBTBVLYCNOBCUBIMedian
NameBankwell.Webster .NBT Banc.Valley N.ConnectO.Customer. 
1M Rtn13.5%3.6%8.5%8.7%11.3%6.4%8.6%
3M Rtn26.3%11.7%19.4%24.1%28.5%19.7%21.9%
6M Rtn28.3%18.7%18.1%25.3%25.4%7.1%22.0%
12M Rtn69.2%41.8%23.0%70.2%47.7%37.5%44.7%
3Y Rtn164.4%119.5%71.2%118.9%111.4%179.3%119.2%
1M Excs Rtn15.7%5.8%10.7%10.9%13.5%8.6%10.8%
3M Excs Rtn11.5%-2.5%4.0%8.1%12.7%3.9%6.1%
6M Excs Rtn18.8%12.4%11.8%19.2%18.8%-0.4%15.6%
12M Excs Rtn51.6%25.3%5.6%53.2%30.7%21.4%28.0%
3Y Excs Rtn94.4%48.9%-3.9%43.9%46.4%111.7%47.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment10887999874
Total10887999874


Price Behavior

Price Behavior
Market Price$59.77 
Market Cap ($ Bil)0.5 
First Trading Date08/12/2008 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$52.97$47.95
DMA Trendupup
Distance from DMA12.8%24.6%
 3M1YR
Volatility26.3%25.7%
Downside Capture-16.1624.81
Upside Capture73.7682.35
Correlation (SPY)16.9%28.9%
BWFG Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.120.780.600.550.740.95
Up Beta1.570.720.460.631.011.05
Down Beta0.920.910.550.400.800.92
Up Capture71%64%75%63%72%93%
Bmk +ve Days13283667141432
Stock +ve Days10233773146406
Down Capture148%110%57%51%49%94%
Bmk -ve Days7132757109318
Stock -ve Days10182651104344

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BWFG
BWFG72.7%25.7%2.08-
Sector ETF (XLF)5.5%14.5%0.1548.8%
Equity (SPY)21.2%12.4%1.2627.6%
Gold (GLD)21.8%27.7%0.700.2%
Commodities (DBC)21.8%18.6%0.92-18.5%
Real Estate (VNQ)16.1%13.6%0.8535.8%
Bitcoin (BTCUSD)-44.7%42.5%-1.2716.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BWFG
BWFG20.1%28.3%0.66-
Sector ETF (XLF)10.7%18.6%0.4453.1%
Equity (SPY)13.4%17.1%0.6142.0%
Gold (GLD)17.8%18.3%0.790.4%
Commodities (DBC)7.4%19.5%0.287.0%
Real Estate (VNQ)3.4%18.9%0.0838.5%
Bitcoin (BTCUSD)10.7%54.0%0.3917.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BWFG
BWFG13.8%30.8%0.48-
Sector ETF (XLF)13.3%22.1%0.5556.0%
Equity (SPY)15.2%18.0%0.7245.0%
Gold (GLD)11.8%16.1%0.60-1.8%
Commodities (DBC)5.9%18.0%0.2614.2%
Real Estate (VNQ)5.6%20.7%0.2343.7%
Bitcoin (BTCUSD)54.6%66.4%0.9512.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 53120268.6%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest4.2 days
Basic Shares Quantity7.7 Mil
Short % of Basic Shares3.0%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/22/20261.9%6.3%7.2%
1/29/20261.7%7.4%-0.2%
10/23/20250.5%-1.4%1.1%
7/28/20256.5%4.5%12.6%
4/23/20254.9%11.5%11.7%
1/22/20253.4%5.1%3.6%
10/28/2024-0.7%-2.5%18.4%
7/24/2024-0.3%6.4%4.0%
...
SUMMARY STATS   
# Positive191720
# Negative574
Median Positive1.9%5.1%5.4%
Median Negative-0.7%-2.5%-2.3%
Max Positive6.5%11.5%28.7%
Max Negative-4.7%-6.2%-15.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/22/20261.9%6.3%7.2%
1/29/20261.7%7.4%-0.2%
10/23/20250.5%-1.4%1.1%
7/28/20256.5%4.5%12.6%
4/23/20254.9%11.5%11.7%
1/22/20253.4%5.1%3.6%
10/28/2024-0.7%-2.5%18.4%
7/24/2024-0.3%6.4%4.0%
4/24/2024-4.7%-5.6%-2.2%
1/24/20241.4%-6.2%-15.0%
10/25/20232.2%3.2%18.0%
7/26/20230.9%1.9%-2.3%
4/26/20233.6%-1.2%4.0%
1/25/2023-0.1%0.6%1.3%
10/26/20222.4%4.9%5.6%
7/27/20221.5%0.3%1.9%
4/27/20220.3%7.7%4.2%
1/26/20221.9%3.7%6.9%
10/27/20212.3%6.1%4.2%
7/28/20210.4%5.7%8.2%
4/28/20211.4%5.8%5.2%
1/27/2021-0.7%2.9%28.7%
10/28/20201.2%-0.8%18.0%
7/28/20202.2%-3.5%1.5%
SUMMARY STATS   
# Positive191720
# Negative574
Median Positive1.9%5.1%5.4%
Median Negative-0.7%-2.5%-2.3%
Max Positive6.5%11.5%28.7%
Max Negative-4.7%-6.2%-15.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202503/04/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202403/05/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202303/12/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/08/202310-K
09/30/202211/07/202210-Q
06/30/202208/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/06/202610-Q
12/31/202503/04/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202403/05/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/08/202410-Q
12/31/202303/12/202410-K
09/30/202311/08/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/08/202310-K
09/30/202211/07/202210-Q
06/30/202208/08/202210-Q
03/31/202205/06/202210-Q
12/31/202103/08/202210-K
09/30/202111/08/202110-Q
06/30/202108/06/202110-Q
03/31/202105/07/202110-Q
12/31/202003/10/202110-K
09/30/202011/04/202010-Q
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201902/28/202010-K
09/30/201911/01/201910-Q
06/30/201907/31/201910-Q

Recent Forward Guidance

Updated 5/31/2026

Latest: Q1 2026 Earnings Reported 4/22/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Non-Interest Income12.00 Mil12.50 Mil13.00 Mil8.7% RaisedGuidance: 11.50 Mil for 2026
2026 Non-Interest Expense64.00 Mil64.50 Mil65.00 Mil0 AffirmedGuidance: 64.50 Mil for 2026

Prior: Q4 2025 Earnings Reported 1/29/2026

null

Insider Activity

Updated 6/8/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lampert, Todd DirectSell608202653.593,500187,565662,694Form
2Seidman, Lawrence B Seidman and Associates, L.L.C.Buy602202651.8587245,21311,342,499Form
3Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy602202651.8756429,2557,317,145Form
4Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy602202651.8671036,8219,193,741Form
5Seidman, Lawrence B LSBK06-08, L.L.C.Buy602202651.8751426,6616,674,995Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lampert, Todd DirectSell608202653.593,500187,565662,694Form
2Seidman, Lawrence B Seidman and Associates, L.L.C.Buy602202651.8587245,21311,342,499Form
3Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy602202651.8756429,2557,317,145Form
4Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy602202651.8671036,8219,193,741Form
5Seidman, Lawrence B LSBK06-08, L.L.C.Buy602202651.8751426,6616,674,995Form
6Seidman, Lawrence B Broad Park Investors, L.L.C.Buy602202651.8754228,1147,025,999Form
7Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy602202652.04985,1001,281,173Form
8Seidman, Lawrence B DirectBuy602202651.95814,208907,203Form
9Seidman, Lawrence B Seidman and Associates, L.L.C.Buy518202649.921708,48610,876,769Form
10Seidman, Lawrence B Seidman and Associates, L.L.C.Buy514202650.0781040,55710,900,940Form
11Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy514202650.1420010,0287,044,820Form
12Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy514202650.181497,4778,860,283Form
13Seidman, Lawrence B LSBK06-08, L.L.C.Buy514202650.0948824,4446,420,186Form
14Seidman, Lawrence B Broad Park Investors, L.L.C.Buy514202650.161798,9796,767,186Form
15Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy514202650.241045,2251,231,935Form
16Chivily, ChristineEVP & Chief Credit OfficerDirectSell504202652.164,321225,383618,878Form
17Seidman, Lawrence B Seidman and Associates, L.L.C.Buy316202646.954,085191,79110,183,643Form
18Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy316202646.961,25959,1236,588,629Form
19Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy316202646.9875435,4238,288,259Form
20Seidman, Lawrence B LSBK06-08, L.L.C.Buy316202646.962,460115,5225,996,088Form
21Seidman, Lawrence B Broad Park Investors, L.L.C.Buy316202646.9791142,7906,328,409Form
22Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy316202646.9953124,9521,147,355Form
23Seidman, Lawrence B Seidman and Associates, L.L.C.Buy313202646.874,085191,4649,974,827Form
24Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy313202646.881,25959,0226,518,383Form
25Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy313202646.8975435,3558,237,026Form
26Seidman, Lawrence B LSBK06-08, L.L.C.Buy313202646.872,460115,3005,869,296Form
27Seidman, Lawrence B Broad Park Investors, L.L.C.Buy313202646.8891142,7086,273,575Form
28Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy313202646.9053124,9041,120,253Form
29Seidman, Lawrence B Seidman and Associates, L.L.C.Buy311202646.934,085191,7099,604,178Form
30Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy311202646.941,25959,0976,408,530Form
31Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy311202646.9575435,4008,176,765Form
32Seidman, Lawrence B LSBK06-08, L.L.C.Buy311202646.942,460115,4725,647,117Form
33Seidman, Lawrence B Broad Park Investors, L.L.C.Buy311202646.9591142,7716,197,400Form
34Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy311202646.9653124,9361,071,815Form
35Seidman, Lawrence B DirectBuy311202647.06361,694817,997Form
36Dunne, Jeffrey R Deferred Compensation PlanBuy309202646.0035716,422267,030Form
37Drexler, Blake S Deferred Compensation PlanBuy309202646.00271,2421,695,284Form
38Porto, Carl M Deferred Compensation PlanBuy309202646.0039318,078998,200Form
39Dale, Eric J Deferred Compensation PlanBuy309202646.0061228,1521,927,768Form
40Seidman, Lawrence B Deferred Compensation PlanBuy309202646.0037017,020207,966Form
41Seidman, Lawrence B Seidman and Associates, L.L.C.Buy309202645.6132014,5959,147,724Form
42Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy309202645.751004,5756,188,465Form
43Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy309202645.751004,5757,933,279Form
44Seidman, Lawrence B LSBK06-08, L.L.C.Buy309202645.661818,2645,380,803Form
45Seidman, Lawrence B Broad Park Investors, L.L.C.Buy309202645.751004,5755,997,322Form
46Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy309202645.751004,5751,019,905Form
47Seidman, Lawrence B Seidman and Associates, L.L.C.Buy302202646.771,02547,9399,365,412Form
48Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy302202646.8131814,8866,327,167Form
49Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy302202646.851918,9488,119,339Form
50Seidman, Lawrence B LSBK06-08, L.L.C.Buy302202646.7861928,9575,504,322Form
51Seidman, Lawrence B Broad Park Investors, L.L.C.Buy302202646.8323110,8186,134,215Form
52Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy302202646.901366,3781,040,852Form
53Seidman, Lawrence B Seidman and Associates, L.L.C.Sell224202647.394,068192,7839,440,988Form
54Seidman, Lawrence B Seidman Investment Partnership, L.P.Sell224202647.401,26159,7716,391,843Form
55Seidman, Lawrence B Seidman Investment Partnership II, L.P.Sell224202647.4176036,0328,207,335Form
56Seidman, Lawrence B LSBK06-08, L.L.C.Sell224202647.392,456116,3905,546,763Form
57Seidman, Lawrence B Broad Park Investors, L.L.C.Sell224202647.4191743,4756,199,237Form
58Seidman, Lawrence B Chewy Gooey Cookies, L.P.Sell224202647.4253825,5121,045,943Form
59Leitao, Kevin D DirectSell223202646.392009,27823,195Form
60Seidman, Lawrence B Seidman and Associates, L.L.C.Buy213202648.0764230,8619,380,909Form
61Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy213202648.1321810,4926,429,590Form
62Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy213202648.211205,7858,309,186Form
63Seidman, Lawrence B LSBK06-08, L.L.C.Buy213202648.0939018,7555,510,585Form
64Seidman, Lawrence B Broad Park Investors, L.L.C.Buy213202648.191306,2656,257,038Form
65Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy213202648.241004,8241,038,077Form
66Brunner, Steven HEVP & Chief Risk OfficerDirectSell210202649.851,87693,519168,942Form
67Sacchetti, Courtney EEVP & Chief Financial OfficerDirectSell210202649.791,06252,877159,378Form
68Chivily, ChristineEVP & Chief Credit OfficerDirectSell210202649.801,98598,853806,063Form
69Fusaro, Angelo G DirectSell210202649.8831615,762113,377Form
70Seidman, Lawrence B DirectBuy1208202547.95753,596739,053Form
71Drexler, Blake S Deferred Compensation PlanBuy1208202547.641788,4801,754,438Form
72Dunne, Jeffrey R Deferred Compensation PlanBuy1208202547.6436317,293259,543Form
73Porto, Carl M Deferred Compensation PlanBuy1208202547.6447022,3911,015,065Form
74Dale, Eric J Deferred Compensation PlanBuy1208202547.6474635,5391,967,341Form
75Seidman, Lawrence B Deferred Compensation PlanBuy1208202547.6437617,913197,754Form
76Chivily, ChristineEVP & Chief Credit OfficerDirectSell1112202545.522,553116,213634,503Form
77Seidman, Lawrence B Seidman and Associates, L.L.C.Buy915202545.917,112326,5128,929,908Form
78Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy915202545.912,321106,5576,123,017Form
79Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy915202545.921,41164,7937,908,985Form
80Seidman, Lawrence B LSBK06-08, L.L.C.Buy915202545.914,173191,5825,242,876Form
81Seidman, Lawrence B Broad Park Investors, L.L.C.Buy915202545.921,16353,4055,956,329Form
82Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy915202545.9382037,663983,775Form
83Brunner, Steven HEVP & Chief Risk OfficerDirectSell912202544.5542118,75668,963Form
84Seidman, Lawrence B Seidman and Associates, L.L.C.Buy912202544.774,602206,0328,389,764Form
85Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy912202544.781,50267,2605,868,374Form
86Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy912202544.7891340,8847,649,454Form
87Seidman, Lawrence B LSBK06-08, L.L.C.Buy912202544.772,700120,8794,925,864Form
88Seidman, Lawrence B Broad Park Investors, L.L.C.Buy912202544.7975333,7275,757,665Form
89Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy912202544.8053023,744922,835Form
90Seidman, Lawrence B Seidman and Associates, L.L.C.Buy911202544.534,602204,9278,139,861Form
91Seidman, Lawrence B Seidman Investment Partnership, L.P.Buy911202544.541,50266,8995,770,023Form
92Seidman, Lawrence B Seidman Investment Partnership II, L.P.Buy911202544.5591340,6747,569,490Form
93Seidman, Lawrence B LSBK06-08, L.L.C.Buy911202544.542,700120,2584,780,300Form
94Seidman, Lawrence B Broad Park Investors, L.L.C.Buy911202544.5575333,5465,693,267Form
95Seidman, Lawrence B Chewy Gooey Cookies, L.P.Buy911202544.5753023,622894,475Form
96Seidman, Lawrence B DirectBuy905202542.531807,655652,325Form
97Drexler, Blake S Deferred Compensation PlanBuy905202542.451707,2171,555,750Form
98Dunne, Jeffrey R Deferred Compensation PlanBuy905202542.4540717,277215,858Form
99Porto, Carl M Deferred Compensation PlanBuy905202542.4550621,480884,531Form
100Dale, Eric J Deferred Compensation PlanBuy905202542.4581934,7671,721,348Form
101Seidman, Lawrence B Deferred Compensation PlanBuy905202542.4544819,018160,249Form
102Brunner, Steven HEVP & Chief Risk OfficerDirectSell902202541.5524510,18081,812Form
103Lampert, Todd DirectSell829202542.293,300139,557572,311Form
104Lampert, Todd DirectSell829202542.572,00085,140716,581Form
105Hildebrand, Ryan JasonChief Innovation OfficerDirectSell805202539.692,051  Form
106Hildebrand, Ryan JasonChief Innovation OfficerDirectSell702202536.861,28247,25575,600Form
107Chivily, ChristineEVP & Chief Credit OfficerDirectSell702202536.5938914,234603,442Form
108Hildebrand, Ryan JasonChief Innovation OfficerDirectSell611202535.491,885  Form
109Porto, Carl M Deferred Compensation PlanBuy609202535.6764122,864725,207Form
110Dale, Eric J Deferred Compensation PlanBuy609202535.671,04937,4181,417,205Form
111Dunne, Jeffrey R Deferred Compensation PlanBuy609202535.6750117,871166,864Form
112Seidman, Lawrence B Deferred Compensation PlanBuy609202535.6755019,618118,674Form
113Drexler, Blake S Deferred Compensation PlanBuy609202535.672559,0961,301,206Form
Core Cache Last Updated: 6/26/2026