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Profile - Bank West Financial Corp. (NasdaqNM:BWFC)
As of 31-Aug-2001
Enter symbol:
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 28Price hit new 52-week high ($11.55)
Aug 22Dividend payment of $0.06
Location
2185 Three Mile Road N.W.
Grand Rapids, MI 49544
Phone: (616) 785-3400
Fax: (616) 785-3590
Employees (last reported count): 56
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: S&Ls/Savings Banks
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 40%
·Over the last 6 months:
 · one insider sell; 15.0K shares
  (1.5% of insider shares)
·Institutional: 24% (40% of float)
(16 institutions)
·Net Inst. Buying: 226.0K shares (+27.53%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Bank West Financial Corporation was organized by Bank West for the purpose of becoming a unitary holding company of the Bank. Bank West is a stock savings bank that conducts business from five offices located in Grand Rapids, Michigan. Bank West is primarily engaged in attracting deposits from the general public through its offices and using those and other available sources of funds to originate one- to four-family residential and commercial loans located in the western Michigan area. The Company's market area consists of western Michigan, with its primary market area consisting of Grand Rapids, Michigan and the surrounding metropolitan statistical area.
More from Market Guide: Expanded Business Description

Financial Summary
BWFC is a bank holding company for Bank West, a state chartered bank with three offices in Grand Rapids, Michigan. For the nine months ended 3/31/01, total interest income rose 31% to $16.5 million. Net interest income after loan loss provision rose 10% to $5.1 million. Net income rose 54% to $1.1 million. Net interest income reflects increased average loan outstanding, partially offset by lower net interest margin. Earnings benefitted from higher mortgage banking gains.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, after tax earnings were 120. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Robert Stephan, 64
Chairman
--  
Ronald Van Houten, 64
Pres and CEO
$15K
Kevin Twardy, 33
VP and CFO
--  
James Koessel, 52
Sr. VP of Mortgage Lending of the Bank and Sec.
--  
Louis Knooihuizen, 50
VP of Commercial Lending
--  
Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:BWFCAs of 31-Aug-2001
Price and Volume
52-Week Low
on 30-Oct-2000
$5.75 
Recent Price$11.53 
52-Week High
on 28-Aug-2001
$11.55 
Beta0.04 
Daily Volume (3-month avg)4,409 
Daily Volume (10-day avg)2,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+90.2%
52-Week Change
relative to S&P500
+155.1%
Share-Related Items
Market Capitalization$28.7M
Shares Outstanding2.48M
Float1.50M
Dividends & Splits
Annual Dividend (indicated)$0.24 
Dividend Yield2.08%
Last Split: 3 for 2 on 3-Dec-1997
Per-Share Data
Book Value (mrq*)$9.65 
Earnings (ttm)$0.53 
Earnings (mrq)$0.05 
SalesN/A 
Cash (mrq*)$1.59 
Valuation Ratios
Price/Book (mrq*)1.20 
Price/Earnings (ttm)21.71 
Price/SalesN/A 
Income Statements
SalesN/A 
EBITDAN/A 
Income available to common (ttm)$1.27M
Profitability
Profit MarginN/A 
Operating Margin (ttm)31.4%
Fiscal Year
Fiscal Year EndsJune 30
Most recent quarter
(fully updated)
31-Mar-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)0.46%
Return on Equity (ttm)5.51%
Financial Strength
Current RatioN/A 
Debt/EquityN/A 
Total Cash (mrq)$8.43M
Short Interest
As of 8-Aug-2001
Shares Short0 
Shares Short
(Prior Month)
0 
Daily Volume3,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

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