$0.56 EPS Expected for Bankwell Financial Group Inc (BWFG) This Quarter

Analysts expect Bankwell Financial Group Inc (NASDAQ:BWFG) to report $0.56 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Bankwell Financial Group’s earnings, with estimates ranging from $0.55 to $0.56. Bankwell Financial Group reported earnings per share of $0.60 during the same quarter last year, which suggests a negative year over year growth rate of 6.7%. The firm is expected to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Bankwell Financial Group will report full-year earnings of $2.29 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.32. For the next fiscal year, analysts expect that the business will report earnings of $2.35 per share, with EPS estimates ranging from $2.30 to $2.40. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Bankwell Financial Group.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. Bankwell Financial Group had a net margin of 20.64% and a return on equity of 11.11%. The business had revenue of $15.58 million during the quarter, compared to analyst estimates of $14.75 million.

BWFG has been the subject of several research reports. Zacks Investment Research upgraded shares of Bankwell Financial Group from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, March 13th. ValuEngine upgraded shares of Bankwell Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Bankwell Financial Group presently has a consensus rating of “Hold” and a consensus price target of $34.67.

In other news, EVP Heidi Dewyngaert sold 1,500 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $30.00, for a total value of $45,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders sold 4,500 shares of company stock worth $135,000. Insiders own 16.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in BWFG. Acadian Asset Management LLC purchased a new stake in shares of Bankwell Financial Group in the fourth quarter valued at $33,000. BNP Paribas Arbitrage SA raised its stake in shares of Bankwell Financial Group by 711.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,290 shares of the bank’s stock valued at $38,000 after acquiring an additional 1,131 shares during the period. Bank of America Corp DE raised its stake in shares of Bankwell Financial Group by 91.5% in the fourth quarter. Bank of America Corp DE now owns 3,992 shares of the bank’s stock valued at $115,000 after acquiring an additional 1,907 shares during the period. Rhumbline Advisers purchased a new stake in shares of Bankwell Financial Group in the fourth quarter valued at $241,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Bankwell Financial Group in the fourth quarter valued at $266,000. 52.75% of the stock is currently owned by institutional investors and hedge funds.

BWFG stock traded down $0.22 during trading on Wednesday, hitting $29.48. 7,100 shares of the company’s stock traded hands, compared to its average volume of 17,989. Bankwell Financial Group has a 52 week low of $26.39 and a 52 week high of $33.15. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $233.84 million, a P/E ratio of 12.33 and a beta of 0.40.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Tuesday, May 14th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, May 13th. Bankwell Financial Group’s dividend payout ratio is currently 21.76%.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides a range of banking services to commercial and consumer customers in Connecticut. It accepts checking, savings, and money market accounts; and time, demand, and NOW deposits, as well as certificates of deposit.

Featured Story: How Does the Quiet Period Work?

Get a free copy of the Zacks research report on Bankwell Financial Group (BWFG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Bankwell Financial Group (NASDAQ:BWFG)

Receive News & Ratings for Bankwell Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankwell Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.