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.
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