Wall Street brokerages forecast that Bankwell Financial Group Inc (NASDAQ:BWFG) will post earnings of $0.56 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bankwell Financial Group’s earnings, with estimates ranging from $0.54 to $0.58. Bankwell Financial Group posted earnings per share of $0.53 in the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The firm is scheduled to issue its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that Bankwell Financial Group will report full-year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.39. For the next year, analysts anticipate that the business will post earnings of $2.31 per share, with EPS estimates ranging from $2.26 to $2.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Bankwell Financial Group.

Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Tuesday, October 30th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Bankwell Financial Group had a net margin of 19.82% and a return on equity of 10.88%. The company had revenue of $15.11 million for the quarter, compared to the consensus estimate of $15.20 million.

A number of research analysts recently issued reports on BWFG shares. Zacks Investment Research downgraded shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. BidaskClub downgraded shares of Bankwell Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Boenning Scattergood reiterated a “buy” rating on shares of Bankwell Financial Group in a research report on Thursday, November 1st. ValuEngine downgraded shares of Bankwell Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 target price on shares of Bankwell Financial Group in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $35.00.

Shares of Bankwell Financial Group stock traded down $1.69 during trading on Wednesday, reaching $27.75. 23,799 shares of the company traded hands, compared to its average volume of 13,489. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.17. Bankwell Financial Group has a 1-year low of $27.54 and a 1-year high of $35.98. The company has a market capitalization of $232.68 million, a PE ratio of 13.67 and a beta of 0.43.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Friday, November 16th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.48 annualized dividend and a yield of 1.73%. Bankwell Financial Group’s payout ratio is 23.65%.

In other Bankwell Financial Group news, EVP Laura Waitz sold 1,265 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $31.30, for a total transaction of $39,594.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.87% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Strs Ohio raised its holdings in shares of Bankwell Financial Group by 62.1% in the second quarter. Strs Ohio now owns 4,700 shares of the bank’s stock valued at $151,000 after purchasing an additional 1,800 shares during the last quarter. LSV Asset Management grew its position in Bankwell Financial Group by 123.1% during the second quarter. LSV Asset Management now owns 9,200 shares of the bank’s stock valued at $295,000 after buying an additional 5,076 shares during the period. Schwab Charles Investment Management Inc. grew its position in Bankwell Financial Group by 29.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 11,900 shares of the bank’s stock valued at $383,000 after buying an additional 2,700 shares during the period. Wells Fargo & Company MN grew its position in Bankwell Financial Group by 46.7% during the third quarter. Wells Fargo & Company MN now owns 17,485 shares of the bank’s stock valued at $548,000 after buying an additional 5,563 shares during the period. Finally, Millennium Management LLC grew its position in Bankwell Financial Group by 17.1% during the first quarter. Millennium Management LLC now owns 23,181 shares of the bank’s stock valued at $748,000 after buying an additional 3,387 shares during the period. Institutional investors own 48.84% of the company’s stock.

About Bankwell Financial Group

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 demand and NOW deposits, as well as certificates of deposit.

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

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