Analysts expect Bankwell Financial Group Inc (NASDAQ:BWFG) to announce earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Bankwell Financial Group’s earnings, with estimates ranging from $0.59 to $0.62. Bankwell Financial Group reported earnings per share of $0.55 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The firm is scheduled to report its next quarterly earnings results on Wednesday, October 17th.

On average, analysts expect that Bankwell Financial Group will report full year earnings of $2.36 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.37. For the next financial year, analysts expect that the firm will report earnings of $2.40 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Bankwell Financial Group.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings results on Thursday, July 26th. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). The company had revenue of $15.02 million during the quarter, compared to the consensus estimate of $14.85 million. Bankwell Financial Group had a net margin of 19.62% and a return on equity of 10.79%.

Several analysts have issued reports on the stock. Boenning Scattergood set a $37.00 target price on shares of Bankwell Financial Group and gave the company a “buy” rating in a research note on Monday, July 16th. BidaskClub raised shares of Bankwell Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. ValuEngine downgraded shares of Bankwell Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 target price on shares of Bankwell Financial Group in a research note on Wednesday, August 8th. Finally, Zacks Investment Research raised shares of Bankwell Financial Group from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Bankwell Financial Group presently has a consensus rating of “Hold” and a consensus price target of $35.33.

In other Bankwell Financial Group news, EVP Laura Waitz sold 1,265 shares of the business’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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 2,554 shares of company stock worth $80,206. Company insiders own 21.87% of the company’s stock.

A number of large investors have recently made changes to their positions in BWFG. Dimensional Fund Advisors LP raised its stake in Bankwell Financial Group by 47.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,992 shares of the bank’s stock valued at $1,549,000 after purchasing an additional 15,543 shares during the period. Millennium Management LLC raised its stake in Bankwell Financial Group by 17.1% during the 1st quarter. Millennium Management LLC now owns 23,181 shares of the bank’s stock valued at $748,000 after purchasing an additional 3,387 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Bankwell Financial Group during the 2nd quarter valued at $225,000. Strs Ohio grew its holdings in shares of Bankwell Financial Group by 62.1% during the 2nd quarter. Strs Ohio now owns 4,700 shares of the bank’s stock valued at $151,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Seidman Lawrence B grew its holdings in shares of Bankwell Financial Group by 22.2% during the 2nd quarter. Seidman Lawrence B now owns 131,739 shares of the bank’s stock valued at $4,235,000 after acquiring an additional 23,900 shares in the last quarter. 48.17% of the stock is currently owned by institutional investors.

Shares of NASDAQ BWFG traded down $0.16 during trading on Thursday, hitting $30.42. The company had a trading volume of 18,300 shares, compared to its average volume of 10,844. The stock has a market capitalization of $245.95 million, a P/E ratio of 14.99 and a beta of 0.41. Bankwell Financial Group has a 52 week low of $29.85 and a 52 week high of $37.83. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.13 and a current ratio of 1.13.

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 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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