Wall Street brokerages forecast that Bankwell Financial Group Inc (NASDAQ:BWFG) will post earnings per share (EPS) of $0.56 for the current quarter, Zacks reports. Two analysts have provided estimates for Bankwell Financial Group’s earnings, with estimates ranging from $0.54 to $0.58. Bankwell Financial Group reported earnings per share of $0.53 during the same quarter last year, which would indicate a positive year over year growth rate of 5.7%. The firm is scheduled to report its next quarterly 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 financial year, with EPS estimates ranging from $2.35 to $2.39. For the next financial year, analysts forecast that the company will report earnings of $2.31 per share, with EPS estimates ranging from $2.26 to $2.35. Zacks’ EPS averages are an average based on a survey of research analysts that cover Bankwell Financial Group.
Bankwell Financial Group (NASDAQ:BWFG) last issued its earnings results on Tuesday, October 30th. The bank reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $15.11 million during the quarter, compared to analyst estimates of $15.20 million. Bankwell Financial Group had a return on equity of 10.88% and a net margin of 19.82%.
A number of equities research analysts have weighed in on BWFG shares. Zacks Investment Research raised Bankwell Financial Group from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, November 5th. Boenning Scattergood reaffirmed a “buy” rating on shares of Bankwell Financial Group in a research report on Thursday, November 1st. Finally, BidaskClub lowered Bankwell Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $35.00.
Shares of NASDAQ BWFG opened at $28.00 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $217.46 million, a price-to-earnings ratio of 13.79 and a beta of 0.43. Bankwell Financial Group has a twelve month low of $27.53 and a twelve month high of $35.98.
The business also recently declared a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Friday, November 16th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, November 15th. Bankwell Financial Group’s payout ratio is 23.65%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio raised its position in shares of Bankwell Financial Group by 62.1% in the 2nd quarter. Strs Ohio now owns 4,700 shares of the bank’s stock worth $151,000 after acquiring an additional 1,800 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Bankwell Financial Group by 29.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 11,900 shares of the bank’s stock worth $383,000 after acquiring an additional 2,700 shares in the last quarter. Millennium Management LLC raised its position in shares of Bankwell Financial Group by 17.1% in the 1st quarter. Millennium Management LLC now owns 23,181 shares of the bank’s stock worth $748,000 after acquiring an additional 3,387 shares in the last quarter. BlackRock Inc. raised its position in shares of Bankwell Financial Group by 1.2% in the 3rd quarter. BlackRock Inc. now owns 306,007 shares of the bank’s stock worth $9,597,000 after acquiring an additional 3,649 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of Bankwell Financial Group by 123.1% in the 2nd quarter. LSV Asset Management now owns 9,200 shares of the bank’s stock worth $295,000 after acquiring an additional 5,076 shares in the last quarter. 48.84% of the stock is owned by hedge funds and other institutional investors.
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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