Equities research analysts expect Bankwell Financial Group Inc (NASDAQ:BWFG) to report $0.57 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bankwell Financial Group’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.56. Bankwell Financial Group reported earnings per share of $0.59 during the same quarter last year, which suggests a negative year over year growth rate of 3.4%. The company is expected to announce its next quarterly earnings results on Wednesday, April 24th.
On average, analysts expect that Bankwell Financial Group will report full year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.34. For the next financial year, analysts forecast that the business will report earnings of $2.38 per share, with EPS estimates ranging from $2.34 to $2.41. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Bankwell Financial Group.
Bankwell Financial Group (NASDAQ:BWFG) last issued its earnings results on Wednesday, January 30th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. Bankwell Financial Group had a return on equity of 11.01% and a net margin of 20.76%. The business had revenue of $15.07 million during the quarter, compared to analysts’ expectations of $15.00 million.
Several research analysts have recently issued reports on BWFG shares. Zacks Investment Research lowered Bankwell Financial Group from a “hold” rating to a “strong sell” rating in a research report on Monday, January 14th. ValuEngine upgraded Bankwell Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.67.
In related news, EVP Heidi Dewyngaert sold 1,500 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $30.00, for a total transaction of $45,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Todd Lampert sold 1,662 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $26.78, for a total value of $44,508.36. Following the sale, the director now directly owns 15,376 shares in the company, valued at approximately $411,769.28. The disclosure for this sale can be found here. Company insiders own 21.87% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in shares of Bankwell Financial Group in the 4th quarter valued at about $33,000. Bank of New York Mellon Corp grew its holdings in shares of Bankwell Financial Group by 4.1% in the 4th quarter. Bank of New York Mellon Corp now owns 40,012 shares of the bank’s stock valued at $1,148,000 after acquiring an additional 1,572 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Bankwell Financial Group by 91.5% in the 4th 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of Bankwell Financial Group by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 67,477 shares of the bank’s stock valued at $1,937,000 after acquiring an additional 3,263 shares in the last quarter. Finally, BlackRock Inc. grew its holdings 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 valued at $9,597,000 after acquiring an additional 3,649 shares in the last quarter. 52.46% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ BWFG traded up $0.01 during trading hours on Friday, reaching $29.22. 36,743 shares of the company’s stock were exchanged, compared to its average volume of 22,153. The firm has a market cap of $234.63 million, a PE ratio of 12.23 and a beta of 0.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. Bankwell Financial Group has a one year low of $26.39 and a one year high of $35.13.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 25th. Investors of record on Friday, February 15th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, February 14th. This is an increase from Bankwell Financial Group’s previous quarterly dividend of $0.12. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 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 demand and NOW deposits, as well as certificates of deposit.
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