Wall Street brokerages expect Bankwell Financial Group Inc (NASDAQ:BWFG) to announce earnings per share of $0.57 for the current fiscal 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 posted earnings per share of $0.59 during the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The firm is scheduled to report its next 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 year, analysts expect that the business will post earnings of $2.38 per share, with EPS estimates ranging from $2.34 to $2.41. Zacks’ EPS averages are an 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 quarterly earnings data on Wednesday, January 30th. The bank reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $15.07 million during the quarter, compared to analyst estimates of $15.00 million.
Bankwell Financial Group stock traded down $0.37 during midday trading on Friday, reaching $29.06. 363 shares of the stock traded hands, compared to its average volume of 20,549. Bankwell Financial Group has a 12 month low of $26.39 and a 12 month high of $33.15. The firm has a market cap of $228.12 million, a PE ratio of 12.16 and a beta of 0.39. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06.
In related news, EVP Heidi Dewyngaert sold 1,500 shares of the stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 21.87% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in BWFG. Acadian Asset Management LLC bought a new position in Bankwell Financial Group during the fourth quarter valued at approximately $33,000. Bank of America Corp DE lifted its stake 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 purchasing an additional 1,907 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Bankwell Financial Group in the 4th quarter valued at approximately $241,000. Janney Montgomery Scott LLC bought a new stake in shares of Bankwell Financial Group in the 4th quarter valued at approximately $266,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Bankwell Financial Group by 46.7% in the 3rd quarter. Wells Fargo & Company MN now owns 17,485 shares of the bank’s stock valued at $548,000 after purchasing an additional 5,563 shares during the last quarter. 52.46% of the stock is owned by 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 time, demand, and NOW deposits, as well as certificates of deposit.
Further Reading: Return on Equity (ROE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bankwell Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankwell Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.