Brokerages Expect Bankwell Financial Group Inc (BWFG) Will Post Earnings of $0.57 Per Share

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.

A number of equities analysts recently commented on the company. ValuEngine raised Bankwell Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Zacks Investment Research raised Bankwell Financial Group from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Bankwell Financial Group presently has an average rating of “Hold” and an average price target of $34.67.

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)

Get a free copy of the Zacks research report on Bankwell Financial Group (BWFG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.