Equities analysts forecast that Bankwell Financial Group Inc (NASDAQ:BWFG) will report earnings of $0.61 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Bankwell Financial Group’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.62. Bankwell Financial Group posted earnings per share of $0.55 during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.9%. The company is expected to issue its next 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 year, analysts anticipate that the business will report earnings of $2.40 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Bankwell Financial Group.

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

A number of equities research analysts have recently commented on BWFG shares. Boenning Scattergood started coverage on Bankwell Financial Group in a research report on Thursday, June 28th. They set an “outperform” rating and a $36.50 price objective for the company. Piper Jaffray Companies started coverage on Bankwell Financial Group in a research report on Friday, June 8th. They set a “neutral” rating for the company. BidaskClub upgraded Bankwell Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Zacks Investment Research upgraded Bankwell Financial Group from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, August 8th. Finally, ValuEngine lowered Bankwell Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Bankwell Financial Group currently has an average rating of “Hold” and a consensus price target of $35.67.

In other news, EVP Laura Waitz sold 1,265 shares of the stock in a transaction on Friday, September 7th. The stock was sold at an average price of $31.30, for a total value of $39,594.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 2,554 shares of company stock valued at $80,206 in the last 90 days. Corporate 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 company. Strs Ohio increased its stake in shares of Bankwell Financial Group by 62.1% in the second quarter. Strs Ohio now owns 4,700 shares of the bank’s stock worth $151,000 after acquiring an additional 1,800 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Bankwell Financial Group by 29.3% in the second 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 during the last quarter. Millennium Management LLC increased its stake in shares of Bankwell Financial Group by 17.1% in the first quarter. Millennium Management LLC now owns 23,181 shares of the bank’s stock worth $748,000 after acquiring an additional 3,387 shares during the last quarter. LSV Asset Management acquired a new position in shares of Bankwell Financial Group in the first quarter worth $133,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Bankwell Financial Group in the second quarter worth $225,000. Institutional investors own 48.17% of the company’s stock.

Shares of NASDAQ:BWFG opened at $31.36 on Friday. Bankwell Financial Group has a one year low of $30.11 and a one year high of $37.95. The firm has a market cap of $245.72 million, a PE ratio of 13.80 and a beta of 0.41. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.13 and a quick ratio of 1.13.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 27th. Stockholders of record on Friday, August 17th were issued a $0.12 dividend. The ex-dividend date was Thursday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.53%. Bankwell Financial Group’s payout ratio is currently 23.65%.

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

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