Bankwell Financial Group Inc (NASDAQ:BWFG) – Investment analysts at Piper Jaffray Companies decreased their Q1 2019 earnings estimates for shares of Bankwell Financial Group in a research note issued to investors on Friday, November 2nd. Piper Jaffray Companies analyst M. Breese now anticipates that the bank will earn $0.57 per share for the quarter, down from their prior forecast of $0.59. Piper Jaffray Companies also issued estimates for Bankwell Financial Group’s Q3 2019 earnings at $0.58 EPS, Q1 2020 earnings at $0.57 EPS, Q2 2020 earnings at $0.60 EPS, Q3 2020 earnings at $0.61 EPS and FY2020 earnings at $2.34 EPS.
Several other research firms have also recently commented on BWFG. Zacks Investment Research cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, September 17th. Boenning Scattergood restated a “buy” rating on shares of Bankwell Financial Group in a research note on Thursday, November 1st. BidaskClub cut Bankwell Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. ValuEngine cut Bankwell Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price target on shares of Bankwell Financial Group in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Bankwell Financial Group presently has a consensus rating of “Hold” and a consensus target price of $35.00.
Shares of NASDAQ BWFG opened at $29.68 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.12 and a quick ratio of 1.12. Bankwell Financial Group has a twelve month low of $29.35 and a twelve month high of $36.99. The company has a market capitalization of $237.32 million, a price-to-earnings ratio of 14.62 and a beta of 0.44.
Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data 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. Bankwell Financial Group had a return on equity of 10.88% and a net margin of 19.82%. The company had revenue of $15.11 million during the quarter, compared to analysts’ expectations of $15.20 million.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Bankwell Financial Group by 10.1% during the second quarter. BlackRock Inc. now owns 302,358 shares of the bank’s stock worth $9,720,000 after acquiring an additional 27,785 shares during the period. Renaissance Technologies LLC grew its holdings in Bankwell Financial Group by 6.1% during the second quarter. Renaissance Technologies LLC now owns 184,900 shares of the bank’s stock worth $5,945,000 after acquiring an additional 10,600 shares during the period. Seidman Lawrence B grew its holdings in Bankwell Financial Group by 22.2% during the second quarter. Seidman Lawrence B now owns 131,739 shares of the bank’s stock worth $4,235,000 after acquiring an additional 23,900 shares during the period. Dimensional Fund Advisors LP grew its holdings in Bankwell Financial Group by 36.8% during the second quarter. Dimensional Fund Advisors LP now owns 65,664 shares of the bank’s stock worth $2,111,000 after acquiring an additional 17,672 shares during the period. Finally, Millennium Management LLC grew its holdings in Bankwell Financial Group by 137.5% during the second quarter. Millennium Management LLC now owns 55,054 shares of the bank’s stock worth $1,770,000 after acquiring an additional 31,873 shares during the period. 48.16% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Laura Waitz sold 1,265 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $31.30, for a total transaction of $39,594.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.87% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, November 15th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 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.
Recommended Story: Day Trading – Risk Worth the Reward?
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.