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Bankwell Financial Group, Inc. (NASDAQ: BWFG – Get a rating) – Equity research analysts Boenning Scattergood have raised their Q2 2022 earnings per share estimates for Bankwell Financial Group in a research report released on Thursday, April 28. Boenning Scattergood analyst E. Zwick now expects the bank to post earnings per share of $1.01 for the quarter, up from its previous estimate of $0.89. Boenning Scattergood also released estimates for Bankwell Financial Group Q3 2022 profit at $0.94 EPS, FY2022 profit at $3.85 EPS and FY2023 profit at $3.60 EPS.
BWFG has been the subject of a number of other reports. Zacks Investment Research upgraded Bankwell Financial Group from a “hold” rating to a “buy” rating and set a price target of $38.00 for the company in a Thursday, February 24 research report. StockNews.com began covering Bankwell Financial Group in a research report on Thursday, March 31. They issued a “buy” rating for the company.
The NASDAQ BWFG opened at $34.00 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a leverage ratio of 0.42. The company has a market capitalization of $263.87 million, a P/E ratio of 9.21 and a beta of 0.76. Bankwell Financial Group has a one-year low of $26.78 and a one-year high of $35.34. The company’s 50-day moving average price is $33.96. Bankwell Financial Group (NASDAQ: BWFG – Get a rating) last reported quarterly earnings data on Wednesday, April 27. The bank reported earnings per share (EPS) of $1.04 for the quarter, beating consensus analyst estimates of $0.91 by $0.13. Bankwell Financial Group posted a net margin of 32.50% and a return on equity of 14.83%.
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The company also recently declared a quarterly dividend, which will be paid on Monday, May 23. Shareholders of record on Friday, May 13 will receive a dividend of $0.20 per share. The ex-dividend date is Thursday, May 12. This represents an annualized dividend of $0.80 and a dividend yield of 2.35%. Bankwell Financial Group’s dividend payout ratio is currently 21.68%.
A number of institutional investors and hedge funds have recently bought and sold shares of BWFG. Hotchkis & Wiley Capital Management LLC acquired a new stake in Bankwell Financial Group in the third quarter worth approximately $2,183,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bankwell Financial Group in the third quarter worth approximately $284,000. Arrowstreet Capital Limited Partnership acquired a new stake in Bankwell Financial Group in the third quarter worth approximately $227,000. Two Sigma Advisers LP acquired a new stake in Bankwell Financial Group in the third quarter worth approximately $513,000. Finally, Russell Investments Group Ltd. increased its stake in Bankwell Financial Group by 454.5% in the third quarter. Russell Investments Group Ltd. now owns 6,100 shares of the bank worth $179,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors hold 34.44% of the company’s shares.
Bankwell Financial Group Company Profile (Get a rating)
Bankwell Financial Group, Inc operates as a bank holding company for Bankwell Bank which provides various retail and corporate banking services. It offers various traditional deposit products, including checks, savings, money market and certificates of deposit. The company also offers first mortgage loans secured by residential properties occupied by one to four families for personal use; home equity loans and home equity lines of credit secured by owner-occupied single family residential properties of one to four families; loans secured by investor-owned commercial real estate, multi-family dwellings and single-family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail and other income-generating properties; land loans; commercial enterprise loans secured by assignments of corporate assets and personal guarantees from business owners; loans secured by savings or certificate accounts and automobiles; and unsecured personal loans and overdraft lines of credit.
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