Bankwell Financial Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Bankwell Financial Group Inc BWFG.OQ reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.09. The lone analyst forecast for the quarter was for earnings of 65 cents per share.

• Revenue fell 9.5% to $21.16 million from a year ago; analysts expected $22.13 million.

• Bankwell Financial Group Inc's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $2.51 million.

• Bankwell Financial Group Inc shares had fallen by 4.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Bankwell Financial Group Inc is $40.00

This summary was machine generated from LSEG data January 22 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)