BWFG
Bankwell Financial Group, Inc.
BWFG's fundamentals are strong: revenue grew 30% and its operating margin rose 9 points to 48%. At 13x earnings, it's trading above its usual 11x. Analysts expect that strong growth to continue.
BWFG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BWFG's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BWFG.
BWFG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.2x | $35.20 | -51% |
| Fair | 11x | $62.72 | -12% |
| Forward | 11x | $71.51 | — |
| Current | 13x | $71.51 | — |
| Expensive | 17x | $96.68 | +35% |
Historical ranges are pointers, not guarantees.
BWFG's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
BWFG Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for BWFG, with profitability improving.
BWFG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.59 | +16% |
| Q3 2026 | $5.67 | +55% |
| Q2 2026 | $5.36 | +104% |
| Q1 2026 | $4.99 | +208% |
| Q4 2025 | $4.45 | +262% |
| Q3 2025 | $3.66 | +90% |
| Q2 2025 | $2.63 | -11% |
| Q1 2025 | $1.62 | -58% |
| Q4 2024 | $1.23 | -74% |
BWFG earned $5.67 per share over the past year, up 55% from the year before.
BWFG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $35.3M | +24% |
| Q2 2026 | $32.8M | +26% |
| Q1 2026 | $30.2M | +28% |
| Q4 2025 | $30.3M | +43% |
| Q3 2025 | $28.5M | +30% |
| Q2 2025 | $25.9M | +18% |
| Q1 2025 | $23.6M | +6.8% |
| Q4 2024 | $21.2M | -9.5% |
BWFG's revenue has grown year over year for seven quarters in a row: $35M last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | +0.1 points |
| Q2 2026 | 50% | +4.2 points |
| Q1 2026 | 48% | +9.5 points |
| Q4 2025 | 47% | +28 points |
| Q3 2025 | 47% | +35 points |
| Q2 2025 | 46% | +39 points |
| Q1 2025 | 38% | +15 points |
| Q4 2024 | 19% | -30 points |
BWFG's operating margin was 47% last quarter, about level with the same quarter a year ago.
BWFG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $12.2M | +23% |
| Q2 2026 | $10M | +65% |
| Q1 2026 | $7.3M | +89% |
| Q4 2025 | $7.3M | -49% |
| Q3 2025 | $9.9M | +$10.6M |
| Q2 2025 | $6.1M | -10% |
| Q1 2025 | $3.8M | -57% |
| Q4 2024 | $14.3M | +$15M |
BWFG's free cash flow was $37M over the past year, up 7.9% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BWFG.
BWFG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -32.8K shares |
| 1 year | +1.3% | +103K shares |
| 3 years | +4.1% | +314K shares |
| 5 years | +2.7% | +209K shares |
| Available history | +2.1% | +164K shares |
BWFG has 8M diluted shares, up 1.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $150,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $422,000 |
| Q1 2025 | $912,000 |
| Q4 2024 | — |
BWFG has spent almost nothing on buybacks in the past year.
BWFG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.7x | Net Cash |
| Q2 2026 | -2.6x | Net Cash |
| Q1 2026 | -2.6x | Net Cash |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | -5.1x | Net Cash |
| Q2 2025 | -7.6x | Net Cash |
| Q1 2025 | -12.0x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
BWFG has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BWFG.
BWFG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 70.6 | Overbought |
| Stochastic | 77.6 | Neutral |
BWFG's weekly RSI is 71 (overbought) and its Stochastic is 78 (neutral).
BWFG PE vs Financial Services Sector
| Metric | BWFG | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 3.1% below |
| PE % | 64 | 63 | 1 pt above |
BWFG is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
BWFG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $67.9 | 5.3% above |
| 20 week MA | $66.1 | 8.3% above |
| 50 week MA | $56.4 | 27% above |
| 100 week MA | $46.4 | 54% above |
| 200 week MA | $36.6 | 96% above |
BWFG is in an uptrend: it's above all five of its weekly moving averages, and 96% above its 200-week average.
BWFG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.5 | $18.5 | -35% |
| 2021 | $18.5 | $32.0 | +73% |
| 2022 | $32.0 | $29.1 | -8.9% |
| 2023 | $29.1 | $30.2 | +3.6% |
| 2024 | $30.2 | $31.4 | +3.9% |
| 2025 | $31.4 | $47.0 | +50% |
| 2026 YTD | $47.0 | $71.5 | +52% |
BWFG has finished higher in four of the last six years. It's up 52% so far in 2026.