Bankwell Financial Group (BWFG) Stock Rating Lowered by ValuEngine

Bankwell Financial Group (NASDAQ:BWFG) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other analysts also recently issued reports on BWFG. Zacks Investment Research downgraded shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. Boenning Scattergood reissued a “buy” rating on shares of Bankwell Financial Group in a research report on Thursday, November 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Bankwell Financial Group presently has an average rating of “Hold” and a consensus price target of $35.00.

NASDAQ:BWFG traded down $0.02 during trading hours on Thursday, hitting $28.88. The stock had a trading volume of 14,154 shares, compared to its average volume of 30,544. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.17. Bankwell Financial Group has a 1-year low of $26.39 and a 1-year high of $35.75. The company has a market capitalization of $227.27 million, a price-to-earnings ratio of 14.23 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Bankwell Financial Group had a net margin of 19.82% and a return on equity of 10.88%. The company had revenue of $15.11 million during the quarter, compared to the consensus estimate of $15.20 million. On average, equities analysts anticipate that Bankwell Financial Group will post 2.37 earnings per share for the current year.

In other news, Director Todd Lampert sold 1,662 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $26.78, for a total transaction of $44,508.36. Following the completion of the sale, the director now owns 15,376 shares of the company’s stock, valued at $411,769.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 21.87% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in BWFG. Strs Ohio grew its position in shares of Bankwell Financial Group by 62.1% during the second quarter. Strs Ohio now owns 4,700 shares of the bank’s stock worth $151,000 after buying an additional 1,800 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Bankwell Financial Group by 29.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 11,900 shares of the bank’s stock worth $383,000 after purchasing an additional 2,700 shares during the last quarter. BlackRock Inc. lifted its stake 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 purchasing an additional 27,785 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 17,672 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake 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 purchasing an additional 10,600 shares during the last quarter. 48.84% of the stock is owned by institutional investors and hedge funds.

Bankwell Financial Group Company Profile

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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