Bankwell Financial Group Inc (NASDAQ:BWFG) Short Interest Update

Bankwell Financial Group Inc (NASDAQ:BWFG) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 148,900 shares, an increase of 10.8% from the May 30th total of 134,400 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is presently 12.9 days.

NASDAQ:BWFG opened at $28.36 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.09 and a current ratio of 1.09. Bankwell Financial Group has a 52-week low of $26.39 and a 52-week high of $33.00. The company has a market cap of $222.66 million, a price-to-earnings ratio of 11.50 and a beta of 0.42. The company’s fifty day moving average is $28.75.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Bankwell Financial Group had a return on equity of 11.11% and a net margin of 20.64%. The company had revenue of $15.58 million for the quarter, compared to analyst estimates of $14.75 million. On average, sell-side analysts predict that Bankwell Financial Group will post 2.29 EPS for the current fiscal year.



Hedge funds and other institutional investors have recently made changes to their positions in the business. Seidman Lawrence B increased its position in shares of Bankwell Financial Group by 22.0% during the 1st quarter. Seidman Lawrence B now owns 698,157 shares of the bank’s stock valued at $20,372,000 after purchasing an additional 126,112 shares during the last quarter. BlackRock Inc. increased its position in shares of Bankwell Financial Group by 3.9% during the 4th quarter. BlackRock Inc. now owns 317,980 shares of the bank’s stock valued at $9,129,000 after purchasing an additional 11,973 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bankwell Financial Group by 30.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 99,389 shares of the bank’s stock valued at $2,853,000 after purchasing an additional 22,973 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Bankwell Financial Group by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 67,477 shares of the bank’s stock valued at $1,937,000 after purchasing an additional 3,263 shares during the last quarter. Finally, Context BH Capital Management LP increased its position in shares of Bankwell Financial Group by 21.0% during the 1st quarter. Context BH Capital Management LP now owns 43,699 shares of the bank’s stock valued at $1,275,000 after purchasing an additional 7,574 shares during the last quarter. Institutional investors and hedge funds own 52.97% of the company’s stock.

BWFG has been the topic of a number of analyst reports. ValuEngine lowered Yirendai from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 26th. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.67.

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 time, demand, and NOW deposits, as well as certificates of deposit.

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