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.
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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