Bankwell Financial Group (NASDAQ:BWFG) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday.

Separately, ValuEngine cut shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.

Shares of Bankwell Financial Group (NASDAQ:BWFG) opened at $34.54 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.39. The company has a market cap of $262.45, a price-to-earnings ratio of 17.80 and a beta of 1.14. Bankwell Financial Group has a twelve month low of $28.79 and a twelve month high of $38.50.

In other news, Director Blake S. Drexler sold 3,500 shares of Bankwell Financial Group stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $37.13, for a total transaction of $129,955.00. Following the completion of the transaction, the director now directly owns 138,684 shares in the company, valued at $5,149,336.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. Fieber sold 10,000 shares of Bankwell Financial Group stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $37.45, for a total transaction of $374,500.00. Following the transaction, the director now owns 138,684 shares of the company’s stock, valued at $5,193,715.80. The disclosure for this sale can be found here. 22.37% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP acquired a new position in shares of Bankwell Financial Group during the second quarter valued at about $258,000. Dupont Capital Management Corp acquired a new position in shares of Bankwell Financial Group during the third quarter valued at about $482,000. Northern Trust Corp grew its holdings in shares of Bankwell Financial Group by 11.2% during the second quarter. Northern Trust Corp now owns 66,284 shares of the bank’s stock valued at $2,070,000 after buying an additional 6,700 shares during the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Bankwell Financial Group by 29.7% during the third quarter. Wasatch Advisors Inc. now owns 80,189 shares of the bank’s stock valued at $2,962,000 after buying an additional 18,371 shares during the last quarter. Finally, Banc Funds Co. LLC grew its holdings in shares of Bankwell Financial Group by 9.3% during the second quarter. Banc Funds Co. LLC now owns 412,094 shares of the bank’s stock valued at $12,870,000 after buying an additional 35,000 shares during the last quarter. Hedge funds and other institutional investors own 48.50% of the company’s stock.

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About Bankwell Financial Group

Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.

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