Bankwell Financial Group Inc (NASDAQ:BWFG) has earned a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $35.33.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Bankwell Financial Group from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 price objective on shares of Bankwell Financial Group in a report on Wednesday, August 8th. Boenning Scattergood started coverage on shares of Bankwell Financial Group in a report on Thursday, June 28th. They issued an “outperform” rating and a $36.50 price objective on the stock. BidaskClub upgraded shares of Bankwell Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Finally, Piper Jaffray Companies started coverage on shares of Bankwell Financial Group in a report on Friday, June 8th. They issued a “neutral” rating on the stock.

NASDAQ:BWFG traded down $0.01 on Thursday, hitting $31.39. The stock had a trading volume of 16,375 shares, compared to its average volume of 10,335. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $245.87 million, a price-to-earnings ratio of 15.46 and a beta of 0.41. Bankwell Financial Group has a 1-year low of $30.11 and a 1-year high of $37.95.

Bankwell Financial Group (NASDAQ:BWFG) last posted its earnings results on Thursday, July 26th. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The firm had revenue of $15.02 million during the quarter, compared to analyst estimates of $14.85 million. Bankwell Financial Group had a net margin of 19.62% and a return on equity of 10.79%. equities analysts anticipate that Bankwell Financial Group will post 2.36 earnings per share for the current fiscal year.

In other news, EVP Laura Waitz sold 1,265 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $31.30, for a total value of $39,594.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders sold 2,554 shares of company stock worth $80,206. Company insiders own 21.87% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Strs Ohio lifted its holdings in shares of Bankwell Financial Group by 62.1% in the 2nd quarter. Strs Ohio now owns 4,700 shares of the bank’s stock worth $151,000 after acquiring an additional 1,800 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Bankwell Financial Group during the 2nd quarter worth approximately $225,000. LSV Asset Management lifted its holdings in Bankwell Financial Group by 123.1% during the 2nd quarter. LSV Asset Management now owns 9,200 shares of the bank’s stock worth $295,000 after buying an additional 5,076 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Bankwell Financial Group by 29.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 11,900 shares of the bank’s stock worth $383,000 after buying an additional 2,700 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Bankwell Financial Group by 17.1% during the 1st quarter. Millennium Management LLC now owns 23,181 shares of the bank’s stock worth $748,000 after buying an additional 3,387 shares in the last quarter. Hedge funds and other institutional investors own 48.17% of the company’s stock.

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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