Bankwell Financial Group Inc (BWFG) Given Consensus Recommendation of “Hold” by Brokerages
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.
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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