Bankwell Financial Group’s (NASDAQ:BWFG) Buy Rating Reaffirmed at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reissued their buy rating on shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) in a research report released on Thursday. They currently have a $37.00 target price on the bank’s stock.
Separately, ValuEngine raised Bankwell Financial Group from a hold rating to a buy rating in a research note on Friday, June 2nd.
Shares of Bankwell Financial Group (NASDAQ BWFG) traded up 0.58% during mid-day trading on Thursday, reaching $33.00. 4,350 shares of the company’s stock were exchanged. Bankwell Financial Group has a 52 week low of $21.61 and a 52 week high of $38.50. The stock has a market cap of $249.81 million, a price-to-earnings ratio of 18.22 and a beta of 0.55. The stock has a 50 day moving average price of $32.28 and a 200 day moving average price of $32.59.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Tuesday, August 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, August 11th. Bankwell Financial Group’s payout ratio is 15.47%.
In other Bankwell Financial Group news, Director James A. Fieber sold 7,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $36.10, for a total value of $252,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 22.37% of the stock is currently owned by company insiders.
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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