Bankwell Financial Group Inc (BWFG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Bankwell Financial Group Inc (NASDAQ:BWFG) have been given a consensus recommendation of “Hold” by the six research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $33.50.

A number of research firms recently weighed in on BWFG. ValuEngine cut Bankwell Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Zacks Investment Research upgraded Bankwell Financial Group from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, March 13th.

BWFG traded down $0.30 during trading hours on Thursday, reaching $28.61. The company’s stock had a trading volume of 25,143 shares, compared to its average volume of 22,219. Bankwell Financial Group has a 52 week low of $26.39 and a 52 week high of $34.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock has a market cap of $227.25 million, a PE ratio of 11.97 and a beta of 0.40.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings results on Wednesday, January 30th. The bank reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. Bankwell Financial Group had a return on equity of 11.01% and a net margin of 20.76%. The business had revenue of $15.07 million for the quarter, compared to analysts’ expectations of $15.00 million. Equities analysts forecast that Bankwell Financial Group will post 2.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 25th. Shareholders of record on Friday, February 15th were given a dividend of $0.13 per share. This is a boost from Bankwell Financial Group’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, February 14th. This represents a $0.52 annualized dividend and a yield of 1.82%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 21.76%.

In other Bankwell Financial Group news, EVP Heidi Dewyngaert sold 1,500 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $30.00, for a total transaction of $45,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Todd Lampert sold 1,662 shares of the stock in a transaction on Friday, December 21st. The stock was sold at an average price of $26.78, for a total value of $44,508.36. Following the transaction, the director now owns 15,376 shares in the company, valued at approximately $411,769.28. The disclosure for this sale can be found here. 21.87% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in shares of Bankwell Financial Group by 46.7% during the 3rd quarter. Wells Fargo & Company MN now owns 17,485 shares of the bank’s stock worth $548,000 after purchasing an additional 5,563 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Bankwell Financial Group by 1.2% during the 3rd quarter. BlackRock Inc. now owns 306,007 shares of the bank’s stock worth $9,597,000 after purchasing an additional 3,649 shares in the last quarter. Clover Partners L.P. acquired a new stake in shares of Bankwell Financial Group during the 3rd quarter worth $1,348,000. Dimensional Fund Advisors LP grew its holdings in shares of Bankwell Financial Group by 16.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 76,416 shares of the bank’s stock worth $2,396,000 after purchasing an additional 10,752 shares in the last quarter. Finally, Bridgeway Capital Management Inc. grew its holdings in shares of Bankwell Financial Group by 24.8% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 30,237 shares of the bank’s stock worth $948,000 after purchasing an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 52.46% 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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