Bankwell Financial Group (BWFG) Rating Lowered to Sell at BidaskClub

Bankwell Financial Group (NASDAQ:BWFG) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, December 20th.

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

Shares of Bankwell Financial Group (NASDAQ:BWFG) traded up $0.46 on Wednesday, hitting $35.29. 9,392 shares of the company traded hands, compared to its average volume of 13,161. The company has a market capitalization of $262.45, a P/E ratio of 18.19 and a beta of 1.14. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.39. Bankwell Financial Group has a 12 month low of $28.79 and a 12 month high of $38.50.

In related news, Director Blake S. Drexler bought 1,128 shares of the business’s stock in a transaction on Monday, November 6th. The stock was acquired at an average price of $36.59 per share, with a total value of $41,273.52. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James A. Fieber sold 10,000 shares of Bankwell Financial Group stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $37.45, for a total transaction of $374,500.00. Following the completion of the sale, the director now directly owns 138,684 shares of the company’s stock, valued at approximately $5,193,715.80. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

Several institutional investors have recently modified their holdings of BWFG. Seidman Lawrence B boosted its stake in shares of Bankwell Financial Group by 35.3% during the 2nd quarter. Seidman Lawrence B now owns 184,170 shares of the bank’s stock worth $5,752,000 after acquiring an additional 48,000 shares during the last quarter. Banc Funds Co. LLC boosted its stake in shares of Bankwell Financial Group by 9.3% during the 2nd quarter. Banc Funds Co. LLC now owns 412,094 shares of the bank’s stock worth $12,870,000 after acquiring an additional 35,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Bankwell Financial Group by 19.9% during the 2nd quarter. Vanguard Group Inc. now owns 176,883 shares of the bank’s stock worth $5,524,000 after acquiring an additional 29,324 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in shares of Bankwell Financial Group by 29.7% during the 3rd quarter. Wasatch Advisors Inc. now owns 80,189 shares of the bank’s stock worth $2,962,000 after acquiring an additional 18,371 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new position in shares of Bankwell Financial Group during the 3rd quarter valued at $482,000. Institutional investors and hedge funds 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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