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.
COPYRIGHT VIOLATION NOTICE: This piece was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/01/11/bankwell-financial-group-bwfg-downgraded-by-bidaskclub.html.
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.
Receive News & Ratings for Bankwell Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankwell Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.