Shares of Bankwell Financial Gr (NASDAQ:BWFG) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also assigned Bankwell Financial Gr an industry rank of 111 out of 265 based on the ratings given to related companies.
A number of analysts recently issued reports on BWFG shares. BidaskClub downgraded shares of Bankwell Financial Gr from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 target price on shares of Bankwell Financial Gr in a research report on Tuesday, February 27th.
In other news, CEO Christopher R. Gruseke acquired 5,000 shares of the stock in a transaction on Thursday, May 10th. The stock was bought at an average price of $31.31 per share, with a total value of $156,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 10,451 shares of company stock valued at $330,300 in the last ninety days. 22.37% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. LSV Asset Management acquired a new stake in Bankwell Financial Gr in the first quarter valued at approximately $133,000. Wells Fargo & Company MN grew its position in shares of Bankwell Financial Gr by 45.2% during the third quarter. Wells Fargo & Company MN now owns 5,781 shares of the bank’s stock worth $214,000 after buying an additional 1,799 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Bankwell Financial Gr during the fourth quarter worth approximately $269,000. Mackay Shields LLC acquired a new stake in shares of Bankwell Financial Gr during the first quarter worth approximately $289,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Bankwell Financial Gr by 19.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 9,200 shares of the bank’s stock worth $316,000 after buying an additional 1,500 shares in the last quarter. 49.62% of the stock is owned by institutional investors.
BWFG traded up $0.74 on Friday, reaching $31.56. 11 shares of the company’s stock were exchanged, compared to its average volume of 8,108. The company has a market cap of $240.50 million, a PE ratio of 14.21 and a beta of 0.47. Bankwell Financial Gr has a twelve month low of $29.90 and a twelve month high of $37.95. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.13 and a current ratio of 1.13.
Bankwell Financial Gr (NASDAQ:BWFG) last posted its earnings results on Wednesday, April 25th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.04). The business had revenue of $15.04 million for the quarter. Bankwell Financial Gr had a return on equity of 10.47% and a net margin of 18.87%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Tuesday, May 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, May 14th.
About Bankwell Financial Gr
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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