Bankwell Financial Group Inc (BWFG) Given Consensus Recommendation of “Hold” by Analysts

Bankwell Financial Group Inc (NASDAQ:BWFG) has been assigned an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $34.00.

A number of research firms have weighed in on BWFG. Zacks Investment Research downgraded shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine raised shares of Bankwell Financial Group from a “sell” rating to a “hold” rating in a research report on Monday.

In other Bankwell Financial Group news, EVP Heidi Dewyngaert sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $30.00, for a total transaction of $45,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 4,500 shares of company stock valued at $135,000 in the last three months. Insiders own 16.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in Bankwell Financial Group by 46.7% in 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 during the last quarter. BlackRock Inc. grew its position in Bankwell Financial Group by 1.2% in 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 during the last quarter. Dimensional Fund Advisors LP grew its position in Bankwell Financial Group by 16.4% in 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 during the last quarter. Rhumbline Advisers bought a new position in Bankwell Financial Group in the 4th quarter worth about $241,000. Finally, Janney Montgomery Scott LLC bought a new position in Bankwell Financial Group in the 4th quarter worth about $266,000. 52.75% of the stock is owned by institutional investors and hedge funds.

Shares of Bankwell Financial Group stock traded down $0.14 on Friday, hitting $29.70. The stock had a trading volume of 4,600 shares, compared to its average volume of 18,103. Bankwell Financial Group has a twelve month low of $26.39 and a twelve month high of $33.15. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $231.64 million, a P/E ratio of 12.46 and a beta of 0.40.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. Bankwell Financial Group had a return on equity of 11.11% and a net margin of 20.64%. The company had revenue of $15.58 million during the quarter, compared to the consensus estimate of $14.75 million. Equities analysts anticipate that Bankwell Financial Group will post 2.29 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, May 13th. Bankwell Financial Group’s dividend payout ratio is presently 21.76%.

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 time, demand, and NOW deposits, as well as certificates of deposit.

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