Bankwell Financial Group’s (BWFG) Buy Rating Reaffirmed at Boenning Scattergood

Boenning Scattergood restated their buy rating on shares of Bankwell Financial Group (NASDAQ:BWFG) in a research note issued to investors on Thursday, AnalystRatings.com reports. Boenning Scattergood currently has a $34.00 target price on the bank’s stock.

Several other research analysts have also recently issued reports on BWFG. ValuEngine cut Bankwell Financial Group from a hold rating to a sell rating in a research report on Wednesday, June 26th. Zacks Investment Research raised Bankwell Financial Group from a hold rating to a buy rating and set a $32.00 price objective for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $33.33.

BWFG traded down $0.63 during trading on Thursday, hitting $27.51. The company’s stock had a trading volume of 11,927 shares, compared to its average volume of 15,216. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.99. Bankwell Financial Group has a twelve month low of $26.39 and a twelve month high of $32.39. The business’s fifty day moving average price is $28.52. The company has a market cap of $221.80 million, a price-to-earnings ratio of 11.59 and a beta of 0.42.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.16. Bankwell Financial Group had a return on equity of 11.11% and a net margin of 20.64%. The firm had revenue of $14.93 million for the quarter, compared to analyst estimates of $14.65 million. Equities research analysts forecast that Bankwell Financial Group will post 2.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, August 15th. Bankwell Financial Group’s dividend payout ratio is presently 21.76%.

A number of institutional investors and hedge funds have recently bought and sold shares of BWFG. BNP Paribas Arbitrage SA grew its holdings in Bankwell Financial Group by 711.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,290 shares of the bank’s stock valued at $38,000 after buying an additional 1,131 shares during the last quarter. Bank of America Corp DE grew its holdings in Bankwell Financial Group by 91.5% during the 4th quarter. Bank of America Corp DE now owns 3,992 shares of the bank’s stock valued at $115,000 after buying an additional 1,907 shares during the last quarter. Strs Ohio grew its holdings in Bankwell Financial Group by 7.6% during the 2nd quarter. Strs Ohio now owns 11,300 shares of the bank’s stock valued at $324,000 after buying an additional 800 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Bankwell Financial Group by 100.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 18,501 shares of the bank’s stock valued at $531,000 after buying an additional 9,251 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Bankwell Financial Group by 4.1% during the 4th quarter. Bank of New York Mellon Corp now owns 40,012 shares of the bank’s stock valued at $1,148,000 after buying an additional 1,572 shares during the last quarter. 52.97% of the stock is owned by hedge funds and other institutional investors.

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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