Bankwell Financial Group (NASDAQ:BWFG) Downgraded to Hold Rating by Wall Street Zen

Bankwell Financial Group (NASDAQ:BWFG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other analysts have also commented on BWFG. Keefe, Bruyette & Woods raised their price objective on Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Hovde Group upped their target price on Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bankwell Financial Group in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Bankwell Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Bankwell Financial Group Trading Down 1.4%

BWFG stock opened at $46.32 on Friday. Bankwell Financial Group has a 52-week low of $26.39 and a 52-week high of $51.54. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The firm has a market cap of $369.63 million, a P/E ratio of 10.43 and a beta of 0.67. The company’s 50-day simple moving average is $47.84 and its 200-day simple moving average is $45.76.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Thursday, January 29th. The bank reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.16. The firm had revenue of $30.32 million during the quarter, compared to analyst estimates of $28.06 million. Bankwell Financial Group had a return on equity of 12.21% and a net margin of 16.94%.

Insider Buying and Selling

In other news, insider Matt Mcneill sold 3,794 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $49.83, for a total value of $189,055.02. Following the completion of the sale, the insider owned 45,019 shares of the company’s stock, valued at $2,243,296.77. This represents a 7.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Courtney E. Sacchetti sold 1,062 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $49.79, for a total transaction of $52,876.98. Following the sale, the chief financial officer owned 3,201 shares of the company’s stock, valued at $159,377.79. This represents a 24.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders acquired 4,195 shares of company stock worth $198,508 and sold 11,897 shares worth $592,523. Company insiders own 19.48% of the company’s stock.

Institutional Investors Weigh In On Bankwell Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its stake in shares of Bankwell Financial Group by 70.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 722 shares of the bank’s stock valued at $26,000 after purchasing an additional 299 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Bankwell Financial Group by 585.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after buying an additional 585 shares during the period. BNP Paribas Financial Markets increased its stake in Bankwell Financial Group by 38.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock worth $40,000 after buying an additional 314 shares during the period. CWM LLC grew its holdings in Bankwell Financial Group by 71.8% during the 3rd quarter. CWM LLC now owns 1,041 shares of the bank’s stock worth $46,000 after acquiring an additional 435 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Bankwell Financial Group in the second quarter valued at $50,000. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.