Bankwell Financial Group (NASDAQ:BWFG) Stock Price Expected to Rise, Hovde Group Analyst Says

Bankwell Financial Group (NASDAQ:BWFG) had its target price lifted by research analysts at Hovde Group from $51.00 to $63.00 in a report released on Monday. The firm presently has a “market perform” rating on the bank’s stock. Hovde Group’s target price indicates a potential upside of 1.27% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Wall Street Zen cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings cut Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $59.00.

Bankwell Financial Group Price Performance

Shares of Bankwell Financial Group stock opened at $62.21 on Monday. Bankwell Financial Group has a one year low of $36.22 and a one year high of $62.41. The company has a market cap of $495.81 million, a P/E ratio of 11.63 and a beta of 0.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a fifty day moving average of $56.21 and a two-hundred day moving average of $51.56.

Bankwell Financial Group (NASDAQ:BWFG) last issued its earnings results on Thursday, July 23rd. The bank reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.23. Bankwell Financial Group had a net margin of 19.80% and a return on equity of 14.19%. The business had revenue of $32.78 million for the quarter, compared to the consensus estimate of $30.63 million. On average, analysts forecast that Bankwell Financial Group will post 5.35 earnings per share for the current year.

Insider Buying and Selling at Bankwell Financial Group

In other Bankwell Financial Group news, Director Todd Lampert sold 3,500 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $53.59, for a total transaction of $187,565.00. Following the sale, the director owned 12,366 shares in the company, valued at approximately $662,693.94. This represents a 22.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric J. Dale purchased 588 shares of the company’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $53.70 per share, with a total value of $31,575.60. Following the transaction, the director directly owned 42,496 shares of the company’s stock, valued at $2,282,035.20. This represents a 1.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 7,156 shares of company stock worth $370,525 and sold 8,909 shares worth $476,575. Company insiders own 20.98% of the company’s stock.

Institutional Trading of Bankwell Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWFG. Sei Investments Co. boosted its position in Bankwell Financial Group by 111.4% during the first quarter. Sei Investments Co. now owns 41,342 shares of the bank’s stock worth $2,006,000 after acquiring an additional 21,786 shares during the last quarter. Nuveen LLC raised its holdings in Bankwell Financial Group by 73.6% in the 4th quarter. Nuveen LLC now owns 42,776 shares of the bank’s stock valued at $1,960,000 after acquiring an additional 18,130 shares during the last quarter. Focus Partners Wealth acquired a new position in Bankwell Financial Group in the 3rd quarter valued at $759,000. Two Sigma Investments LP purchased a new position in shares of Bankwell Financial Group during the 3rd quarter worth $695,000. Finally, Trexquant Investment LP lifted its stake in shares of Bankwell Financial Group by 57.4% during the 4th quarter. Trexquant Investment LP now owns 39,486 shares of the bank’s stock worth $1,809,000 after purchasing an additional 14,407 shares during the period. 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 New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.

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.