Bankwell Financial Group (NASDAQ:BWFG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Bankwell Financial Group (NASDAQ:BWFG) had its price target raised by analysts at Keefe, Bruyette & Woods from $62.00 to $72.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 11.85% from the company’s previous close.

Several other research firms have also recently commented on BWFG. Weiss Ratings cut shares of Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Hovde Group upped their price objective on Bankwell Financial Group from $51.00 to $63.00 and gave the stock a “market perform” rating in a report on Monday. Finally, Wall Street Zen cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Bankwell Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $67.50.

Bankwell Financial Group Price Performance

Bankwell Financial Group stock opened at $64.37 on Tuesday. The business’s fifty day moving average is $56.47 and its two-hundred day moving average is $51.69. 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 market cap of $513.22 million, a P/E ratio of 12.03 and a beta of 0.61. Bankwell Financial Group has a 52 week low of $38.20 and a 52 week high of $64.61.

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

Insider Buying and Selling at Bankwell Financial Group

In other Bankwell Financial Group news, Director Lawrence B. Seidman bought 3,300 shares of the stock in a transaction on Monday, June 1st. The stock was purchased at an average price of $51.87 per share, with a total value of $171,171.00. Following the acquisition, the director owned 218,756 shares of the company’s stock, valued at approximately $11,346,873.72. The trade was a 1.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric J. Dale bought 588 shares of the company’s stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $53.70 per share, with a total value of $31,575.60. Following the transaction, the director directly owned 42,496 shares in the company, valued at approximately $2,282,035.20. The trade was a 1.40% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 7,156 shares of company stock valued at $370,525 and sold 8,909 shares valued at $476,575. 20.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Legato Capital Management LLC bought a new stake in Bankwell Financial Group in the fourth quarter valued at about $443,000. Quadrature Capital Ltd bought a new position in Bankwell Financial Group during the fourth quarter worth about $532,000. Jump Financial LLC bought a new position in Bankwell Financial Group during the fourth quarter worth about $368,000. Franklin Resources Inc. acquired a new position in shares of Bankwell Financial Group during the 3rd quarter worth about $302,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Bankwell Financial Group by 523.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock valued at $72,000 after acquiring an additional 1,675 shares during the last quarter. 35.80% of the stock is currently owned by institutional investors.

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.