Bankwell Financial Group, Inc. (NASDAQ:BWFG – Get Free Report) Director Lawrence Seidman bought 1,930 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $50.11 per share, for a total transaction of $96,712.30. Following the transaction, the director owned 217,714 shares in the company, valued at approximately $10,909,648.54. The trade was a 0.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Bankwell Financial Group Stock Performance
NASDAQ BWFG opened at $50.56 on Friday. The company has a market cap of $402.96 million, a P/E ratio of 10.15 and a beta of 0.63. 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 business’s 50 day moving average price is $49.80 and its 200-day moving average price is $47.98. Bankwell Financial Group, Inc. has a fifty-two week low of $33.26 and a fifty-two week high of $53.86.
Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) last released its earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.18. The firm had revenue of $30.23 million for the quarter, compared to the consensus estimate of $30.47 million. Bankwell Financial Group had a return on equity of 13.31% and a net margin of 18.71%. Sell-side analysts predict that Bankwell Financial Group, Inc. will post 5.35 earnings per share for the current year.
Bankwell Financial Group Announces Dividend
Hedge Funds Weigh In On Bankwell Financial Group
Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Bankwell Financial Group by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 366,963 shares of the bank’s stock valued at $16,238,000 after acquiring an additional 13,823 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Bankwell Financial Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 319,241 shares of the bank’s stock valued at $15,489,000 after acquiring an additional 4,795 shares during the last quarter. Geode Capital Management LLC grew its position in Bankwell Financial Group by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock valued at $5,744,000 after acquiring an additional 8,178 shares during the last quarter. Siena Capital Partners GP LLC grew its position in shares of Bankwell Financial Group by 5.3% during the 3rd quarter. Siena Capital Partners GP LLC now owns 116,138 shares of the bank’s stock worth $5,139,000 after buying an additional 5,800 shares in the last quarter. Finally, State Street Corp grew its position in shares of Bankwell Financial Group by 5.6% during the 4th quarter. State Street Corp now owns 115,711 shares of the bank’s stock worth $5,302,000 after buying an additional 6,138 shares in the last quarter. Institutional investors own 35.80% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on BWFG. Weiss Ratings raised Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Hovde Group upped their price objective on Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods upped their price objective on Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen downgraded Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.
Check Out Our Latest Stock Analysis on Bankwell Financial Group
About Bankwell Financial Group
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.
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