Bankwell Financial Group, Inc. (NASDAQ:BWFG – Get Free Report) Director Lawrence Seidman bought 2,540 shares of Bankwell Financial Group stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $65.92 per share, with a total value of $167,436.80. Following the completion of the purchase, the director owned 223,684 shares in the company, valued at approximately $14,745,249.28. This trade represents a 1.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Bankwell Financial Group Price Performance
BWFG stock opened at $66.56 on Friday. The stock has a 50-day moving average price of $62.93 and a two-hundred day moving average price of $54.85. Bankwell Financial Group, Inc. has a 1 year low of $40.44 and a 1 year high of $69.59. The stock has a market cap of $530.48 million, a PE ratio of 12.44 and a beta of 0.59. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31.
Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. The company had revenue of $32.78 million for the quarter, compared to analyst estimates of $30.63 million. Bankwell Financial Group had a return on equity of 13.94% and a net margin of 19.80%. Equities analysts forecast that Bankwell Financial Group, Inc. will post 5.7 EPS for the current fiscal year.
Bankwell Financial Group Announces Dividend
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Hovde Group lifted their price objective on shares of Bankwell Financial Group from $51.00 to $63.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods raised their target price on shares of Bankwell Financial Group from $62.00 to $72.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Wall Street Zen lowered shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings raised shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, August 13th. Finally, Zacks Research upgraded shares of Bankwell Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $67.50.
Check Out Our Latest Research Report on Bankwell Financial Group
Hedge Funds Weigh In On Bankwell Financial Group
Several institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LP lifted its stake in shares of Bankwell Financial Group by 1.5% during the 2nd quarter. Corient Private Wealth LP now owns 22,223 shares of the bank’s stock worth $1,306,000 after buying an additional 320 shares during the last quarter. California State Teachers Retirement System grew its stake in Bankwell Financial Group by 1,270.8% in the 2nd quarter. California State Teachers Retirement System now owns 4,935 shares of the bank’s stock valued at $290,000 after buying an additional 4,575 shares during the last quarter. Empowered Funds LLC bought a new position in Bankwell Financial Group in the 2nd quarter valued at about $1,891,000. Bank of America Corp DE bought a new position in Bankwell Financial Group in the 2nd quarter valued at about $1,283,000. Finally, Hsbc Holdings PLC acquired a new stake in Bankwell Financial Group during the second quarter worth approximately $268,000. 35.80% of the stock is currently owned by institutional investors and hedge funds.
About Bankwell Financial Group
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.
Featured Articles
- Five stocks we like better than Bankwell Financial Group
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Bankwell Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankwell Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.
