Bankwell Financial Group (NASDAQ:BWFG) Downgraded by ValuEngine

ValuEngine lowered shares of Bankwell Financial Group (NASDAQ:BWFG) from a hold rating to a sell rating in a research report report published on Wednesday, June 26th, ValuEngine reports.

Separately, Zacks Investment Research cut shares of Hersha Hospitality Trust from a buy rating to a hold rating in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $33.50.

Bankwell Financial Group stock traded down $0.17 during trading hours on Wednesday, hitting $27.97. 4,018 shares of the stock were exchanged, compared to its average volume of 15,773. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $224.16 million, a PE ratio of 11.70 and a beta of 0.42. Bankwell Financial Group has a 12 month low of $26.39 and a 12 month high of $32.90. The stock has a 50-day moving average of $28.71.

Bankwell Financial Group (NASDAQ:BWFG) last issued its earnings results on Wednesday, April 24th. The bank reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. The firm had revenue of $15.58 million during the quarter, compared to the consensus estimate of $14.75 million. Bankwell Financial Group had a net margin of 20.64% and a return on equity of 11.11%. As a group, sell-side analysts expect that Bankwell Financial Group will post 2.29 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Seidman Lawrence B increased its position in Bankwell Financial Group by 22.0% in the 1st quarter. Seidman Lawrence B now owns 698,157 shares of the bank’s stock valued at $20,372,000 after buying an additional 126,112 shares in the last quarter. Summit Trail Advisors LLC boosted its position in Bankwell Financial Group by 167.2% during the fourth quarter. Summit Trail Advisors LLC now owns 88,438 shares of the bank’s stock valued at $2,539,000 after purchasing an additional 55,337 shares in the last quarter. Clover Partners L.P. boosted its position in Bankwell Financial Group by 64.3% during the fourth quarter. Clover Partners L.P. now owns 70,592 shares of the bank’s stock valued at $2,027,000 after purchasing an additional 27,614 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Bankwell Financial Group by 30.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 99,389 shares of the bank’s stock valued at $2,853,000 after purchasing an additional 22,973 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Bankwell Financial Group by 3.9% during the fourth quarter. BlackRock Inc. now owns 317,980 shares of the bank’s stock valued at $9,129,000 after purchasing an additional 11,973 shares in the last quarter. 52.97% of the stock is currently owned by institutional investors.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides a range of banking services to commercial and consumer customers in Connecticut. It accepts checking, savings, and money market accounts; and time, demand, and NOW deposits, as well as certificates of deposit.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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