Bankwell Financial Group (NASDAQ:BWFG) Price Target Raised to $42.00 at Keefe, Bruyette & Woods

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) had its price objective lifted by research analysts at Keefe, Bruyette & Woods from $40.00 to $42.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the bank's stock. Keefe, Bruyette & Woods' price target points to a potential upside of 28.92% from the company's previous close.

Separately, StockNews.com raised shares of Bankwell Financial Group from a "hold" rating to a "buy" rating in a report on Friday.

Bankwell Financial Group Trading Up 1.2 %

Shares of BWFG stock traded up $0.39 on Monday, reaching $32.58. 3,530 shares of the company's stock were exchanged, compared to its average volume of 14,434. The company's fifty day simple moving average is $29.86 and its 200 day simple moving average is $30.58. Bankwell Financial Group has a 52 week low of $22.70 and a 52 week high of $35.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $257.02 million, a PE ratio of 27.55 and a beta of 0.60.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.87 EPS for the quarter, topping the consensus estimate of $0.73 by $0.14. The company had revenue of $23.57 million for the quarter, compared to the consensus estimate of $22.63 million. Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Insider Activity

In other news, Director Eric J. Dale purchased 875 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $30.42 per share, with a total value of $26,617.50. Following the completion of the transaction, the director now directly owns 38,682 shares in the company, valued at approximately $1,176,706.44. This represents a 2.31 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven H. Brunner sold 2,198 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $30.69, for a total value of $67,456.62. Following the transaction, the executive vice president now directly owns 604 shares in the company, valued at approximately $18,536.76. This represents a 78.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,147 shares of company stock valued at $193,975. 19.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bankwell Financial Group

Institutional investors have recently made changes to their positions in the stock. Fourthstone LLC increased its position in shares of Bankwell Financial Group by 307.5% in the fourth quarter. Fourthstone LLC now owns 105,585 shares of the bank's stock valued at $3,289,000 after buying an additional 79,673 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in Bankwell Financial Group by 30.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 174,584 shares of the bank's stock worth $5,438,000 after purchasing an additional 40,458 shares during the last quarter. Northeast Financial Consultants Inc purchased a new stake in shares of Bankwell Financial Group during the 4th quarter valued at $682,000. SeaCrest Wealth Management LLC purchased a new position in shares of Bankwell Financial Group in the 4th quarter worth $624,000. Finally, Kennedy Capital Management LLC raised its holdings in shares of Bankwell Financial Group by 60.8% in the 4th quarter. Kennedy Capital Management LLC now owns 36,312 shares of the bank's stock worth $1,131,000 after purchasing an additional 13,733 shares during the period. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.

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