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

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) had its price objective upped by Keefe, Bruyette & Woods from $40.00 to $42.00 in a report issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the bank's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 21.92% from the stock'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, April 25th.

Bankwell Financial Group Price Performance

Shares of BWFG stock traded up $0.95 during trading hours on Monday, hitting $34.45. The stock had a trading volume of 10,880 shares, compared to its average volume of 14,512. The stock's 50-day moving average price is $30.13 and its two-hundred day moving average price is $30.71. Bankwell Financial Group has a one year low of $22.80 and a one year high of $35.25. The stock has a market capitalization of $271.78 million, a price-to-earnings ratio of 29.20 and a beta of 0.60. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06.

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

Insider Buying and Selling at Bankwell Financial Group

In other news, EVP Christine Chivily sold 942 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.63, for a total transaction of $30,737.46. Following the transaction, the executive vice president now owns 16,047 shares of the company's stock, valued at approximately $523,613.61. This represents a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Matt Mcneill sold 1,908 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.43, for a total value of $61,876.44. Following the sale, the insider now directly owns 40,353 shares of the company's stock, valued at $1,308,647.79. This represents a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,754 shares of company stock worth $214,683 over the last quarter. Insiders own 19.48% of the company's stock.

Institutional Trading of Bankwell Financial Group

A number of large investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in Bankwell Financial Group by 0.6% during the 3rd quarter. State Street Corp now owns 78,017 shares of the bank's stock valued at $2,337,000 after buying an additional 500 shares in the last quarter. GM Advisory Group LLC raised its stake in shares of Bankwell Financial Group by 0.6% during the fourth quarter. GM Advisory Group LLC now owns 90,358 shares of the bank's stock valued at $2,815,000 after acquiring an additional 551 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Bankwell Financial Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 148,035 shares of the bank's stock valued at $4,612,000 after purchasing an additional 693 shares during the period. Empowered Funds LLC grew its stake in Bankwell Financial Group by 4.7% in the fourth quarter. Empowered Funds LLC now owns 20,560 shares of the bank's stock worth $640,000 after purchasing an additional 918 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Bankwell Financial Group by 1.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 54,765 shares of the bank's stock worth $1,706,000 after purchasing an additional 918 shares during the period. 35.80% of the stock is owned by hedge funds and other institutional investors.

About Bankwell Financial Group

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.