Bankwell Financial Group, Inc. (NASDAQ:BWFG) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
Separately, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $37.00 price target on shares of Bankwell Financial Group in a research report on Thursday, July 27th.
Shares of Bankwell Financial Group (NASDAQ:BWFG) opened at $33.32 on Tuesday. Bankwell Financial Group has a 52-week low of $25.53 and a 52-week high of $38.50. The firm has a market capitalization of $258.22, a PE ratio of 17.16 and a beta of 0.56. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39.
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Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Bankwell Financial Group by 3.9% in the second quarter. Wells Fargo & Company MN now owns 3,982 shares of the bank’s stock worth $124,000 after buying an additional 151 shares in the last quarter. Context BH Capital Management LP boosted its stake in Bankwell Financial Group by 1.0% in the second quarter. Context BH Capital Management LP now owns 29,845 shares of the bank’s stock worth $932,000 after buying an additional 298 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Bankwell Financial Group by 3.2% in the second quarter. TIAA CREF Investment Management LLC now owns 16,636 shares of the bank’s stock worth $520,000 after buying an additional 515 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in Bankwell Financial Group by 1.3% in the second quarter. Wasatch Advisors Inc. now owns 61,818 shares of the bank’s stock worth $1,931,000 after buying an additional 818 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Bankwell Financial Group by 13.6% in the second quarter. Citigroup Inc. now owns 7,535 shares of the bank’s stock worth $235,000 after buying an additional 901 shares in the last quarter. Institutional investors own 48.22% of the company’s stock.
Bankwell Financial Group Company Profile
Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.
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