Bankwell Financial Group, Inc. (BWFG) Stock Rating Lowered by ValuEngine

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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In related news, EVP David P. Dineen sold 1,218 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $35.77, for a total value of $43,567.86. Following the transaction, the executive vice president now directly owns 5,625 shares in the company, valued at $201,206.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Blake S. Drexler acquired 1,128 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $36.59 per share, for a total transaction of $41,273.52. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 16,968 shares of company stock worth $624,365. 22.37% of the stock is owned by company insiders.

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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