Bankwell Financial Group (NASDAQ:BWFG) Price Target Raised to $53.00 at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods has raised the price target for Bankwell Financial Group (NASDAQ:BWFG) from $48.00 to $53.00, maintaining an "outperform" rating. This suggests a potential upside of 17.80% from the previous close. Other analysts have also provided ratings, with an average target price of $47.50. Bankwell's stock traded at $44.99, with a market cap of $354.07 million and a P/E ratio of 12.46. Recent insider trading shows mixed activity, with some buying and selling of shares.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) had its price target hoisted by analysts at Keefe, Bruyette & Woods from $48.00 to $53.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the bank's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 17.80% from the company's previous close.
BWFG has been the subject of several other research reports. Weiss Ratings restated a "buy (b-)" rating on shares of Bankwell Financial Group in a report on Friday. Wall Street Zen lowered shares of Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Finally, Hovde Group raised their target price on shares of Bankwell Financial Group from $38.50 to $42.00 and gave the stock a "market perform" rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Bankwell Financial Group currently has an average rating of "Moderate Buy" and an average target price of $47.50.
Get Our Latest Stock Analysis on Bankwell Financial Group
Bankwell Financial Group Price Performance
Shares of NASDAQ:BWFG traded up $0.38 on Monday, reaching $44.99. The company's stock had a trading volume of 13,395 shares, compared to its average volume of 21,968. Bankwell Financial Group has a 52-week low of $26.39 and a 52-week high of $48.03. The company has a market cap of $354.07 million, a P/E ratio of 12.46 and a beta of 0.68. The company has a 50-day simple moving average of $43.29 and a 200 day simple moving average of $38.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.25. Bankwell Financial Group had a net margin of 14.10% and a return on equity of 10.34%. The business had revenue of $27.76 million during the quarter, compared to analysts' expectations of $27.26 million.
Insider Buying and Selling
In other news, insider Ryan Jason Hildebrand sold 2,051 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $39.69, for a total value of $81,404.19. Following the completion of the transaction, the insider owned 3,334 shares of the company's stock, valued at approximately $132,326.46. This trade represents a 38.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lawrence B. Seidman acquired 17,000 shares of the stock in a transaction dated Friday, September 12th. The stock was acquired at an average cost of $45.91 per share, with a total value of $780,470.00. Following the purchase, the director owned 194,509 shares of the company's stock, valued at approximately $8,929,908.19. This trade represents a 9.58% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 29,083 shares of company stock valued at $1,316,383 and have sold 8,017 shares valued at $335,036. 19.48% of the stock is owned by corporate insiders.
Institutional Trading of Bankwell Financial Group
Several hedge funds have recently added to or reduced their stakes in the company. Fourthstone LLC raised its holdings in Bankwell Financial Group by 60.2% in the second quarter. Fourthstone LLC now owns 266,865 shares of the bank's stock valued at $9,615,000 after acquiring an additional 100,302 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Bankwell Financial Group by 2.6% in the first quarter. Pacific Ridge Capital Partners LLC now owns 179,127 shares of the bank's stock valued at $5,406,000 after acquiring an additional 4,543 shares in the last quarter. Geode Capital Management LLC raised its holdings in Bankwell Financial Group by 5.4% in the second quarter. Geode Capital Management LLC now owns 159,384 shares of the bank's stock valued at $5,744,000 after acquiring an additional 8,178 shares in the last quarter. GM Advisory Group LLC raised its holdings in Bankwell Financial Group by 0.6% in the second quarter. GM Advisory Group LLC now owns 105,066 shares of the bank's stock valued at $3,786,000 after acquiring an additional 589 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Bankwell Financial Group by 5.5% in the second quarter. Acadian Asset Management LLC now owns 93,233 shares of the bank's stock valued at $3,357,000 after acquiring an additional 4,890 shares in the last quarter. Institutional investors and hedge funds own 35.80% of the company's stock.
Bankwell Financial Group Company Profile
(Get Free Report)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.
See Also
- Five stocks we like better than Bankwell Financial Group
- What is the Dogs of the Dow Strategy? Overview and Examples
- 5 Different ETFs for Every Kind of Investor
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Why an Underrated Dividend Giant Deserves Space in Your Portfolio
- Which Wall Street Analysts are the Most Accurate?
- BHP Positioned to Win From U.S.-Australia Minerals Pact
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Bankwell Financial Group Right Now?
Before you consider Bankwell Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bankwell Financial Group wasn't on the list.
While Bankwell Financial Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
