Bankwell Financial Group, Inc. (BWFG) Scheduled to Post Earnings on Tuesday
Bankwell Financial Group, Inc. (NASDAQ:BWFG) will post its quarterly earnings results on Tuesday, October 24th. Analysts expect Bankwell Financial Group to post earnings of $0.49 per share for the quarter.
Bankwell Financial Group, Inc. (NASDAQ BWFG) opened at 36.66 on Tuesday. Bankwell Financial Group, Inc. has a 52-week low of $23.00 and a 52-week high of $38.50. The stock has a 50 day moving average price of $35.01 and a 200 day moving average price of $33.62. The stock has a market cap of $277.52 million, a price-to-earnings ratio of 20.24 and a beta of 0.58.
In related news, EVP David P. Dineen sold 1,218 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $35.77, for a total transaction of $43,567.86. Following the sale, the executive vice president now owns 5,625 shares of the company’s stock, valued at $201,206.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James A. Fieber sold 7,144 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $33.10, for a total value of $236,466.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,468 shares of company stock worth $450,996. 22.37% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in Bankwell Financial Group stock. State Street Corp boosted its stake in shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,468 shares of the bank’s stock after purchasing an additional 3,305 shares during the quarter. State Street Corp owned about 1.13% of Bankwell Financial Group worth $2,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 47.56% of the stock is currently owned by institutional investors and hedge funds.
Separately, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $37.00 price objective on shares of Bankwell Financial Group in a research report on Thursday, July 27th.
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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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