Bankwell Financial Group (NASDAQ:BWFG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Bankwell Financial Group, Inc. is a commercial bank which serves residents and businesses primarily in Fairfield and New Haven Counties, CT. It offers checking, savings, money market accounts; demand and NOW deposits, certificates of deposit, commercial lending products as well as electronic banking and online banking services. Bankwell Financial Group, Inc. is headquartered in New Canaan, Connecticut. “

BWFG has been the subject of several other research reports. ValuEngine upgraded shares of Bankwell Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Boenning Scattergood reiterated a “buy” rating on shares of Bankwell Financial Group in a research note on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $35.00.

Shares of NASDAQ:BWFG opened at $28.73 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.12 and a current ratio of 1.12. Bankwell Financial Group has a 52-week low of $26.39 and a 52-week high of $35.13. The stock has a market capitalization of $228.29 million, a PE ratio of 12.02 and a beta of 0.39.

Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Wednesday, January 30th. The bank reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Bankwell Financial Group had a net margin of 20.76% and a return on equity of 11.07%. The business had revenue of $15.07 million during the quarter, compared to analysts’ expectations of $15.00 million. On average, sell-side analysts predict that Bankwell Financial Group will post 2.31 earnings per share for the current year.

In related news, Director Todd Lampert sold 1,662 shares of the stock in a transaction dated Friday, December 21st. The shares were sold at an average price of $26.78, for a total value of $44,508.36. Following the completion of the sale, the director now owns 15,376 shares in the company, valued at $411,769.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 21.87% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Seidman Lawrence B lifted its stake in shares of Bankwell Financial Group by 196.5% in the fourth quarter. Seidman Lawrence B now owns 572,045 shares of the bank’s stock valued at $16,423,000 after buying an additional 379,124 shares during the period. BlackRock Inc. lifted its stake in Bankwell Financial Group by 3.9% during the fourth quarter. BlackRock Inc. now owns 317,980 shares of the bank’s stock worth $9,129,000 after purchasing an additional 11,973 shares during the period. Renaissance Technologies LLC lifted its stake in Bankwell Financial Group by 6.1% during the second quarter. Renaissance Technologies LLC now owns 184,900 shares of the bank’s stock worth $5,945,000 after purchasing an additional 10,600 shares during the period. Dimensional Fund Advisors LP lifted its stake in Bankwell Financial Group by 16.4% during the third quarter. Dimensional Fund Advisors LP now owns 76,416 shares of the bank’s stock worth $2,396,000 after purchasing an additional 10,752 shares during the period. Finally, Millennium Management LLC lifted its stake in Bankwell Financial Group by 137.5% during the second quarter. Millennium Management LLC now owns 55,054 shares of the bank’s stock worth $1,770,000 after purchasing an additional 31,873 shares during the period. Institutional investors and hedge funds own 48.75% of the company’s stock.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides a range of banking services to commercial and consumer customers in Connecticut. It accepts checking, savings, and money market accounts; and demand and NOW deposits, as well as certificates of deposit.

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