Bankwell Financial Group Inc (BWFG) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Bankwell Financial Group Inc (NASDAQ:BWFG) have received a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $34.00.
BWFG has been the topic of several research analyst reports. Zacks Investment Research cut shares of Bankwell Financial Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 1st. ValuEngine raised shares of Bankwell Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, January 4th.
In other news, EVP Heidi Dewyngaert sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $30.00, for a total transaction of $45,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.87% of the company’s stock.
Bankwell Financial Group stock traded up $0.14 during trading hours on Monday, hitting $29.88. 17,981 shares of the company traded hands, compared to its average volume of 17,459. The stock has a market cap of $233.46 million, a price-to-earnings ratio of 12.50 and a beta of 0.39. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. Bankwell Financial Group has a 1-year low of $26.39 and a 1-year high of $33.15.
Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Wednesday, January 30th. The bank reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The firm had revenue of $15.07 million for the quarter, compared to analysts’ expectations of $15.00 million. Bankwell Financial Group had a net margin of 20.76% and a return on equity of 11.01%. Research analysts expect that Bankwell Financial Group will post 2.31 earnings per share for the current fiscal year.
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 time, demand, and NOW deposits, as well as certificates of deposit.
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