Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Friday.

A number of other research analysts have also issued reports on BWFG. Keefe, Bruyette & Woods raised their price objective on shares of Bankwell Financial Group from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Raymond James Financial started coverage on shares of Bankwell Financial Group in a report on Thursday, June 26th. They issued a "market perform" rating for the company. Finally, Hovde Group upgraded shares of Bankwell Financial Group to a "hold" rating and raised their price objective for the company from $35.00 to $38.50 in a report on Monday, June 23rd.

Read Our Latest Report on Bankwell Financial Group

Shares of BWFG stock traded down $0.12 on Friday, reaching $37.88. The company had a trading volume of 28,258 shares, compared to its average volume of 15,415. The stock has a market capitalization of $298.12 million, a PE ratio of 24.13 and a beta of 0.66. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.40. Bankwell Financial Group has a one year low of $24.66 and a one year high of $40.21. The business's 50-day moving average is $35.83 and its 200 day moving average is $32.34.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. The firm had revenue of $23.57 million during the quarter, compared to analysts' expectations of $22.63 million. Bankwell Financial Group had a net margin of 6.33% and a return on equity of 4.60%.

In other Bankwell Financial Group news, EVP Steven H. Brunner sold 807 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $33.36, for a total transaction of $26,921.52. Following the completion of the sale, the executive vice president owned 1,548 shares of the company's stock, valued at approximately $51,641.28. This represents a 34.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan Jason Hildebrand sold 1,282 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $36.86, for a total transaction of $47,254.52. Following the sale, the insider directly owned 2,051 shares of the company's stock, valued at $75,599.86. This represents a 38.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,306 shares of company stock valued at $46,585 and have sold 2,478 shares valued at $88,410. Corporate insiders own 19.48% of the company's stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Bankwell Financial Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 288,871 shares of the bank's stock valued at $8,998,000 after purchasing an additional 7,363 shares during the period. Pacific Ridge Capital Partners LLC grew its position in shares of Bankwell Financial Group by 2.6% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 179,127 shares of the bank's stock worth $5,406,000 after buying an additional 4,543 shares during the period. Geode Capital Management LLC grew its position in shares of Bankwell Financial Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 148,035 shares of the bank's stock worth $4,612,000 after buying an additional 693 shares during the period. Fourthstone LLC grew its position in shares of Bankwell Financial Group by 307.5% during the 4th quarter. Fourthstone LLC now owns 105,585 shares of the bank's stock worth $3,289,000 after buying an additional 79,673 shares during the period. Finally, GM Advisory Group LLC grew its position in shares of Bankwell Financial Group by 15.6% during the 1st quarter. GM Advisory Group LLC now owns 104,477 shares of the bank's stock worth $3,153,000 after buying an additional 14,119 shares during the period. Institutional investors and hedge funds own 35.80% of the company's stock.

(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.

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