BidaskClub Upgrades Bankwell Financial Group (BWFG) to “Sell”

Bankwell Financial Group (NASDAQ:BWFG) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday.

Separately, ValuEngine cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th.

Bankwell Financial Group (NASDAQ BWFG) traded down $0.32 during trading hours on Tuesday, reaching $34.80. The company’s stock had a trading volume of 3,200 shares, compared to its average volume of 12,764. Bankwell Financial Group has a 1 year low of $28.79 and a 1 year high of $38.50. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $271.03, a PE ratio of 17.85 and a beta of 0.52.

Bankwell Financial Group (NASDAQ:BWFG) last posted its earnings results on Wednesday, October 18th. The bank reported $0.55 earnings per share (EPS) for the quarter. Bankwell Financial Group had a return on equity of 9.92% and a net margin of 20.74%.

In other news, Director Blake S. Drexler sold 3,500 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $37.13, for a total value of $129,955.00. Following the sale, the director now directly owns 138,684 shares in the company, valued at $5,149,336.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Blake S. Drexler purchased 1,128 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average price of $36.59 per share, for a total transaction of $41,273.52. The disclosure for this purchase can be found here. Insiders own 22.37% of the company’s stock.

Several institutional investors have recently modified their holdings of BWFG. Bank of New York Mellon Corp lifted its holdings in shares of Bankwell Financial Group by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 29,512 shares of the bank’s stock valued at $922,000 after purchasing an additional 1,892 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Bankwell Financial Group by 3.9% in the second quarter. Wells Fargo & Company MN now owns 3,982 shares of the bank’s stock valued at $124,000 after purchasing an additional 151 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Bankwell Financial Group by 15.6% in the second quarter. Teachers Advisors LLC now owns 10,298 shares of the bank’s stock valued at $322,000 after purchasing an additional 1,386 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Bankwell Financial Group by 3.2% in the second quarter. TIAA CREF Investment Management LLC now owns 16,636 shares of the bank’s stock valued at $520,000 after purchasing an additional 515 shares in the last quarter. Finally, Context BH Capital Management LP lifted its holdings in shares of Bankwell Financial Group by 1.0% in the second quarter. Context BH Capital Management LP now owns 29,845 shares of the bank’s stock valued at $932,000 after purchasing an additional 298 shares in the last quarter. Institutional investors own 48.50% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://weekherald.com/2018/01/18/bidaskclub-upgrades-bankwell-financial-group-bwfg-to-sell.html.

About Bankwell Financial Group

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.

Receive News & Ratings for Bankwell Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankwell Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply