Bankwell Financial Group (NASDAQ:BWFG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Bankwell Financial Group (NASDAQ:BWFG) had its price objective upped by investment analysts at Keefe, Bruyette & Woods from $36.00 to $40.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 21.14% from the stock’s current price.

Bankwell Financial Group Stock Performance

NASDAQ:BWFG opened at $33.02 on Wednesday. The stock has a market capitalization of $259.54 million, a P/E ratio of 16.93 and a beta of 0.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. Bankwell Financial Group has a 1 year low of $22.47 and a 1 year high of $35.25. The firm has a 50 day moving average of $30.67 and a 200-day moving average of $27.86.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.32. The firm had revenue of $49.35 million during the quarter. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%.

Institutional Investors Weigh In On Bankwell Financial Group

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Bankwell Financial Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock worth $8,541,000 after purchasing an additional 1,933 shares in the last quarter. Bank of New York Mellon Corp raised its position in Bankwell Financial Group by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock worth $724,000 after purchasing an additional 1,676 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Bankwell Financial Group by 42.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock worth $124,000 after buying an additional 1,449 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Bankwell Financial Group by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock valued at $7,100,000 after buying an additional 755 shares during the last quarter. Finally, GM Advisory Group LLC increased its stake in shares of Bankwell Financial Group by 7.7% in the 2nd quarter. GM Advisory Group LLC now owns 89,154 shares of the bank’s stock valued at $2,262,000 after buying an additional 6,341 shares during the period. Institutional investors own 35.80% 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 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.