Bankwell Financial Gr (BWFG) Downgraded by Keefe, Bruyette & Woods to Market Perform

Bankwell Financial Gr (NASDAQ:BWFG) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued on Monday, May 7th, Marketbeat.com reports.

Separately, BidaskClub downgraded Bankwell Financial Gr from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 10th.

Shares of Bankwell Financial Gr opened at $31.17 on Monday, Marketbeat.com reports. The firm has a market cap of $243.40 million, a PE ratio of 14.38 and a beta of 0.47. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.35. Bankwell Financial Gr has a 12-month low of $30.36 and a 12-month high of $30.37.

Bankwell Financial Gr (NASDAQ:BWFG) last announced its earnings results on Wednesday, April 25th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The company had revenue of $15.04 million for the quarter. Bankwell Financial Gr had a return on equity of 10.47% and a net margin of 18.87%.

In other Bankwell Financial Gr news, CEO Christopher R. Gruseke purchased 5,000 shares of the stock in a transaction dated Monday, May 7th. The shares were acquired at an average price of $31.98 per share, for a total transaction of $159,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 10,400 shares of company stock worth $328,726 in the last quarter. 22.37% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Millennium Management LLC grew its holdings in shares of Bankwell Financial Gr by 17.1% during the first quarter. Millennium Management LLC now owns 23,181 shares of the bank’s stock valued at $748,000 after buying an additional 3,387 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. grew its stake in Bankwell Financial Gr by 34.2% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 73,602 shares of the bank’s stock valued at $2,376,000 after purchasing an additional 18,738 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Bankwell Financial Gr by 47.9% in the first quarter. Dimensional Fund Advisors LP now owns 47,992 shares of the bank’s stock valued at $1,549,000 after purchasing an additional 15,543 shares in the last quarter. LSV Asset Management purchased a new position in Bankwell Financial Gr in the first quarter valued at about $133,000. Finally, Mackay Shields LLC purchased a new position in Bankwell Financial Gr in the first quarter valued at about $289,000. Institutional investors and hedge funds own 48.86% of the company’s stock.

About Bankwell Financial Gr

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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