BidaskClub Downgrades Bankwell Financial Group (BWFG) to Sell

Bankwell Financial Group (NASDAQ:BWFG) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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

Bankwell Financial Group (NASDAQ BWFG) opened at $34.20 on Wednesday. Bankwell Financial Group has a fifty-two week low of $28.79 and a fifty-two week high of $38.50. The company has a market capitalization of $267.41, a P/E ratio of 17.77 and a beta of 0.52. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39.

In other Bankwell Financial Group news, Director Blake S. Drexler sold 3,500 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $37.13, for a total transaction of $129,955.00. Following the completion of the transaction, the director now owns 138,684 shares of the company’s stock, valued at $5,149,336.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Blake S. Drexler bought 1,128 shares of Bankwell Financial Group stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $36.59 per share, with a total value of $41,273.52. The disclosure for this purchase can be found here. 22.37% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Bankwell Financial Group by 110.9% in the third quarter. Dimensional Fund Advisors LP now owns 17,450 shares of the bank’s stock valued at $645,000 after purchasing an additional 9,176 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Bankwell Financial Group by 45.2% in the third quarter. Wells Fargo & Company MN now owns 5,781 shares of the bank’s stock valued at $214,000 after purchasing an additional 1,799 shares in the last quarter. Wasatch Advisors Inc. grew its position in shares of Bankwell Financial Group by 29.7% in the third quarter. Wasatch Advisors Inc. now owns 80,189 shares of the bank’s stock valued at $2,962,000 after purchasing an additional 18,371 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Bankwell Financial Group in the third quarter valued at approximately $260,000. Finally, Bank of New York Mellon Corp grew its position in shares of Bankwell Financial Group by 5.8% in the third quarter. Bank of New York Mellon Corp now owns 31,228 shares of the bank’s stock valued at $1,154,000 after purchasing an additional 1,716 shares in the last quarter. 48.50% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/12/22/bidaskclub-downgrades-bankwell-financial-group-bwfg-to-sell.html.

Bankwell Financial Group Company Profile

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit