Bankwell Financial Group
BWFG

$30.68

0.69%

Market Cap: $241M

About: Bankwell Financial Group Inc is a bank holding company, engaged in providing financial products and services. It offers products related to commercial lending, retail lending, depository services, and others. The bank's commercial lending products includes owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans to small and mid-sized businesses, and real estate construction and development loans. The retail lending products include residential mortgage loans, home equity lines of credit, and consumer installment loans. Its depository products include checking, savings, money market, certificates of deposit, noninterest-bearing demand, and time deposits.

Employees: 126

Financials State Commercial Banks

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

24% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 21

3% more funds holding

Funds holding: 64 [Q1] → 66 (+2) [Q2]

0.06% less ownership

Funds ownership: 34.78% [Q1] → 34.72% (-0.06%) [Q2]

3% less capital invested

Capital invested by funds: $71.6M [Q1] → $69.6M (-$2.06M) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$34

11%

upside

Avg. target

$34

11%

upside

High target

$34

11%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Keefe, Bruyette & Woods

Christopher O'Connell

82% 1-year accuracy

14 / 17 met price target

11%upside

$34

Outperform

Maintained

30 Jul 2024

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Financial journalist opinion

Kevin Leitão Elected to the Board of Directors of Bankwell Financial Group, Inc. and Bankwell Bank

NEW CANAAN, Conn.--(BUSINESS WIRE)--On May 29, 2024, the Boards of Directors of Bankwell Financial Group, Inc. (the "Company") and its wholly-owned subsidiary, Bankwell Bank (together with the Company, “Bankwell”) elected Kevin Leitão to serve as a Director of the Company and Bankwell Bank. Mr. Leitão is the founder of Leitão Law LLC, in New Canaan, CT. His law practice reflects his more than 30 years of experience as an in-house counsel, as a compliance and risk management executive and in pri.

Kevin Leitão Elected to the Board of Directors of Bankwell Financial Group, Inc. and Bankwell Bank

Bankwell Financial Group Reports Operating Results for the First Quarter and Declares Second Quarter Dividend

NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.8 million, or $0.48 per share for the first quarter of 2024, versus $10.4 million, or $1.33 per share, for the same period in 2023. Pre-tax, pre-provision net revenue ("PPNR") was $8.8 million, or $1.14 per share, for the first quarter of 2024, versus $14.4 million, or $1.89 per share for the same period in 2023. The Company's Board of Directors declared a $0.20 per share cash divide.

Bankwell Financial Group Reports Operating Results for the First Quarter and Declares Second Quarter Dividend

Bankwell Financial Group Reports Operating Results for the Fourth Quarter and Full Year 2023; Declares First Quarter Dividend

NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $8.5 million, or $1.09 per share for the fourth quarter of 2023, versus $8.0 million, or $1.04 per share, for the same period in 2022. For the year ended 2023, net income totaled $36.7 million, or $4.67 per share, versus $37.4 million, or $4.79 per share, for the same period in 2022. The Company's Board of Directors declared a $0.20 per share cash dividend, payable February 23, 2024 to.

Bankwell Financial Group Reports Operating Results for the Fourth Quarter and Full Year 2023; Declares First Quarter Dividend

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