In a report released today, Erik Zwick from Boenning & Scattergood reiterated a Buy rating on Bankwell Financial Group (NASDAQ: BWFG), with a price target of $36.50. The company’s shares opened today at $32.80.
Zwick wrote:
“We reiterate our Outperform rating and $36.50 price target and believe shares would be most attractive to small-cap and GARP-style investors.”
Zwick has an average return of 2.0% when recommending Bankwell Financial Group.
According to TipRanks.com, Zwick is ranked #1771 out of 4843 analysts.
Bankwell Financial Group has an analyst consensus of Moderate Buy, with a price target consensus of $35.17.
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Based on Bankwell Financial Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $4.55 million. In comparison, last year the company had a net profit of $3.73 million.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BWFG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Bankwell Financial Group, Inc. is a bank holding company, which engages in the provision of financial services through its banking subsidiary, Bankwell Bank. The company offers personal banking solutions comprise checking accounts; online and mobile banking, and bill pay services; savings and money market accounts, and certificates of deposits; and personal loans. It also provides business banking solutions, including business checking accounts; cash management services; online banking and bill pay services; remote deposit capture services; business savings products, business money market accounts, and business certificates of deposit; and commercial loans and mortgages. The company was founded in 2007 and is headquartered in New Canaan, CT.
