The stock of Bankwell Financial Group Inc (NASDAQ:BWFG) reached all time high today, Nov, 24 and still has $30.44 target or 6.00% above today’s $28.72 share price. This indicates more upside for the $229.03 million company. This technical setup was reported by Barchart.com. If the $30.44 PT is reached, the company will be worth $13.74M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.07% or $0.02 on November 23, hitting $28.72. About 18,761 shares traded hands or 100.76% up from the average. Bankwell Financial Group Inc (NASDAQ:BWFG) has risen 37.22% since April 22, 2016 and is uptrending. It has outperformed by 31.81% the S&P500.
Analysts await Bankwell Financial Group Inc (NASDAQ:BWFG) to report earnings on January, 25.
According to Zacks Investment Research, “Bankwell Financial Group, Inc. is a commercial bank which serves residents and businesses primarily in Fairfield and New Haven Counties, CT. It offers checking, savings, money market accounts; demand and NOW deposits, certificates of deposit, commercial lending products as well as electronic banking and online banking services. Bankwell Financial Group, Inc. is headquartered in New Canaan, Connecticut.”
Insitutional Activity: The institutional sentiment decreased to 1.64 in 2016 Q2. Its down 3.36, from 5 in 2016Q1. The ratio turned negative, as 3 funds sold all Bankwell Financial Group Inc shares owned while 3 reduced positions. 17 funds bought stakes while 13 increased positions. They now own 6.29 million shares or 140.10% more from 2.62 million shares in 2016Q1.
The New York-based Teachers Advisors Incorporated has invested 0% in Bankwell Financial Group Inc (NASDAQ:BWFG). Blackrock Invest Mngmt Ltd Liability Com has invested 0% of its portfolio in Bankwell Financial Group Inc (NASDAQ:BWFG). Blackrock Institutional Trust Co Na, a California-based fund reported 41,835 shares. California State Teachers Retirement Systems has 11,995 shares for 0% of their US portfolio. Nationwide Fund Advisors holds 3,635 shares or 0% of its portfolio. Federated Investors Pa has 226 shares for 0% of their US portfolio. Seidman Lawrence B holds 136,170 shares or 2.06% of its portfolio. Bridgeway Cap Mngmt Inc accumulated 0.02% or 48,500 shares. Commonwealth Equity Svcs Inc has 15,544 shares for 0% of their US portfolio. Northern Tru last reported 54,304 shares in the company. Manufacturers Life Ins The accumulated 328,861 shares or 0.01% of the stock. Wellington Management Grp Inc Llp holds 0% or 462,868 shares in its portfolio. Wilkins Investment Counsel last reported 0.17% of its portfolio in the stock. Citigroup has 0% invested in the company for 6,069 shares. Rmb Capital Llc owns 145,950 shares or 0.17% of their US portfolio.
Insider Transactions: Since May 25, 2016, the stock had 1 buy, and 0 selling transactions for $21,350 net activity. Porto Carl M also bought $137,850 worth of Bankwell Financial Group Inc (NASDAQ:BWFG) shares. Gruseke Christopher R had bought 1,000 shares worth $21,350.
More notable recent Bankwell Financial Group Inc (NASDAQ:BWFG) news were published by: Blogs.Wsj.com which released: “CFO Moves: Bankwell Financial Group, Yellow Pages” on November 11, 2016, also Businesswire.com with their article: “Bankwell Financial Group, Inc. Reports the Planned Retirement of Its Chief …” published on June 14, 2016, Nasdaq.com published: “Bankwell Financial Group, Inc. (BWFG) Ex-Dividend Date Scheduled for November …” on November 15, 2016. More interesting news about Bankwell Financial Group Inc (NASDAQ:BWFG) were released by: Businesswire.com and their article: “Bankwell Financial Group, Inc. to Acquire Quinnipiac Bank & Trust Company” published on April 01, 2014 as well as Finance.Yahoo.com‘s news article titled: “Ivanov Appointed Executive Vice President and Chief Financial Officer at …” with publication date: November 10, 2016.
BWFG Company Profile
Bankwell Financial Group, Inc., incorporated on January 11, 2007, is a bank holding company. The Firm 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, with branch locations in New Canaan, Stamford, Fairfield, Wilton, Norwalk, Hamden and North Haven Connecticut.
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