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Bankwell Financial Group (NASDAQ:BWFG) was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. They currently have a $19.00 price target on the stock, down from their previous price target of $21.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 7.41% from the stock’s previous close.

Bankwell Financial Group (NASDAQ:BWFG) traded up 4.29% during mid-day trading on Friday, hitting $18.22. The stock had a trading volume of 74,832 shares. Bankwell Financial Group has a 1-year low of $15.91 and a 1-year high of $23.00. The stock has a 50-day moving average of $17.03 and a 200-day moving average of $19.50. The company has a market cap of $92.9 million and a P/E ratio of 14.45.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Thursday, July 31st. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.06. Analysts expect that Bankwell Financial Group will post $0.90 EPS for the current fiscal year.

Separately, analysts at Sandler O’Neill initiated coverage on shares of Bankwell Financial Group in a research note on Monday, June 9th. They set a “buy” rating on the stock.

Bankwell Financial Group Inc, formerly BNC Financial Group, Inc, is a federally-chartered bank holding company located in New Canaan, Connecticut.

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