What’s in Bankwell Financial Group, Inc. (BWFG) After Forming Wedge Down Chart Pattern?

July 13, 2018 - By Richard Doty

Investors sentiment decreased to 1.2 in Q1 2018. Its down 0.99, from 2.19 in 2017Q4. It fall, as 7 investors sold Bankwell Financial Group, Inc. shares while 13 reduced holdings. 4 funds opened positions while 20 raised stakes. 3.63 million shares or 1.05% more from 3.60 million shares in 2017Q4 were reported.
Comml Bank Of America De owns 577 shares for 0% of their portfolio. California State Teachers Retirement Systems holds 0% or 9,139 shares. 527,432 were reported by Banc Funds Lc. Invesco has 0% invested in Bankwell Financial Group, Inc. (NASDAQ:BWFG). Employees Retirement Sys Of Ohio accumulated 0% or 9,725 shares. Citigroup Inc holds 0% or 7,726 shares. 446 were reported by Ameritas Prns. Group has invested 0% in Bankwell Financial Group, Inc. (NASDAQ:BWFG). Renaissance Technology Limited Liability Co reported 0.01% in Bankwell Financial Group, Inc. (NASDAQ:BWFG). Moreover, Wasatch Advsrs has 0.04% invested in Bankwell Financial Group, Inc. (NASDAQ:BWFG) for 93,783 shares. Lsv Asset Mgmt holds 4,124 shares. Northern Tru Corporation holds 69,400 shares. Endicott Co has 13.41% invested in Bankwell Financial Group, Inc. (NASDAQ:BWFG). Bowling Ltd Limited Liability Company invested in 0.17% or 39,557 shares. Morgan Stanley reported 21,719 shares.

Since February 15, 2018, it had 5 insider buys, and 0 selling transactions for $335,714 activity. Shares for $12,275 were bought by Lampert Todd on Friday, May 11. The insider Ivanov Penko Krassimir bought 165 shares worth $5,420.

The stock of Bankwell Financial Group, Inc. (BWFG) formed a down wedge with $29.77 target or 9.00 % below today’s $32.71 share price. The 6 months wedge indicates high risk for the $252.44M company. If the $29.77 price target is reached, the company will be worth $22.72 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.65% or $0.2107 during the last trading session, reaching $32.7107. About 837 shares traded. Bankwell Financial Group, Inc. (NASDAQ:BWFG) has declined 7.99% since July 13, 2017 and is downtrending. It has underperformed by 20.56% the S&P500.

Analysts await Bankwell Financial Group, Inc. (NASDAQ:BWFG) to report earnings on July, 25. They expect $0.58 EPS, up 18.37 % or $0.09 from last year’s $0.49 per share. BWFG’s profit will be $4.48M for 14.10 P/E if the $0.58 EPS becomes a reality. After $0.59 actual EPS reported by Bankwell Financial Group, Inc. for the previous quarter, Wall Street now forecasts -1.69 % negative EPS growth.

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Ratings Coverage

Among 4 analysts covering Bankwell Financial Group (NASDAQ:BWFG), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Bankwell Financial Group had 5 analyst reports since February 26, 2018 according to SRatingsIntel. The stock of Bankwell Financial Group, Inc. (NASDAQ:BWFG) has “Market Perform” rating given on Tuesday, May 8 by Wood. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, May 7. The firm earned “Hold” rating on Friday, June 8 by Piper Jaffray. The company was maintained on Monday, February 26 by Keefe Bruyette & Woods.

Bankwell Financial Group, Inc. operates as the bank holding firm for Bankwell Bank that provides a range of banking services to commercial and consumer clients in Connecticut. The company has market cap of $252.44 million. It accepts checking, savings, and money market accounts; and demand and NOW deposits, as well as certificates of deposit. It has a 17.3 P/E ratio. The firm also provides commercial lending products, including residential real estate loans, owner-occupied commercial real estate loans, commercial real estate investment loans, business term loans, equipment financing, and lines of credit to small and mid-sized businesses, as well as real estate construction and development loans; and consumer loans, such as loans secured by savings or certificate accounts, or automobiles, as well as unsecured personal loans and overdraft lines of credit.

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Ratings Chart

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