Is Bankwell Financial Group, Inc. overvalued or undervalued?

As of 3 October 2025, the valuation grade for Bankwell Financial Group, Inc. moved from expensive to fair. Based on the current metrics, the company appears fairly valued. The P/E ratio stands at 23, while the Price to Book Value is 1.02, and the EV to EBITDA is 4.58. In comparison, peers such as Bank7 Corp. have a P/E of 10.50, and USCB Financial Holdings, Inc. has a P/E of 11.68, indicating that Bankwell is priced higher than some of its competitors.
Despite the recent stock performance showing a decline of 5.05% over the past week compared to a 1.09% gain in the S&P 500, the year-to-date return of 39.55% significantly outpaces the S&P's 14.18%. This suggests that while Bankwell may be fairly valued based on current ratios, its recent performance has been volatile relative to the broader market.