Is Bankwell Financial Group, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Bankwell Financial Group, Inc. moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 23, a Price to Book Value of 1.02, and an EV to EBITDA of 4.58. In comparison to peers, Bank7 Corp. has a more attractive P/E of 10.50, while USCB Financial Holdings, Inc. is fairly valued with a P/E of 11.68.
Despite recent stock performance showing a 31.08% return year-to-date compared to the S&P 500's 13.30%, the 3-year return of 38.36% versus the S&P's 81.19% suggests that while the stock has performed well, it has underperformed the broader market over the longer term.