Bankwell Financial Group, Inc. (NASDAQ:BWFG – Get Free Report) Director Eric Dale acquired 588 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $53.70 per share, for a total transaction of $31,575.60. Following the completion of the transaction, the director directly owned 42,496 shares of the company’s stock, valued at $2,282,035.20. This trade represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Bankwell Financial Group Stock Up 1.8%
Shares of Bankwell Financial Group stock traded up $0.97 during trading hours on Tuesday, hitting $54.97. 5,166 shares of the company’s stock traded hands, compared to its average volume of 36,974. The stock has a 50 day simple moving average of $51.55 and a 200-day simple moving average of $48.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The company has a market cap of $438.11 million, a PE ratio of 11.04 and a beta of 0.62. Bankwell Financial Group, Inc. has a twelve month low of $33.85 and a twelve month high of $55.68.
Bankwell Financial Group (NASDAQ:BWFG – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.18. The company had revenue of $30.23 million during the quarter, compared to the consensus estimate of $30.47 million. Bankwell Financial Group had a return on equity of 13.31% and a net margin of 18.71%. Equities research analysts anticipate that Bankwell Financial Group, Inc. will post 5.35 earnings per share for the current fiscal year.
Bankwell Financial Group Announces Dividend
Wall Street Analyst Weigh In
A number of brokerages have commented on BWFG. Wall Street Zen downgraded Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings upgraded Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.00.
Check Out Our Latest Research Report on Bankwell Financial Group
Institutional Investors Weigh In On Bankwell Financial Group
A number of hedge funds have recently made changes to their positions in BWFG. Empowered Funds LLC raised its holdings in shares of Bankwell Financial Group by 3.4% during the first quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock valued at $642,000 after buying an additional 702 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Bankwell Financial Group during the first quarter valued at approximately $250,000. Strs Ohio bought a new stake in shares of Bankwell Financial Group during the first quarter valued at approximately $148,000. Geode Capital Management LLC raised its holdings in shares of Bankwell Financial Group by 5.4% during the second quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock valued at $5,744,000 after buying an additional 8,178 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Bankwell Financial Group by 15.2% during the second quarter. Rhumbline Advisers now owns 10,119 shares of the bank’s stock valued at $365,000 after buying an additional 1,335 shares during the last quarter. Institutional investors own 35.80% of the company’s stock.
Bankwell Financial Group Company Profile
Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.
The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.
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