Lawrence B. Seidman Buys 550 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Lawrence B. Seidman purchased 550 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were purchased at an average cost of $35.67 per share, for a total transaction of $19,618.50. Following the transaction, the director now directly owns 3,327 shares in the company, valued at approximately $118,674.09. This represents a 19.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Bankwell Financial Group Stock Down 0.2%

NASDAQ BWFG traded down $0.08 during midday trading on Monday, hitting $35.59. 3,545 shares of the company traded hands, compared to its average volume of 13,803. Bankwell Financial Group, Inc. has a 52 week low of $22.80 and a 52 week high of $36.00. The company’s 50-day simple moving average is $32.46 and its 200-day simple moving average is $31.50. The company has a market cap of $280.16 million, a PE ratio of 30.16 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.14. The company had revenue of $23.57 million for the quarter, compared to the consensus estimate of $22.63 million. Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%.

Bankwell Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Friday, May 9th were given a dividend of $0.20 per share. The ex-dividend date was Friday, May 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.25%. Bankwell Financial Group’s payout ratio is 50.96%.

Institutional Investors Weigh In On Bankwell Financial Group

Several institutional investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Bankwell Financial Group during the 1st quarter valued at $148,000. Acadian Asset Management LLC boosted its holdings in Bankwell Financial Group by 2.8% in the first quarter. Acadian Asset Management LLC now owns 88,343 shares of the bank’s stock worth $2,664,000 after acquiring an additional 2,368 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Bankwell Financial Group during the first quarter worth about $250,000. Empowered Funds LLC grew its stake 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 worth $642,000 after acquiring an additional 702 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Bankwell Financial Group during the first quarter valued at about $204,000. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWFG has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Bankwell Financial Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Wall Street Zen cut shares of Bankwell Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.