Bankwell Financial Group (NASDAQ:BWFG) Director Acquires $16,915.50 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFGGet Free Report) Director Jeffrey Dunne purchased 315 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $53.70 per share, with a total value of $16,915.50. Following the completion of the acquisition, the director owned 6,120 shares of the company’s stock, valued at $328,644. This trade represents a 5.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bankwell Financial Group Stock Performance

BWFG stock opened at $55.15 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $439.55 million, a P/E ratio of 11.07 and a beta of 0.62. The firm has a 50 day simple moving average of $51.99 and a 200 day simple moving average of $49.19. Bankwell Financial Group, Inc. has a 52 week low of $33.85 and a 52 week high of $56.40.

Bankwell Financial Group (NASDAQ:BWFGGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.23 by $0.18. The business had revenue of $30.23 million during the quarter, compared to analysts’ expectations of $30.47 million. Bankwell Financial Group had a net margin of 18.71% and a return on equity of 13.31%. Research analysts anticipate that Bankwell Financial Group, Inc. will post 5.35 earnings per share for the current fiscal year.

Bankwell Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Friday, May 8th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 8th. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 16.06%.

Analysts Set New Price Targets

Several analysts recently commented on BWFG shares. Weiss Ratings upgraded shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Wall Street Zen cut shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Bankwell Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Read Our Latest Stock Report on Bankwell Financial Group

Institutional Trading of Bankwell Financial Group

A number of institutional investors have recently added to or reduced their stakes in BWFG. Russell Investments Group Ltd. lifted its stake in Bankwell Financial Group by 585.0% in the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after acquiring an additional 585 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Bankwell Financial Group by 38.8% in the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after acquiring an additional 314 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Bankwell Financial Group in the second quarter valued at approximately $63,000. Tower Research Capital LLC TRC lifted its stake in Bankwell Financial Group by 523.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock valued at $72,000 after acquiring an additional 1,675 shares during the last quarter. Finally, Assetmark Inc. acquired a new stake in Bankwell Financial Group in the first quarter valued at approximately $146,000. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Bankwell Financial Group Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Bankwell Financial Group (NASDAQ:BWFG)

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