Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Kevin D. Leitao Acquires 2,500 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Kevin D. Leitao bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were purchased at an average price of $26.83 per share, for a total transaction of $67,075.00. Following the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $67,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bankwell Financial Group Stock Down 0.1 %

Shares of BWFG opened at $28.15 on Thursday. The firm has a market cap of $222.39 million, a PE ratio of 7.33 and a beta of 0.83. The company’s fifty day moving average is $24.91 and its two-hundred day moving average is $25.28. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $30.83. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.59.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $48.36 million for the quarter. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.78%.

Bankwell Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 20.83%.

Institutional Trading of Bankwell Financial Group

A number of institutional investors have recently added to or reduced their stakes in BWFG. GM Advisory Group LLC purchased a new stake in Bankwell Financial Group during the 4th quarter worth $2,480,000. Pacific Ridge Capital Partners LLC boosted its position in Bankwell Financial Group by 28.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 134,940 shares of the bank’s stock worth $4,072,000 after purchasing an additional 29,616 shares during the period. Carl P. Sherr & Co. LLC purchased a new stake in Bankwell Financial Group during the 4th quarter worth $241,000. AJOVista LLC purchased a new stake in Bankwell Financial Group during the 4th quarter worth $67,000. Finally, Vanguard Group Inc. boosted its position in Bankwell Financial Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock worth $8,541,000 after purchasing an additional 1,933 shares during the period. 35.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Bankwell Financial Group from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Tuesday.

About Bankwell Financial Group

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.