Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells $67,456.62 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 2,198 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $30.69, for a total transaction of $67,456.62. Following the sale, the executive vice president now owns 604 shares of the company’s stock, valued at approximately $18,536.76. This represents a 78.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Bankwell Financial Group Price Performance

Shares of NASDAQ:BWFG opened at $32.66 on Friday. The firm’s 50 day moving average price is $31.12 and its 200-day moving average price is $29.83. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $256.71 million, a PE ratio of 27.68 and a beta of 0.87. Bankwell Financial Group, Inc. has a twelve month low of $22.47 and a twelve month high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%.

Bankwell Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.45%. The ex-dividend date is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio is presently 67.80%.

Institutional Trading of Bankwell Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted its stake in shares of Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after buying an additional 6,710 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bankwell Financial Group by 164.5% in the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock valued at $349,000 after acquiring an additional 7,238 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Bankwell Financial Group in the fourth quarter worth about $624,000. Geode Capital Management LLC grew its position in shares of Bankwell Financial Group by 3.8% during the third quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock worth $4,413,000 after purchasing an additional 5,438 shares in the last quarter. Finally, State Street Corp raised its stake in Bankwell Financial Group by 0.6% during the 3rd quarter. State Street Corp now owns 78,017 shares of the bank’s stock valued at $2,337,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price objective on Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

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.