Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Sells $14,533.70 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Courtney E. Sacchetti sold 445 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.66, for a total transaction of $14,533.70. Following the transaction, the chief financial officer now owns 2,043 shares of the company’s stock, valued at $66,724.38. This represents a 17.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Bankwell Financial Group Stock Down 0.1 %

BWFG opened at $31.56 on Tuesday. The stock’s 50 day moving average price is $31.07 and its 200 day moving average price is $29.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $248.03 million, a P/E ratio of 26.75 and a beta of 0.87. Bankwell Financial Group, Inc. has a 12 month low of $22.47 and a 12 month high of $35.25.

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

Bankwell Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio is currently 67.80%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

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

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.