Eric J. Dale Acquires 339 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Eric J. Dale acquired 339 shares of Bankwell Financial Group stock in a transaction on Friday, December 6th. The stock was purchased at an average price of $32.90 per share, with a total value of $11,153.10. Following the purchase, the director now owns 37,461 shares of the company’s stock, valued at $1,232,466.90. The trade was a 0.91 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bankwell Financial Group Price Performance

Shares of NASDAQ:BWFG opened at $32.63 on Wednesday. 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 company has a 50-day moving average price of $30.85 and a 200 day moving average price of $28.09. Bankwell Financial Group, Inc. has a 52 week low of $22.47 and a 52 week high of $35.25. The company has a market cap of $256.47 million, a P/E ratio of 16.73 and a beta of 0.86.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.32. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%. The firm had revenue of $49.35 million during the quarter.

Bankwell Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, November 8th. Bankwell Financial Group’s payout ratio is currently 41.03%.

Institutional Trading of Bankwell Financial Group

Several large investors have recently bought and sold shares of BWFG. BNP Paribas Financial Markets grew its stake in Bankwell Financial Group by 60.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after acquiring an additional 715 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Bankwell Financial Group by 42.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock worth $124,000 after purchasing an additional 1,449 shares in the last quarter. Empowered Funds LLC raised its position in shares of Bankwell Financial Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock worth $588,000 after purchasing an additional 938 shares during the last quarter. Barclays PLC lifted its stake in Bankwell Financial Group by 47.7% in 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. Finally, Bank of New York Mellon Corp increased its position in Bankwell Financial Group by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock worth $724,000 after buying an additional 1,676 shares in the last quarter. Institutional investors and hedge funds own 35.80% of the company’s stock.

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 company an “outperform” rating in a report on Wednesday, December 4th.

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.