Darryl Demos Buys 2,290 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Darryl Demos bought 2,290 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $32.61 per share, for a total transaction of $74,676.90. Following the acquisition, the director now directly owns 8,156 shares of the company’s stock, valued at approximately $265,967.16. This represents a 39.04 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bankwell Financial Group Trading Down 0.9 %

Shares of Bankwell Financial Group stock traded down $0.29 on Tuesday, reaching $32.83. The company had a trading volume of 3,013 shares, compared to its average volume of 13,714. The firm has a market cap of $258.01 million, a price-to-earnings ratio of 16.76 and a beta of 0.86. 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 firm’s 50-day moving average price is $31.16 and its two-hundred day moving average price is $28.33. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $49.35 million during the quarter.

Bankwell Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Friday, November 8th. Bankwell Financial Group’s payout ratio is currently 41.03%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Bankwell Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Fourthstone LLC bought a new position in Bankwell Financial Group during the 3rd quarter worth about $776,000. Barclays PLC boosted its stake in shares of Bankwell Financial Group by 47.7% during the third quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after purchasing an additional 6,710 shares in the last quarter. GM Advisory Group LLC boosted its stake in shares of Bankwell Financial Group by 7.7% during the second quarter. GM Advisory Group LLC now owns 89,154 shares of the bank’s stock valued at $2,262,000 after purchasing an additional 6,341 shares in the last quarter. Geode Capital Management LLC increased its holdings in Bankwell Financial Group by 3.8% during the third quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock valued at $4,413,000 after buying an additional 5,438 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Bankwell Financial Group by 6.2% in 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. 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.