Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells $43,863.40 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 1,330 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $32.98, for a total transaction of $43,863.40. Following the transaction, the executive vice president now owns 3,002 shares of the company’s stock, valued at approximately $99,005.96. This represents a 30.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bankwell Financial Group Stock Performance

NASDAQ:BWFG opened at $30.61 on Friday. The stock has a fifty day moving average price of $31.25 and a 200-day moving average price of $28.42. The company has a market cap of $240.56 million, a price-to-earnings ratio of 15.70 and a beta of 0.86. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $35.25.

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

Bankwell Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Friday, November 8th. Bankwell Financial Group’s dividend payout ratio is currently 41.03%.

Institutional Investors Weigh In On Bankwell Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings 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 valued at $724,000 after acquiring an additional 1,676 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Bankwell Financial Group by 42.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock valued at $124,000 after purchasing an additional 1,449 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bankwell Financial Group by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock worth $7,100,000 after buying an additional 755 shares during the period. GM Advisory Group LLC raised its stake in Bankwell Financial Group by 7.7% during the second quarter. GM Advisory Group LLC now owns 89,154 shares of the bank’s stock worth $2,262,000 after buying an additional 6,341 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Bankwell Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after buying an additional 938 shares during the period. Institutional investors and hedge funds own 35.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the stock 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.