Steven H. Brunner Sells 2,198 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) 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 value of $67,456.62. Following the completion of the sale, the executive vice president now owns 604 shares in the company, valued at $18,536.76. This represents a 78.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Bankwell Financial Group Price Performance

Shares of BWFG opened at $31.61 on Thursday. The company has a market cap of $248.45 million, a P/E ratio of 26.79 and a beta of 0.87. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. 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 firm’s 50 day moving average price is $31.12 and its 200 day moving average price is $29.83.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 EPS 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. The ex-dividend date is Tuesday, February 11th. This represents a $0.80 annualized dividend and a yield of 2.53%. Bankwell Financial Group’s dividend payout ratio (DPR) is 67.80%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Bankwell Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its stake in shares of Bankwell Financial Group by 60.9% during the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock worth $57,000 after buying an additional 715 shares during the period. JPMorgan Chase & Co. grew its holdings in Bankwell Financial Group by 164.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after acquiring an additional 7,238 shares in the last quarter. Empowered Funds LLC increased its position in shares of Bankwell Financial Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after purchasing an additional 938 shares during the last quarter. Barclays PLC raised its holdings in shares of 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 purchasing an additional 6,710 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in shares of Bankwell Financial Group during the 4th quarter worth $624,000. Hedge funds and other institutional investors own 35.80% of the company’s stock.

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.