Insider Buying: Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Buys 2,000 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Kevin D. Leitao purchased 2,000 shares of the stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $30.38 per share, with a total value of $60,760.00. Following the transaction, the director now owns 4,500 shares in the company, valued at $136,710. The trade was a 80.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bankwell Financial Group Trading Up 1.3 %

Shares of NASDAQ:BWFG opened at $31.65 on Friday. The stock has a 50 day moving average of $31.32 and a 200 day moving average of $29.64. The company has a market cap of $248.77 million, a PE ratio of 26.82 and a beta of 0.88. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. 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 posted 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 return on equity of 3.48% and a net margin of 4.76%.

Bankwell Financial Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted 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 Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BWFG. Fourthstone LLC purchased a new position in Bankwell Financial Group in the 3rd quarter worth approximately $776,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Bankwell Financial Group during the 4th quarter worth approximately $624,000. JPMorgan Chase & Co. raised its holdings in shares of 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. Barclays PLC raised its holdings in shares of Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after acquiring an additional 6,710 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Bankwell Financial Group by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock worth $4,413,000 after acquiring an additional 5,438 shares in the last quarter. 35.80% of the stock is owned by hedge funds and other institutional investors.

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.