Bankwell Financial Group (NASDAQ:BWFG) Stock Passes Below 200 Day Moving Average – What’s Next?

Bankwell Financial Group, Inc. (NASDAQ:BWFG) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $30.51 and traded as low as $29.82. Bankwell Financial Group shares last traded at $30.05, with a volume of 10,553 shares.

Analysts Set New Price Targets

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

Bankwell Financial Group Trading Down 0.1 %

The firm’s 50 day moving average is $30.60 and its 200 day moving average is $30.51. 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 company has a market cap of $236.16 million, a PE ratio of 25.47 and a beta of 0.95.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. Bankwell Financial Group’s payout ratio is currently 67.80%.

Insider Transactions at Bankwell Financial Group

In related news, Director Darryl Demos bought 2,290 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 8,156 shares of the company’s stock, valued at approximately $265,967.16. The trade was a 39.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven H. Brunner sold 1,330 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $32.98, for a total value of $43,863.40. Following the sale, the executive vice president now owns 3,002 shares in the company, valued at $99,005.96. The trade was a 30.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 4,636 shares of company stock valued at $146,824 and sold 7,023 shares valued at $224,682. 19.20% of the stock is owned by insiders.

Institutional Trading of Bankwell Financial Group

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in Bankwell Financial Group by 655.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,357 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of 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 purchasing an additional 715 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Bankwell Financial Group during the 4th quarter valued at $104,000. Mackenzie Financial Corp purchased a new position in Bankwell Financial Group in the 4th quarter worth $281,000. Finally, JPMorgan Chase & Co. lifted its stake in Bankwell Financial Group by 164.5% in the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after purchasing an additional 7,238 shares during the last quarter. Institutional investors own 35.80% of the company’s stock.

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.