Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells 454 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 454 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $28.98, for a total value of $13,156.92. Following the transaction, the executive vice president now owns 2,355 shares of the company’s stock, valued at approximately $68,247.90. The trade was a 16.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Bankwell Financial Group Stock Up 2.2 %

Shares of BWFG stock opened at $30.04 on Thursday. The firm’s fifty day moving average price is $30.45 and its two-hundred day moving average price is $30.60. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $35.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $237.53 million, a P/E ratio of 25.46 and a beta of 0.95.

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

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

Hedge Funds Weigh In On Bankwell Financial Group

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew 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 acquiring an additional 938 shares during the period. GM Advisory Group LLC grew its holdings in Bankwell Financial Group by 0.7% during the third quarter. GM Advisory Group LLC now owns 89,807 shares of the bank’s stock worth $2,690,000 after purchasing an additional 653 shares during the period. BNP Paribas Financial Markets grew its holdings in 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 purchasing an additional 715 shares during the period. Fourthstone LLC bought a new stake in Bankwell Financial Group in the third quarter valued at approximately $776,000. Finally, State Street Corp raised its stake in Bankwell Financial Group by 0.6% in the third quarter. State Street Corp now owns 78,017 shares of the bank’s stock valued at $2,337,000 after buying an additional 500 shares during the period. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised 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.

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.