Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells 2,198 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 2,198 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $30.69, for a total value of $67,456.62. Following the transaction, the executive vice president now directly owns 604 shares in the company, valued at approximately $18,536.76. This represents a 78.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bankwell Financial Group Trading Up 1.1 %

Bankwell Financial Group stock opened at $31.51 on Wednesday. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $35.25. The firm’s 50-day moving average is $31.16 and its 200-day moving average is $29.82. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $247.67 million, a P/E ratio of 26.70 and a beta of 0.87.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data 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 Dividend Announcement

The business 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. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is 67.80%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWFG. Dimensional Fund Advisors LP increased its stake in shares of Bankwell Financial Group by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock valued at $7,100,000 after purchasing an additional 755 shares during the period. Geode Capital Management LLC boosted its position in shares of Bankwell Financial Group by 3.8% during the third quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock worth $4,413,000 after buying an additional 5,438 shares during the period. GM Advisory Group LLC grew its holdings in Bankwell Financial Group by 0.7% in the 3rd quarter. GM Advisory Group LLC now owns 89,807 shares of the bank’s stock worth $2,690,000 after buying an additional 653 shares in the last quarter. State Street Corp increased its position in Bankwell Financial Group by 0.6% in the 3rd quarter. State Street Corp now owns 78,017 shares of the bank’s stock valued at $2,337,000 after acquiring an additional 500 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Bankwell Financial Group by 35.4% in the 4th quarter. Bank of New York Mellon Corp now owns 30,262 shares of the bank’s stock valued at $943,000 after acquiring an additional 7,908 shares during the period. Institutional investors and hedge funds 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.