Matt Mcneill Sells 1,908 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Matt Mcneill sold 1,908 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.43, for a total transaction of $61,876.44. Following the completion of the transaction, the insider now owns 40,353 shares of the company’s stock, valued at approximately $1,308,647.79. The trade was a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bankwell Financial Group Stock Down 1.5 %

BWFG stock opened at $30.99 on Thursday. The business has a 50 day moving average of $30.98 and a 200 day moving average of $30.02. The firm has a market cap of $243.58 million, a PE ratio of 26.26 and a beta of 0.87. Bankwell Financial Group, Inc. has a twelve month low of $22.47 and a twelve month 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.

Bankwell Financial Group (NASDAQ:BWFG) last issued 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 net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. Bankwell Financial Group’s dividend payout ratio is presently 67.80%.

Institutional Investors Weigh In On Bankwell Financial Group

A number of institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Bankwell Financial Group by 60.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock worth $57,000 after acquiring an additional 715 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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. Empowered Funds LLC lifted its holdings in shares of Bankwell Financial Group by 5.0% during the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after purchasing an additional 938 shares in the last quarter. Barclays PLC lifted its holdings in shares of Bankwell Financial Group by 47.7% during the third 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 fourth quarter valued at $624,000. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the company 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.