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

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Matt Mcneill sold 1,908 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.43, for a total value of $61,876.44. Following the sale, the insider now owns 40,353 shares of the company’s stock, valued at approximately $1,308,647.79. This represents a 4.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Bankwell Financial Group Stock Down 0.1 %

Shares of BWFG stock opened at $31.56 on Tuesday. Bankwell Financial Group, Inc. has a twelve month low of $22.47 and a twelve month high of $35.25. The stock has a market cap of $248.03 million, a P/E ratio of 26.75 and a beta of 0.87. The stock has a 50 day moving average of $31.07 and a 200 day moving average of $29.95. 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 (NASDAQ:BWFG) last announced 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 Dividend Announcement

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 given a $0.20 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.53%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 67.80%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BWFG. State Street Corp grew its stake in Bankwell Financial Group by 0.6% during 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 in the last quarter. GM Advisory Group LLC boosted its holdings in shares of Bankwell Financial Group by 0.7% during the 3rd 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 last quarter. BNP Paribas Financial Markets grew its position in shares of Bankwell Financial Group by 60.9% in the third 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. Empowered Funds LLC increased its holdings in shares of Bankwell Financial Group by 4.7% in the fourth quarter. Empowered Funds LLC now owns 20,560 shares of the bank’s stock valued at $640,000 after purchasing an additional 918 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Bankwell Financial Group by 3.8% in the third quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock valued at $4,413,000 after purchasing an additional 5,438 shares during the last quarter. 35.80% of the stock is owned by institutional investors and hedge funds.

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.