Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner Sells 1,330 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 1,330 shares of Bankwell Financial Group stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.98, for a total transaction of $43,863.40. Following the transaction, the executive vice president now owns 3,002 shares in the company, valued at approximately $99,005.96. This trade represents a 30.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Bankwell Financial Group Stock Performance

BWFG stock opened at $30.53 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group, Inc. has a 1-year low of $22.47 and a 1-year high of $35.25. The business has a 50-day moving average price of $31.23 and a 200 day moving average price of $28.40. The company has a market capitalization of $239.94 million, a P/E ratio of 15.66 and a beta of 0.86.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.32. Bankwell Financial Group had a net margin of 7.77% and a return on equity of 5.74%. The business had revenue of $49.35 million during the quarter.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. Bankwell Financial Group’s payout ratio is 41.03%.

Institutional Investors Weigh In On Bankwell Financial Group

Institutional investors have recently added to or reduced their stakes in the stock. Fourthstone LLC acquired a new stake in shares of Bankwell Financial Group in the third quarter worth approximately $776,000. Barclays PLC increased its holdings in shares of Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after buying an additional 6,710 shares during the last quarter. GM Advisory Group LLC raised its position in Bankwell Financial Group by 7.7% in the second quarter. GM Advisory Group LLC now owns 89,154 shares of the bank’s stock valued at $2,262,000 after purchasing an additional 6,341 shares during the period. Geode Capital Management LLC raised its holdings in Bankwell Financial Group by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock valued at $4,413,000 after buying an additional 5,438 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Bankwell Financial Group by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock worth $724,000 after acquiring an additional 1,676 shares during the last quarter. Institutional investors and hedge funds own 35.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price target 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.

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.