Insider Buying: Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Purchases 2,290 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Darryl Demos acquired 2,290 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $32.61 per share, with a total value of $74,676.90. Following the acquisition, the director now directly owns 8,156 shares of the company’s stock, valued at $265,967.16. This represents a 39.04 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bankwell Financial Group Trading Down 6.0 %

NASDAQ BWFG opened at $30.53 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $31.23 and its two-hundred day simple moving average is $28.40. Bankwell Financial Group, Inc. has a twelve month low of $22.47 and a twelve month high of $35.25. The company has a market capitalization of $239.94 million, a price-to-earnings ratio of 15.66 and a beta of 0.86.

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

Bankwell Financial Group Announces Dividend

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

Institutional Trading of Bankwell Financial Group

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC grew its stake 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 buying an additional 6,710 shares during the last quarter. Geode Capital Management LLC lifted its position in 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. State Street Corp boosted its stake in shares of Bankwell Financial Group by 0.6% during the third quarter. State Street Corp now owns 78,017 shares of the bank’s stock valued at $2,337,000 after purchasing an additional 500 shares during the period. Fourthstone LLC bought a new position in shares of Bankwell Financial Group in the third quarter worth approximately $776,000. Finally, BNP Paribas Financial Markets increased its stake 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 worth $57,000 after buying an additional 715 shares during the period. 35.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted 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.