Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Sells $14,533.70 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Courtney E. Sacchetti sold 445 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.66, for a total value of $14,533.70. Following the sale, the chief financial officer now owns 2,043 shares in the company, valued at approximately $66,724.38. The trade was a 17.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bankwell Financial Group Price Performance

Shares of BWFG opened at $30.99 on Thursday. The company has a market capitalization of $243.58 million, a price-to-earnings ratio of 26.26 and a beta of 0.87. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day moving average is $30.98 and its 200-day moving average is $30.02.

Bankwell Financial Group (NASDAQ:BWFG) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.58%. Bankwell Financial Group’s dividend payout ratio is 67.80%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Bankwell Financial Group

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Bankwell Financial Group by 60.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after buying an additional 715 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Bankwell Financial Group by 164.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock valued at $349,000 after buying an additional 7,238 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Bankwell Financial Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after buying an additional 938 shares in the last quarter. Barclays PLC grew its stake in shares of Bankwell Financial Group by 47.7% in the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after buying an additional 6,710 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in Bankwell Financial Group during the fourth quarter worth approximately $624,000. Institutional investors own 35.80% of the company’s stock.

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.