Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells 454 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 454 shares of Bankwell Financial Group stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $28.98, for a total transaction of $13,156.92. Following the completion of the sale, the executive vice president now directly owns 2,355 shares in the company, valued at approximately $68,247.90. The trade was a 16.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bankwell Financial Group Price Performance

Shares of NASDAQ BWFG traded up $0.29 on Monday, hitting $29.62. The company’s stock had a trading volume of 8,095 shares, compared to its average volume of 13,748. Bankwell Financial Group, Inc. has a 12-month low of $22.47 and a 12-month high of $35.25. The company has a market capitalization of $234.21 million, a price-to-earnings ratio of 25.10 and a beta of 0.95. 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 stock has a 50 day moving average of $30.41 and a 200-day moving average of $30.62.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is 67.80%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of 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

Several institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in shares of Bankwell Financial Group by 655.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,357 shares during the period. BNP Paribas Financial Markets boosted its stake in Bankwell Financial Group by 60.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after acquiring an additional 715 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Bankwell Financial Group during the fourth quarter worth $104,000. Mackenzie Financial Corp acquired a new stake in shares of Bankwell Financial Group during the fourth quarter worth $281,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Bankwell Financial Group by 164.5% during 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 period. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

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.