Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells $33,888.60 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 1,405 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $24.12, for a total transaction of $33,888.60. Following the completion of the sale, the executive vice president now directly owns 2,621 shares in the company, valued at approximately $63,218.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bankwell Financial Group Price Performance

Shares of NASDAQ:BWFG opened at $24.27 on Friday. The company has a 50 day moving average of $24.50 and a 200 day moving average of $26.37. The stock has a market cap of $191.73 million, a P/E ratio of 6.32 and a beta of 0.80. Bankwell Financial Group, Inc. has a 12 month low of $22.47 and a 12 month high of $30.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.59.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.48 EPS for the quarter. The company had revenue of $22.06 million during the quarter. Bankwell Financial Group had a net margin of 15.28% and a return on equity of 11.55%.

Bankwell Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Friday, May 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.80 annualized dividend and a yield of 3.30%. Bankwell Financial Group’s dividend payout ratio is currently 20.83%.

Hedge Funds Weigh In On Bankwell Financial Group

Hedge funds have recently bought and sold shares of the company. Barclays PLC grew its stake in Bankwell Financial Group by 16.1% during the third quarter. Barclays PLC now owns 9,685 shares of the bank’s stock valued at $235,000 after acquiring an additional 1,344 shares in the last quarter. AJOVista LLC purchased a new position in Bankwell Financial Group in the 4th quarter worth approximately $67,000. Kennedy Capital Management LLC purchased a new position in Bankwell Financial Group in the 3rd quarter worth approximately $365,000. Carl P. Sherr & Co. LLC purchased a new position in Bankwell Financial Group in the 4th quarter worth approximately $241,000. Finally, LSV Asset Management grew its stake in Bankwell Financial Group by 9.6% in the 3rd quarter. LSV Asset Management now owns 131,946 shares of the bank’s stock worth $3,202,000 after buying an additional 11,592 shares in the last quarter. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered their price target on shares of Bankwell Financial Group from $35.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 30th.

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.