Insider Buying: Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Acquires 2,500 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Kevin D. Leitao acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were bought at an average price of $26.83 per share, with a total value of $67,075.00. Following the completion of the transaction, the director now directly owns 2,500 shares in the company, valued at $67,075. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Bankwell Financial Group Trading Up 5.7 %

Shares of NASDAQ BWFG traded up $1.52 during trading on Wednesday, hitting $28.19. 11,648 shares of the company traded hands, compared to its average volume of 17,349. The company has a 50-day moving average price of $24.83 and a 200-day moving average price of $25.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.59. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $30.83. The firm has a market capitalization of $222.70 million, a P/E ratio of 7.34 and a beta of 0.83.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $48.36 million for the quarter. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.78%.

Bankwell Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, August 12th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 20.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. AJOVista LLC bought a new stake in Bankwell Financial Group during the fourth quarter worth approximately $67,000. BNP Paribas Financial Markets lifted its position in shares of Bankwell Financial Group by 119.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank’s stock valued at $75,000 after acquiring an additional 1,582 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Bankwell Financial Group by 42.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock worth $124,000 after purchasing an additional 1,449 shares during the period. Carl P. Sherr & Co. LLC acquired a new position in Bankwell Financial Group in the 4th quarter worth approximately $241,000. Finally, Bridge City Capital LLC boosted its stake in Bankwell Financial Group by 17.9% in the 1st quarter. Bridge City Capital LLC now owns 11,718 shares of the bank’s stock worth $304,000 after purchasing an additional 1,780 shares during the period. 35.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Bankwell Financial Group from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Tuesday.

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.