Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Buys $60,760.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Kevin D. Leitao acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price of $30.38 per share, with a total value of $60,760.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at $136,710. The trade was a 80.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bankwell Financial Group Price Performance

BWFG opened at $31.65 on Friday. 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 company has a market capitalization of $248.77 million, a price-to-earnings ratio of 26.82 and a beta of 0.88. The firm’s fifty day moving average price is $31.32 and its two-hundred day moving average price is $29.64. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%.

Bankwell Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio is currently 67.80%.

Institutional Investors Weigh In On Bankwell Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWFG. BNP Paribas Financial Markets raised its stake in 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 acquiring an additional 715 shares during the period. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 7,238 shares during the period. Empowered Funds LLC raised its stake in 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 acquiring an additional 938 shares during the period. Barclays PLC increased its position 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 period. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Bankwell Financial Group during the fourth quarter valued at about $624,000. 35.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

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.