Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Courtney E. Sacchetti Sells 445 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Courtney E. Sacchetti sold 445 shares of Bankwell Financial Group 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 directly owns 2,043 shares of the company’s stock, valued at $66,724.38. This trade represents a 17.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bankwell Financial Group Stock Performance

Shares of Bankwell Financial Group stock traded up $0.03 on Monday, hitting $31.62. The stock had a trading volume of 3,546 shares, compared to its average volume of 15,027. Bankwell Financial Group, Inc. has a 52-week low of $22.47 and a 52-week high of $35.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a market cap of $248.53 million, a price-to-earnings ratio of 26.80 and a beta of 0.87. The company’s 50 day moving average price is $31.07 and its 200 day moving average price is $29.95.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 EPS for the quarter, missing the consensus estimate 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.53%. The ex-dividend date is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio is presently 67.80%.

Institutional Trading of Bankwell Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in Bankwell Financial Group by 35.4% during the 4th quarter. Bank of New York Mellon Corp now owns 30,262 shares of the bank’s stock valued at $943,000 after acquiring an additional 7,908 shares during the last quarter. Empowered Funds LLC increased its position in Bankwell Financial Group by 4.7% during the 4th quarter. Empowered Funds LLC now owns 20,560 shares of the bank’s stock worth $640,000 after purchasing an additional 918 shares during the period. SeaCrest Wealth Management LLC acquired a new position in Bankwell Financial Group during the 4th quarter worth approximately $624,000. JPMorgan Chase & Co. increased its position in Bankwell Financial Group by 164.5% during the 3rd 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. Finally, Barclays PLC increased its position in Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after purchasing an additional 6,710 shares during the period. 35.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their target price on Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a report 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.