Bankwell Financial Group (NASDAQ:BWFG) Stock Passes Below 200 Day Moving Average – What’s Next?

Bankwell Financial Group, Inc. (NASDAQ:BWFG)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.51 and traded as low as $29.82. Bankwell Financial Group shares last traded at $30.05, with a volume of 10,553 shares traded.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their target price 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.

Bankwell Financial Group Stock Performance

The company has a 50-day moving average of $30.60 and a 200-day moving average of $30.51. The company has a market cap of $236.16 million, a PE ratio of 25.47 and a beta of 0.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59.

Bankwell Financial Group (NASDAQ:BWFG) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. Bankwell Financial Group’s dividend payout ratio is currently 67.80%.

Insider Transactions at Bankwell Financial Group

In related news, Director Darryl Demos purchased 2,290 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $32.61 per share, with a total value of $74,676.90. Following the acquisition, the director now owns 8,156 shares of the company’s stock, valued at $265,967.16. This represents a 39.04 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin D. Leitao acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average price of $30.38 per share, with a total value of $60,760.00. Following the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at $136,710. The trade was a 80.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 4,636 shares of company stock worth $146,824 and have sold 7,023 shares worth $224,682. Company insiders own 19.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Bankwell Financial Group by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 288,871 shares of the bank’s stock worth $8,998,000 after purchasing an additional 7,363 shares during the period. Pacific Ridge Capital Partners LLC increased its position in Bankwell Financial Group by 30.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 174,584 shares of the bank’s stock worth $5,438,000 after buying an additional 40,458 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Bankwell Financial Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 148,035 shares of the bank’s stock valued at $4,612,000 after buying an additional 693 shares during the period. Fourthstone LLC lifted its position in shares of Bankwell Financial Group by 307.5% during the 4th quarter. Fourthstone LLC now owns 105,585 shares of the bank’s stock valued at $3,289,000 after buying an additional 79,673 shares during the last quarter. Finally, GM Advisory Group LLC grew its stake in shares of Bankwell Financial Group by 0.6% during the 4th quarter. GM Advisory Group LLC now owns 90,358 shares of the bank’s stock worth $2,815,000 after acquiring an additional 551 shares during the period. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

About Bankwell Financial Group

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.