Carl Porto Buys 393 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Carl Porto acquired 393 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $46.00 per share, with a total value of $18,078.00. Following the acquisition, the director owned 21,700 shares in the company, valued at approximately $998,200. This trade represents a 1.84% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bankwell Financial Group Stock Performance

Bankwell Financial Group stock traded down $0.80 during midday trading on Monday, hitting $45.52. 7,401 shares of the company were exchanged, compared to its average volume of 29,672. The business has a fifty day simple moving average of $47.84 and a two-hundred day simple moving average of $45.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $363.25 million, a PE ratio of 10.25 and a beta of 0.67. Bankwell Financial Group, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $51.54.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Thursday, January 29th. The bank reported $1.36 EPS for the quarter, topping the consensus estimate of $1.20 by $0.16. The business had revenue of $30.32 million for the quarter, compared to analyst estimates of $28.06 million. Bankwell Financial Group had a return on equity of 12.21% and a net margin of 16.94%.

Bankwell Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. Bankwell Financial Group’s payout ratio is presently 18.02%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. grew its position in shares of Bankwell Financial Group by 70.7% in the second quarter. Ameritas Investment Partners Inc. now owns 722 shares of the bank’s stock valued at $26,000 after purchasing an additional 299 shares in the last quarter. Barclays PLC grew its holdings in Bankwell Financial Group by 1.3% in the 3rd quarter. Barclays PLC now owns 24,040 shares of the bank’s stock valued at $1,064,000 after buying an additional 307 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Bankwell Financial Group by 38.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock worth $40,000 after acquiring an additional 314 shares during the last quarter. CWM LLC raised its holdings in shares of Bankwell Financial Group by 71.8% during the 3rd quarter. CWM LLC now owns 1,041 shares of the bank’s stock worth $46,000 after acquiring an additional 435 shares during the period. Finally, GM Advisory Group LLC boosted its position in shares of Bankwell Financial Group by 0.4% during the 4th quarter. GM Advisory Group LLC now owns 106,059 shares of the bank’s stock valued at $4,860,000 after acquiring an additional 472 shares during the last quarter. 35.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods raised their price objective on Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Bankwell Financial Group in a research report on Monday, December 29th. Finally, Hovde Group increased their target price on Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bankwell Financial Group has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.