Bankwell Financial Group (NASDAQ:BWFG) Director Todd Lampert Sells 3,500 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Todd Lampert sold 3,500 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $53.59, for a total value of $187,565.00. Following the completion of the sale, the director directly owned 12,366 shares in the company, valued at $662,693.94. This trade represents a 22.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Bankwell Financial Group Stock Up 0.6%

Bankwell Financial Group stock traded up $0.34 during mid-day trading on Monday, hitting $54.01. The company had a trading volume of 8,832 shares, compared to its average volume of 36,986. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $51.43 and its two-hundred day moving average price is $48.89. Bankwell Financial Group, Inc. has a 12 month low of $33.85 and a 12 month high of $54.22. The company has a market capitalization of $430.65 million, a PE ratio of 10.89 and a beta of 0.62.

Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Wednesday, April 22nd. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.23 by $0.18. Bankwell Financial Group had a return on equity of 13.31% and a net margin of 18.71%.The business had revenue of $30.23 million for the quarter, compared to the consensus estimate of $30.47 million. As a group, sell-side analysts anticipate that Bankwell Financial Group, Inc. will post 5.35 earnings per share for the current fiscal year.

Bankwell Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Friday, May 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 8th. Bankwell Financial Group’s payout ratio is 16.06%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in shares of Bankwell Financial Group by 585.0% during the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after purchasing an additional 585 shares in the last quarter. BNP Paribas Financial Markets grew its position in 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 purchasing an additional 314 shares during the period. Raymond James Financial Inc. bought a new stake in Bankwell Financial Group in the 2nd quarter worth approximately $63,000. Tower Research Capital LLC TRC grew its position in Bankwell Financial Group by 523.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock worth $72,000 after purchasing an additional 1,675 shares during the period. Finally, Assetmark Inc. bought a new stake in Bankwell Financial Group in the 1st quarter worth approximately $146,000. 35.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings raised Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Wall Street Zen downgraded Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Bankwell Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

About Bankwell Financial Group

Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.

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.