Bankwell Financial Group (NASDAQ:BWFG) Director Jeffrey Dunne Acquires 315 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Jeffrey Dunne purchased 315 shares of the company’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $53.70 per share, with a total value of $16,915.50. Following the completion of the transaction, the director owned 6,120 shares of the company’s stock, valued at approximately $328,644. This trade represents a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bankwell Financial Group Price Performance

Shares of BWFG traded up $0.97 during mid-day trading on Tuesday, reaching $54.97. The stock had a trading volume of 5,166 shares, compared to its average volume of 36,974. The firm has a market cap of $438.11 million, a price-to-earnings ratio of 11.04 and a beta of 0.62. Bankwell Financial Group, Inc. has a 12 month low of $33.85 and a 12 month high of $55.68. The business has a fifty day moving average of $51.55 and a 200 day moving average of $48.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.18. The business had revenue of $30.23 million during the quarter, compared to analyst estimates of $30.47 million. Bankwell Financial Group had a net margin of 18.71% and a return on equity of 13.31%. Equities analysts predict that Bankwell Financial Group, Inc. will post 5.35 EPS for the current year.

Bankwell Financial Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BWFG shares. Weiss Ratings upgraded shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Hedge Funds Weigh In On Bankwell Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in shares of Bankwell Financial Group by 585.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock worth $30,000 after acquiring an additional 585 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Bankwell Financial Group by 38.8% during 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bankwell Financial Group during the 2nd quarter worth approximately $63,000. Tower Research Capital LLC TRC raised its holdings in shares of Bankwell Financial Group by 523.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock worth $72,000 after acquiring an additional 1,675 shares in the last quarter. Finally, Assetmark Inc. purchased a new stake in shares of Bankwell Financial Group during the 1st quarter worth approximately $146,000. Institutional investors own 35.80% of the company’s stock.

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.