Bankwell Financial Group (NASDAQ:BWFG) Insider Sells 1,088 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Ryan Jason Hildebrand sold 1,088 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $58.48, for a total value of $63,626.24. Following the transaction, the insider owned 2,246 shares in the company, valued at approximately $131,346.08. This trade represents a 32.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bankwell Financial Group Stock Up 2.7%

Shares of NASDAQ BWFG traded up $1.58 during trading on Wednesday, hitting $60.34. The stock had a trading volume of 68,581 shares, compared to its average volume of 44,531. The firm has a fifty day moving average of $53.44 and a two-hundred day moving average of $50.14. The company has a market capitalization of $480.87 million, a PE ratio of 12.14 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. Bankwell Financial Group, Inc. has a 12 month low of $36.22 and a 12 month high of $60.42.

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

Bankwell Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, May 8th. Bankwell Financial Group’s payout ratio is presently 16.06%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen lowered Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings downgraded Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.00.

Institutional Trading of Bankwell Financial Group

Several hedge funds have recently added to or reduced their stakes in BWFG. Vanguard Group Inc. boosted its stake in Bankwell Financial Group by 3.9% in the third quarter. Vanguard Group Inc. now owns 366,963 shares of the bank’s stock valued at $16,238,000 after acquiring an additional 13,823 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bankwell Financial Group by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 319,241 shares of the bank’s stock valued at $15,489,000 after acquiring an additional 4,795 shares during the period. Geode Capital Management LLC increased its stake in shares of Bankwell Financial Group by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock worth $5,744,000 after purchasing an additional 8,178 shares during the last quarter. State Street Corp increased its stake in shares of Bankwell Financial Group by 5.6% during the 4th quarter. State Street Corp now owns 115,711 shares of the bank’s stock worth $5,302,000 after purchasing an additional 6,138 shares during the last quarter. Finally, GM Advisory Group LLC raised its holdings in shares of Bankwell Financial Group by 0.4% in the 1st quarter. GM Advisory Group LLC now owns 106,498 shares of the bank’s stock worth $5,167,000 after purchasing an additional 439 shares during the period. Institutional investors own 35.80% of the company’s stock.

Bankwell Financial Group Company Profile

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.