Bankwell Financial Group (NASDAQ:BWFG) EVP Christine Chivily Sells 1,985 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 1,985 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $49.80, for a total transaction of $98,853.00. Following the transaction, the executive vice president owned 16,186 shares of the company’s stock, valued at approximately $806,062.80. The trade was a 10.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Christine Chivily also recently made the following trade(s):

• On Wednesday, November 12th, Christine Chivily sold 2,553 shares of Bankwell Financial Group stock. The shares were sold at an average price of $45.52, for a total transaction of $116,212.56.

Bankwell Financial Group Stock Performance

Shares of Bankwell Financial Group stock traded down $0.24 on Tuesday, reaching $49.66. 11,644 shares of the company traded hands, compared to its average volume of 31,639. The company has a 50 day moving average of $47.94 and a 200 day moving average of $44.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.07 and a quick ratio of 1.07. Bankwell Financial Group, Inc. has a 52 week low of $26.39 and a 52 week high of $51.54. The firm has a market capitalization of $391.32 million, a PE ratio of 11.19 and a beta of 0.70.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.05). The firm had revenue of $30.32 million for the quarter, compared to the consensus estimate of $28.06 million. Bankwell Financial Group had a net margin of 16.94% and a return on equity of 12.40%.

Bankwell Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Tuesday, February 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, February 10th. Bankwell Financial Group’s payout ratio is currently 18.02%.

Institutional Trading of Bankwell Financial Group

A number of hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC increased its stake in Bankwell Financial Group by 3.4% in the first quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock valued at $642,000 after acquiring an additional 702 shares during the last quarter. Jane Street Group LLC purchased a new stake in Bankwell Financial Group in the first quarter worth approximately $250,000. Strs Ohio bought a new position in Bankwell Financial Group during the first quarter valued at approximately $148,000. Acadian Asset Management LLC raised its stake in shares of Bankwell Financial Group by 5.5% during the second quarter. Acadian Asset Management LLC now owns 93,233 shares of the bank’s stock worth $3,357,000 after acquiring an additional 4,890 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Bankwell Financial Group by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock worth $5,744,000 after acquiring an additional 8,178 shares during the last quarter. 35.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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