Bankwell Financial Group (NASDAQ:BWFG) Director Buys $28,152.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Eric Dale purchased 612 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $46.00 per share, for a total transaction of $28,152.00. Following the purchase, the director owned 41,908 shares in the company, valued at $1,927,768. The trade was a 1.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bankwell Financial Group Stock Down 0.4%

BWFG stock opened at $46.72 on Thursday. The firm has a market cap of $372.83 million, a PE ratio of 10.52 and a beta of 0.67. Bankwell Financial Group, Inc. has a 1 year low of $26.39 and a 1 year high of $51.54. The company has a fifty day simple moving average of $47.86 and a 200 day simple moving average of $45.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60.

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

Bankwell Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, February 10th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 18.02%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. boosted 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 acquiring an additional 299 shares during the period. Russell Investments Group Ltd. increased its position in Bankwell Financial Group by 585.0% during the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock worth $30,000 after acquiring an additional 585 shares during the period. BNP Paribas Financial Markets raised its stake in Bankwell Financial Group by 38.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after purchasing an additional 314 shares during the last quarter. CWM LLC raised its stake in Bankwell Financial Group by 71.8% during the 3rd quarter. CWM LLC now owns 1,041 shares of the bank’s stock valued at $46,000 after purchasing an additional 435 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in Bankwell Financial Group in the 2nd quarter valued at $50,000. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BWFG shares. Keefe, Bruyette & Woods upped their target price on Bankwell Financial Group from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Hovde Group boosted their price objective on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bankwell Financial Group in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bankwell Financial Group has an average 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 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.