Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells 942 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Christine Chivily sold 942 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.63, for a total transaction of $30,737.46. Following the transaction, the executive vice president now directly owns 16,047 shares in the company, valued at approximately $523,613.61. This trade represents a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bankwell Financial Group Price Performance

Shares of BWFG traded up $0.39 on Thursday, reaching $31.38. The stock had a trading volume of 4,125 shares, compared to its average volume of 14,840. Bankwell Financial Group, Inc. has a twelve month low of $22.47 and a twelve month high of $35.25. The firm has a market capitalization of $246.65 million, a PE ratio of 26.59 and a beta of 0.87. The firm has a 50-day moving average of $30.98 and a 200 day moving average of $30.02. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%.

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Bankwell Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. Bankwell Financial Group's payout ratio is 67.80%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th.

Hedge Funds Weigh In On Bankwell Financial Group

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in shares of Bankwell Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank's stock valued at $588,000 after purchasing an additional 938 shares in the last quarter. GM Advisory Group LLC raised its position in shares of Bankwell Financial Group by 0.7% during the 3rd quarter. GM Advisory Group LLC now owns 89,807 shares of the bank's stock worth $2,690,000 after purchasing an additional 653 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Bankwell Financial Group by 60.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank's stock valued at $57,000 after buying an additional 715 shares in the last quarter. Fourthstone LLC acquired a new stake in Bankwell Financial Group during the 3rd quarter valued at $776,000. Finally, State Street Corp grew its holdings in Bankwell Financial Group by 0.6% during the 3rd quarter. State Street Corp now owns 78,017 shares of the bank's stock valued at $2,337,000 after buying an additional 500 shares during the last quarter. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.