Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells 1,330 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Steven H. Brunner sold 1,330 shares of Bankwell Financial Group stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $32.98, for a total value of $43,863.40. Following the sale, the executive vice president now owns 3,002 shares of the company's stock, valued at approximately $99,005.96. This represents a 30.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Bankwell Financial Group Stock Performance

Bankwell Financial Group stock traded down $0.65 during midday trading on Tuesday, reaching $32.47. 11,674 shares of the stock traded hands, compared to its average volume of 13,750. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. The firm has a fifty day moving average price of $31.16 and a two-hundred day moving average price of $28.33. The firm has a market cap of $255.18 million, a price-to-earnings ratio of 16.84 and a beta of 0.86.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.32. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%. The company had revenue of $49.35 million during the quarter.

Bankwell Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, November 8th. Bankwell Financial Group's payout ratio is presently 41.03%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BWFG. BNP Paribas Financial Markets boosted its stake in shares of 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 purchasing an additional 715 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Bankwell Financial Group by 42.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank's stock valued at $124,000 after buying an additional 1,449 shares in the last quarter. Empowered Funds LLC grew its stake in Bankwell Financial Group by 5.0% during the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank's stock worth $588,000 after buying an additional 938 shares during the last quarter. Barclays PLC raised its stake in shares of Bankwell Financial Group by 47.7% in the third quarter. Barclays PLC now owns 20,781 shares of the bank's stock valued at $623,000 after acquiring an additional 6,710 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Bankwell Financial Group by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank's stock worth $724,000 after acquiring an additional 1,676 shares in the last quarter. 35.80% of the stock is owned by 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.