Bankwell Financial Group (NASDAQ:BWFG) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $29.63 and traded as high as $32.61. Bankwell Financial Group shares last traded at $32.60, with a volume of 20,898 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $34.00 target price on shares of Bankwell Financial Group in a research note on Wednesday, October 16th.

Bankwell Financial Group Trading Down 0.3 %

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $255.53 million, a P/E ratio of 16.72 and a beta of 0.83. The stock has a 50-day moving average price of $29.63 and a 200-day moving average price of $26.83.

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

Bankwell Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.46%. The ex-dividend date is Friday, November 8th. Bankwell Financial Group's dividend payout ratio (DPR) is currently 41.03%.

Insider Buying and Selling at Bankwell Financial Group

In other Bankwell Financial Group news, EVP Christine Chivily sold 1,815 shares of the business's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $27.88, for a total value of $50,602.20. Following the completion of the sale, the executive vice president now directly owns 14,449 shares of the company's stock, valued at $402,838.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 19.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Bankwell Financial Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 329,246 shares of the bank's stock worth $8,541,000 after buying an additional 1,933 shares during the period. Dimensional Fund Advisors LP lifted its stake in Bankwell Financial Group by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank's stock worth $7,100,000 after acquiring an additional 755 shares during the period. GM Advisory Group LLC boosted its holdings in Bankwell Financial Group by 0.7% in the third quarter. GM Advisory Group LLC now owns 89,807 shares of the bank's stock valued at $2,690,000 after acquiring an additional 653 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in 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 purchasing an additional 1,676 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Bankwell Financial Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank's stock worth $588,000 after purchasing an additional 938 shares in the last quarter. Institutional investors own 35.80% of the company's stock.

About Bankwell Financial Group

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.