Bankwell Financial Group (NASDAQ:BWFG) Shares Cross Above 50 Day Moving Average - What's Next?

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $30.68 and traded as high as $31.37. Bankwell Financial Group shares last traded at $31.37, with a volume of 7,784 shares changing hands.

Analysts Set New Price Targets

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

Bankwell Financial Group Trading Down 1.9 %

The firm has a 50-day simple moving average of $30.70 and a 200-day simple moving average of $30.46. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a market cap of $244.41 million, a PE ratio of 26.36 and a beta of 0.87.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last released its quarterly earnings data 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 net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.57%. Bankwell Financial Group's dividend payout ratio (DPR) is presently 67.80%.

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Insiders Place Their Bets

In other Bankwell Financial Group news, insider Matt Mcneill sold 1,908 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.43, for a total value of $61,876.44. Following the completion of the transaction, the insider now owns 40,353 shares of the company's stock, valued at $1,308,647.79. The trade was a 4.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin D. Leitao acquired 2,000 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average price of $30.38 per share, for a total transaction of $60,760.00. Following the transaction, the director now owns 4,500 shares in the company, valued at approximately $136,710. This represents a 80.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 4,975 shares of company stock worth $157,977 and have sold 7,023 shares worth $224,682. Corporate insiders own 19.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BWFG. Dimensional Fund Advisors LP boosted its holdings in shares of Bankwell Financial Group by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 288,871 shares of the bank's stock worth $8,998,000 after purchasing an additional 7,363 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Bankwell Financial Group by 30.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 174,584 shares of the bank's stock worth $5,438,000 after buying an additional 40,458 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Bankwell Financial Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 148,035 shares of the bank's stock worth $4,612,000 after acquiring an additional 693 shares in the last quarter. Fourthstone LLC lifted its holdings in shares of Bankwell Financial Group by 307.5% in the 4th quarter. Fourthstone LLC now owns 105,585 shares of the bank's stock worth $3,289,000 after acquiring an additional 79,673 shares during the last quarter. Finally, GM Advisory Group LLC grew its holdings in shares of Bankwell Financial Group by 0.6% during the 4th quarter. GM Advisory Group LLC now owns 90,358 shares of the bank's stock valued at $2,815,000 after purchasing an additional 551 shares during 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.