Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) CFO Courtney E. Sacchetti sold 445 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.66, for a total value of $14,533.70. Following the completion of the sale, the chief financial officer now owns 2,043 shares in the company, valued at approximately $66,724.38. This represents a 17.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bankwell Financial Group Price Performance
Shares of Bankwell Financial Group stock traded up $0.39 on Thursday, hitting $31.38. The company had a trading volume of 4,125 shares, compared to its average volume of 14,840. Bankwell Financial Group, Inc. has a 52 week low of $22.47 and a 52 week high of $35.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $246.65 million, a PE ratio of 26.59 and a beta of 0.87. The business has a 50-day simple moving average of $30.98 and a 200-day simple moving average of $30.02.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share (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 company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Tuesday, February 11th. Bankwell Financial Group's payout ratio is currently 67.80%.
Institutional Investors Weigh In On Bankwell Financial Group
Several hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in shares of Bankwell Financial Group by 60.9% during 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. JPMorgan Chase & Co. raised its position in shares of Bankwell Financial Group by 164.5% during the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank's stock worth $349,000 after purchasing an additional 7,238 shares during the period. Wells Fargo & Company MN boosted its position in shares of Bankwell Financial Group by 9.4% in the 4th quarter. Wells Fargo & Company MN now owns 11,338 shares of the bank's stock valued at $353,000 after purchasing an additional 975 shares during the period. Empowered Funds LLC increased its stake 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. Finally, Barclays PLC raised its holdings in Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank's stock worth $623,000 after buying an additional 6,710 shares during the period. 35.80% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods upped 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.
Read Our Latest Stock Report on BWFG
About Bankwell Financial Group
(
Get Free Report)
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.
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