Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Darryl Demos acquired 2,290 shares of Bankwell Financial Group stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $32.61 per share, for a total transaction of $74,676.90. Following the completion of the purchase, the director now owns 8,156 shares of the company's stock, valued at approximately $265,967.16. The trade was a 39.04 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bankwell Financial Group Trading Down 2.0 %
Shares of NASDAQ BWFG traded down $0.65 during midday trading on Tuesday, reaching $32.47. The stock had a trading volume of 11,674 shares, compared to its average volume of 13,750. 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, Inc. has a twelve month low of $22.47 and a twelve month high of $35.25. The company's 50 day moving average price is $31.16 and its 200 day moving average price is $28.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last released its earnings results on Monday, October 28th. The bank reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.32. Bankwell Financial Group had a net margin of 7.77% and a return on equity of 5.74%. The firm had revenue of $49.35 million during the quarter.
Bankwell Financial Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis 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 41.03%.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods upped their price objective on Bankwell Financial Group from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th.
Get Our Latest Research Report on BWFG
Institutional Trading of Bankwell Financial Group
Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its holdings in shares of Bankwell Financial Group by 60.9% in the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank's stock worth $57,000 after buying an additional 715 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Bankwell Financial Group by 42.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank's stock valued at $124,000 after purchasing an additional 1,449 shares during the last quarter. Empowered Funds LLC raised its position 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 during the period. Barclays PLC increased its stake in Bankwell Financial Group by 47.7% in the third quarter. Barclays PLC now owns 20,781 shares of the bank's stock worth $623,000 after purchasing an additional 6,710 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Bankwell Financial Group by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank's stock valued at $724,000 after acquiring an additional 1,676 shares in the last quarter. 35.80% of the stock is owned by institutional investors.
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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