Insider Buying: Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Purchases 875 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Eric J. Dale bought 875 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $30.42 per share, for a total transaction of $26,617.50. Following the completion of the acquisition, the director now owns 38,682 shares of the company's stock, valued at approximately $1,176,706.44. This represents a 2.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Bankwell Financial Group Price Performance

Shares of NASDAQ BWFG traded up $0.12 during midday trading on Thursday, reaching $29.46. 379 shares of the company traded hands, compared to its average volume of 14,245. The stock's 50-day simple moving average is $30.45 and its 200-day simple moving average is $30.58. 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, Inc. has a 12 month low of $22.47 and a 12 month high of $35.25. The firm has a market cap of $232.94 million, a PE ratio of 24.82 and a beta of 0.95.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued a $0.20 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $0.80 annualized dividend and a yield of 2.72%. Bankwell Financial Group's dividend payout ratio (DPR) is presently 67.80%.

Analyst Upgrades and Downgrades

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

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Hedge Funds Weigh In On Bankwell Financial Group

A number of large investors have recently bought and sold shares of the company. Barclays PLC grew its position in shares of Bankwell Financial Group by 47.7% in the 3rd 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 period. JPMorgan Chase & Co. lifted its stake in shares of Bankwell Financial Group by 164.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank's stock worth $349,000 after buying an additional 7,238 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Bankwell Financial Group by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 147,342 shares of the bank's stock worth $4,413,000 after buying an additional 5,438 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Bankwell Financial Group during the 4th quarter worth about $624,000. Finally, State Street Corp grew its stake in Bankwell Financial Group by 0.6% in the 3rd quarter. State Street Corp now owns 78,017 shares of the bank's stock valued at $2,337,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 35.80% of the company's stock.

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.

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