Steven H. Brunner Sells 454 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Steven H. Brunner sold 454 shares of Bankwell Financial Group stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $28.98, for a total transaction of $13,156.92. Following the sale, the executive vice president now owns 2,355 shares of the company's stock, valued at approximately $68,247.90. This represents a 16.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bankwell Financial Group Trading Down 0.7 %

Bankwell Financial Group stock traded down $0.20 during midday trading on Friday, hitting $29.81. 13,551 shares of the stock were exchanged, compared to its average volume of 13,684. The company has a fifty day simple moving average of $30.48 and a two-hundred day simple moving average of $30.60. Bankwell Financial Group, Inc. has a 52 week low of $22.47 and a 52 week high of $35.25. The stock has a market capitalization of $235.67 million, a PE ratio of 25.22 and a beta of 0.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59.

Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%.

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Bankwell Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Bankwell Financial Group's payout ratio is currently 67.80%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in shares of Bankwell Financial Group by 655.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank's stock valued at $49,000 after purchasing an additional 1,357 shares during the last quarter. BNP Paribas Financial Markets raised 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 valued at $57,000 after purchasing an additional 715 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Bankwell Financial Group in the fourth quarter valued at approximately $104,000. Mackenzie Financial Corp acquired a new stake in shares of Bankwell Financial Group in the fourth quarter valued at approximately $281,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Bankwell Financial Group by 9.4% in the fourth 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 last quarter. Institutional investors own 35.80% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted 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.

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.