Bankwell Financial Group, Inc. (NASDAQ:BWFG) Insider Sells $61,876.44 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) insider Matt Mcneill sold 1,908 shares of Bankwell Financial Group stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.43, for a total transaction 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. This represents a 4.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bankwell Financial Group Stock Up 1.3 %

BWFG traded up $0.39 on Thursday, reaching $31.38. The company's stock had a trading volume of 4,125 shares, compared to its average volume of 14,840. The company has a market capitalization of $246.65 million, a price-to-earnings ratio of 26.59 and a beta of 0.87. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. 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 50 day moving average of $30.98 and a two-hundred day moving average of $30.02.

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

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Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Tuesday, February 11th. Bankwell Financial Group's dividend payout ratio (DPR) is currently 67.80%.

Institutional Trading of Bankwell Financial Group

A number of large investors have recently made changes to their positions in BWFG. Empowered Funds LLC increased its position in Bankwell Financial Group by 5.0% during the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank's stock worth $588,000 after buying an additional 938 shares during the period. GM Advisory Group LLC increased its holdings in shares of Bankwell Financial Group by 0.7% in the 3rd quarter. GM Advisory Group LLC now owns 89,807 shares of the bank's stock valued at $2,690,000 after acquiring an additional 653 shares during the period. BNP Paribas Financial Markets raised its position in Bankwell Financial Group by 60.9% in 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 during the last quarter. Fourthstone LLC purchased a new stake in Bankwell Financial Group in the 3rd quarter valued at $776,000. Finally, State Street Corp boosted its stake in Bankwell Financial Group by 0.6% during the 3rd quarter. State Street Corp now owns 78,017 shares of the bank's stock worth $2,337,000 after purchasing an additional 500 shares during the period. 35.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price target 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.

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.