Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Buys $26,617.50 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Eric J. Dale acquired 875 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $30.42 per share, with a total value of $26,617.50. Following the completion of the acquisition, the director now directly owns 38,682 shares of the company’s stock, valued at $1,176,706.44. This trade represents a 2.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Bankwell Financial Group Stock Performance

Shares of BWFG opened at $29.33 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group, Inc. has a one year low of $22.47 and a one year high of $35.25. The company has a 50-day simple moving average of $30.41 and a two-hundred day simple moving average of $30.60. The firm has a market capitalization of $231.91 million, a PE ratio of 24.86 and a beta of 0.95.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 EPS 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%.

Bankwell Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 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 2.73%. The ex-dividend date was Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio is 67.80%.

Analyst Ratings Changes

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 report on Wednesday, December 4th.

Hedge Funds Weigh In On Bankwell Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in BWFG. State Street Corp increased its position in shares of Bankwell Financial Group by 0.6% during the third quarter. State Street Corp now owns 78,017 shares of the bank’s stock valued at $2,337,000 after acquiring an additional 500 shares in the last quarter. GM Advisory Group LLC increased its position in shares of Bankwell Financial Group by 0.6% during the fourth quarter. GM Advisory Group LLC now owns 90,358 shares of the bank’s stock valued at $2,815,000 after acquiring an additional 551 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Bankwell Financial Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 148,035 shares of the bank’s stock valued at $4,612,000 after acquiring an additional 693 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Bankwell Financial Group by 60.9% during the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after acquiring an additional 715 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Bankwell Financial Group by 4.7% during the fourth quarter. Empowered Funds LLC now owns 20,560 shares of the bank’s stock valued at $640,000 after acquiring an additional 918 shares in the last quarter. Institutional investors 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.