Bankwell Financial Group (NASDAQ:BWFG) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Bankwell Financial Group, Inc. (NASDAQ:BWFG)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.51 and traded as low as $29.82. Bankwell Financial Group shares last traded at $30.05, with a volume of 10,553 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price target on Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

Bankwell Financial Group Price Performance

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average of $30.57 and a 200-day moving average of $30.53. The stock has a market capitalization of $236.24 million, a P/E ratio of 25.47 and a beta of 0.95.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results 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%.

Bankwell Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.66%. Bankwell Financial Group’s dividend payout ratio is currently 67.80%.

Insiders Place Their Bets

In other Bankwell Financial Group news, EVP Christine Chivily sold 942 shares of Bankwell Financial Group stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.63, for a total transaction of $30,737.46. Following the completion of the sale, the executive vice president now owns 16,047 shares of the company’s stock, valued at approximately $523,613.61. The trade was a 5.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven H. Brunner sold 1,330 shares of Bankwell Financial Group stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $32.98, for a total value of $43,863.40. Following the sale, the executive vice president now directly owns 3,002 shares of the company’s stock, valued at approximately $99,005.96. This represents a 30.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 4,636 shares of company stock valued at $146,824 and sold 7,023 shares valued at $224,682. 19.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bankwell Financial Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of 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 period. GM Advisory Group LLC lifted its holdings in shares of Bankwell Financial Group by 0.6% in the 4th quarter. GM Advisory Group LLC now owns 90,358 shares of the bank’s stock valued at $2,815,000 after buying an additional 551 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Bankwell Financial Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 148,035 shares of the bank’s stock valued at $4,612,000 after buying an additional 693 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of 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 buying an additional 715 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Bankwell Financial Group by 4.7% in the 4th quarter. Empowered Funds LLC now owns 20,560 shares of the bank’s stock valued at $640,000 after buying an additional 918 shares during the period. Institutional investors and hedge funds own 35.80% of the company’s stock.

About Bankwell Financial Group

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.