Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells 1,405 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 1,405 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $24.12, for a total transaction of $33,888.60. Following the transaction, the executive vice president now owns 2,621 shares in the company, valued at approximately $63,218.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bankwell Financial Group Trading Up 0.1 %

NASDAQ BWFG opened at $24.27 on Friday. The company’s 50-day moving average price is $24.50 and its 200-day moving average price is $26.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.59. The stock has a market cap of $191.73 million, a PE ratio of 6.32 and a beta of 0.80. Bankwell Financial Group, Inc. has a 12 month low of $22.47 and a 12 month high of $30.83.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $0.48 EPS for the quarter. The firm had revenue of $22.06 million for the quarter. Bankwell Financial Group had a net margin of 15.28% and a return on equity of 11.55%.

Bankwell Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Thursday, May 9th. Bankwell Financial Group’s payout ratio is presently 20.83%.

Institutional Trading of Bankwell Financial Group

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Bankwell Financial Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock worth $8,541,000 after acquiring an additional 1,933 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in Bankwell Financial Group by 28.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 134,940 shares of the bank’s stock worth $4,072,000 after acquiring an additional 29,616 shares during the period. LSV Asset Management lifted its stake in Bankwell Financial Group by 9.6% in the third quarter. LSV Asset Management now owns 131,946 shares of the bank’s stock worth $3,202,000 after acquiring an additional 11,592 shares during the period. GM Advisory Group LLC lifted its stake in Bankwell Financial Group by 0.8% in the first quarter. GM Advisory Group LLC now owns 82,813 shares of the bank’s stock worth $2,148,000 after acquiring an additional 640 shares during the period. Finally, BHZ Capital Management LP lifted its stake in Bankwell Financial Group by 7.4% in the fourth quarter. BHZ Capital Management LP now owns 28,036 shares of the bank’s stock worth $846,000 after acquiring an additional 1,930 shares during the period. 35.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their price target on shares of Bankwell Financial Group from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, January 30th.

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.