Bankwell Financial Group, Inc. (NASDAQ:BWFG) Insider Ryan Jason Hildebrand Sells 2,051 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Ryan Jason Hildebrand sold 2,051 shares of Bankwell Financial Group stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $39.69, for a total value of $81,404.19. Following the completion of the sale, the insider owned 3,334 shares of the company’s stock, valued at $132,326.46. The trade was a 38.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Ryan Jason Hildebrand also recently made the following trade(s):

• On Tuesday, July 1st, Ryan Jason Hildebrand sold 1,282 shares of Bankwell Financial Group stock. The stock was sold at an average price of $36.86, for a total value of $47,254.52.

Bankwell Financial Group Trading Down 1.6%

Shares of NASDAQ:BWFG opened at $39.00 on Friday. Bankwell Financial Group, Inc. has a 52-week low of $25.40 and a 52-week high of $41.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $306.93 million, a price-to-earnings ratio of 15.12 and a beta of 0.71. The stock’s 50-day simple moving average is $36.93 and its two-hundred day simple moving average is $33.24.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data on Monday, July 28th. The bank reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.28. Bankwell Financial Group had a return on equity of 7.52% and a net margin of 10.27%. The firm had revenue of $47.14 million for the quarter, compared to analysts’ expectations of $24.20 million.

Bankwell Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 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 2.1%. The ex-dividend date of this dividend is Monday, August 11th. Bankwell Financial Group’s payout ratio is presently 31.01%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BWFG. Fourthstone LLC lifted its position in shares of Bankwell Financial Group by 307.5% during the 4th quarter. Fourthstone LLC now owns 105,585 shares of the bank’s stock valued at $3,289,000 after buying an additional 79,673 shares in the last quarter. Northeast Financial Consultants Inc purchased a new position in shares of Bankwell Financial Group during the 4th quarter valued at about $682,000. GM Advisory Group LLC lifted its position in shares of Bankwell Financial Group by 15.6% during the 1st quarter. GM Advisory Group LLC now owns 104,477 shares of the bank’s stock valued at $3,153,000 after buying an additional 14,119 shares in the last quarter. Kennedy Capital Management LLC lifted its position in shares of Bankwell Financial Group by 60.8% during the 4th quarter. Kennedy Capital Management LLC now owns 36,312 shares of the bank’s stock valued at $1,131,000 after buying an additional 13,733 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Bankwell Financial Group by 102.7% during the 4th quarter. JPMorgan Chase & Co. now owns 23,590 shares of the bank’s stock valued at $735,000 after buying an additional 11,952 shares in the last quarter. 35.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BWFG has been the topic of several research reports. Raymond James Financial initiated coverage on Bankwell Financial Group in a research report on Thursday, June 26th. They issued a “market perform” rating on the stock. Wall Street Zen raised Bankwell Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 3rd. Keefe, Bruyette & Woods raised their target price on Bankwell Financial Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Finally, Hovde Group raised their target price on Bankwell Financial Group from $38.50 to $42.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 29th.

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.