Bankwell Financial Group (NASDAQ:BWFG) Director Purchases $19,869.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Carl Porto purchased 370 shares of Bankwell Financial Group stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $53.70 per share, with a total value of $19,869.00. Following the completion of the transaction, the director owned 22,070 shares of the company’s stock, valued at $1,185,159. This represents a 1.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Bankwell Financial Group Price Performance

Shares of NASDAQ BWFG opened at $55.15 on Friday. The stock has a market cap of $439.55 million, a PE ratio of 11.07 and a beta of 0.62. Bankwell Financial Group, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $56.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average of $51.99 and a 200-day moving average of $49.19.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.18. The company had revenue of $30.23 million during the quarter, compared to analysts’ expectations of $30.47 million. Bankwell Financial Group had a return on equity of 13.31% and a net margin of 18.71%. Equities research analysts anticipate that Bankwell Financial Group, Inc. will post 5.35 earnings per share for the current year.

Bankwell Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th were given a $0.20 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. Bankwell Financial Group’s payout ratio is 16.06%.

Analyst Ratings Changes

BWFG has been the subject of several recent research reports. Weiss Ratings upgraded Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Wall Street Zen cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Bankwell Financial Group has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Institutional Investors Weigh In On Bankwell Financial Group

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Bankwell Financial Group by 3.9% during the third quarter. Vanguard Group Inc. now owns 366,963 shares of the bank’s stock valued at $16,238,000 after buying an additional 13,823 shares during the period. Dimensional Fund Advisors LP boosted its stake in Bankwell Financial Group by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 319,241 shares of the bank’s stock valued at $15,489,000 after buying an additional 4,795 shares during the period. Geode Capital Management LLC boosted its stake in Bankwell Financial Group by 5.4% during the second quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock valued at $5,744,000 after buying an additional 8,178 shares during the period. Siena Capital Partners GP LLC boosted its stake in Bankwell Financial Group by 5.3% during the third quarter. Siena Capital Partners GP LLC now owns 116,138 shares of the bank’s stock valued at $5,139,000 after buying an additional 5,800 shares during the period. Finally, State Street Corp boosted its stake in Bankwell Financial Group by 5.6% during the fourth quarter. State Street Corp now owns 115,711 shares of the bank’s stock valued at $5,302,000 after buying an additional 6,138 shares during the period. Institutional investors own 35.80% of the company’s stock.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.