Insider Selling: Bankwell Financial Group (NASDAQ:BWFG) EVP Sells 1,985 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 1,985 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $49.80, for a total value of $98,853.00. Following the completion of the transaction, the executive vice president owned 16,186 shares of the company’s stock, valued at $806,062.80. The trade was a 10.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Christine Chivily also recently made the following trade(s):

• On Wednesday, November 12th, Christine Chivily sold 2,553 shares of Bankwell Financial Group stock. The stock was sold at an average price of $45.52, for a total value of $116,212.56.

Bankwell Financial Group Trading Down 0.5%

Shares of Bankwell Financial Group stock traded down $0.24 on Tuesday, hitting $49.66. The stock had a trading volume of 11,644 shares, compared to its average volume of 31,639. The stock has a 50 day moving average of $47.94 and a 200 day moving average of $44.73. The firm has a market capitalization of $391.32 million, a P/E ratio of 11.19 and a beta of 0.70. Bankwell Financial Group, Inc. has a twelve month low of $26.39 and a twelve month high of $51.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.07 and a current ratio of 1.07.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The business had revenue of $30.32 million for the quarter, compared to analyst estimates of $28.06 million. Bankwell Financial Group had a return on equity of 12.40% and a net margin of 16.94%.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, February 10th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 18.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Bankwell Financial Group from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Hovde Group increased their target price on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Institutional Investors Weigh In On Bankwell Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its stake in shares of Bankwell Financial Group by 70.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 722 shares of the bank’s stock worth $26,000 after acquiring an additional 299 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Bankwell Financial Group by 585.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after buying an additional 585 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Bankwell Financial Group by 38.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock worth $40,000 after buying an additional 314 shares in the last quarter. CWM LLC grew its holdings in shares of Bankwell Financial Group by 71.8% in the third quarter. CWM LLC now owns 1,041 shares of the bank’s stock valued at $46,000 after acquiring an additional 435 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in Bankwell Financial Group in the second quarter worth $50,000. 35.80% of the stock is owned by hedge funds and other institutional investors.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

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.