Bankwell Financial Group (NASDAQ:BWFG) Director Lawrence Seidman Buys 3,300 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Lawrence Seidman purchased 3,300 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average price of $51.87 per share, for a total transaction of $171,171.00. Following the acquisition, the director directly owned 218,756 shares of the company’s stock, valued at $11,346,873.72. This trade represents a 1.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bankwell Financial Group Trading Up 1.3%

Shares of BWFG stock traded up $0.67 during trading hours on Tuesday, reaching $52.47. 73,442 shares of the stock traded hands, compared to its average volume of 32,513. Bankwell Financial Group, Inc. has a 1-year low of $33.85 and a 1-year high of $53.86. The business has a fifty day moving average price of $51.00 and a 200 day moving average price of $48.67. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $418.30 million, a PE ratio of 10.50 and a beta of 0.63.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.18. The business had revenue of $30.23 million for the quarter, compared to analyst estimates of $30.47 million. Bankwell Financial Group had a net margin of 18.71% and a return on equity of 13.31%. On average, equities research analysts forecast that Bankwell Financial Group, Inc. will post 5.35 EPS for the current year.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th were paid a dividend of $0.20 per share. 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 dividend payout ratio is 16.06%.

Institutional Investors Weigh In On Bankwell Financial Group

A number of institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in Bankwell Financial Group by 585.0% during the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after purchasing an additional 585 shares during the period. BNP Paribas Financial Markets lifted its position in Bankwell Financial Group by 38.8% during the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after purchasing an additional 314 shares during the period. Raymond James Financial Inc. bought a new position in Bankwell Financial Group during the second quarter valued at approximately $63,000. Tower Research Capital LLC TRC raised its position in Bankwell Financial Group by 523.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock worth $72,000 after acquiring an additional 1,675 shares during the period. Finally, Assetmark Inc. bought a new position in Bankwell Financial Group in the first quarter worth approximately $146,000. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Analysts Set New Price Targets

BWFG has been the subject of a number of research reports. Hovde Group increased their price target on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Wall Street Zen downgraded shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Keefe, Bruyette & Woods raised their price objective on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Weiss Ratings raised shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Bankwell Financial Group has an average rating of “Moderate Buy” and an average price target of $52.00.

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.