Bankwell Financial Group (NASDAQ:BWFG) Director Sells $187,565.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Todd Lampert sold 3,500 shares of Bankwell Financial Group stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $53.59, for a total value of $187,565.00. Following the completion of the transaction, the director directly owned 12,366 shares in the company, valued at $662,693.94. This trade represents a 22.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bankwell Financial Group Trading Up 0.6%

Shares of Bankwell Financial Group stock traded up $0.34 during trading on Monday, reaching $54.01. 8,832 shares of the stock were exchanged, compared to its average volume of 36,986. 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 stock’s fifty day moving average is $51.43 and its 200 day moving average is $48.89. The firm has a market cap of $430.65 million, a price-to-earnings ratio of 10.89 and a beta of 0.62. Bankwell Financial Group, Inc. has a 1 year low of $33.85 and a 1 year high of $54.22.

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

Bankwell Financial Group Dividend Announcement

The firm also recently announced 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 of this dividend 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%.

Hedge Funds Weigh In On Bankwell Financial Group

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 13,823 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 purchasing an additional 4,795 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Bankwell Financial Group by 5.4% in the second quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock worth $5,744,000 after acquiring an additional 8,178 shares in the last quarter. Siena Capital Partners GP LLC boosted its holdings in Bankwell Financial Group by 5.3% in the third quarter. Siena Capital Partners GP LLC now owns 116,138 shares of the bank’s stock worth $5,139,000 after acquiring an additional 5,800 shares in the last quarter. Finally, State Street Corp boosted its holdings in Bankwell Financial Group by 5.6% in the fourth quarter. State Street Corp now owns 115,711 shares of the bank’s stock worth $5,302,000 after acquiring an additional 6,138 shares in the last quarter. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings upgraded Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. 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 currently has a consensus 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.