Bankwell Financial Group (NASDAQ:BWFG) Director Eric Dale Acquires 588 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Eric Dale purchased 588 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $53.70 per share, with a total value of $31,575.60. Following the completion of the transaction, the director directly owned 42,496 shares of the company’s stock, valued at $2,282,035.20. The trade was a 1.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bankwell Financial Group Stock Performance

Shares of BWFG opened at $55.31 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $440.82 million, a price-to-earnings ratio of 11.11 and a beta of 0.62. The stock has a 50 day moving average of $51.71 and a 200 day moving average of $49.04. Bankwell Financial Group, Inc. has a 12 month low of $33.85 and a 12 month high of $55.68.

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

Bankwell Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Friday, May 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 8th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 16.06%.

Hedge Funds Weigh In On Bankwell Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Bankwell Financial Group by 3.9% in the third quarter. Vanguard Group Inc. now owns 366,963 shares of the bank’s stock worth $16,238,000 after acquiring an additional 13,823 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Bankwell Financial Group by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 319,241 shares of the bank’s stock worth $15,489,000 after acquiring an additional 4,795 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 during the period. Siena Capital Partners GP LLC boosted its holdings in shares of 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 during the period. Finally, State Street Corp boosted its holdings in shares of 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 during the period. 35.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

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