Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Purchases $11,153.10 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Eric J. Dale acquired 339 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $32.90 per share, for a total transaction of $11,153.10. Following the acquisition, the director now directly owns 37,461 shares of the company’s stock, valued at approximately $1,232,466.90. The trade was a 0.91 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bankwell Financial Group Trading Down 0.0 %

Shares of BWFG opened at $32.63 on Wednesday. The stock’s 50-day moving average is $30.85 and its two-hundred day moving average is $28.09. Bankwell Financial Group, Inc. has a 12 month low of $22.47 and a 12 month high of $35.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $256.47 million, a PE ratio of 16.73 and a beta of 0.86.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Monday, October 28th. The bank reported $0.24 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.32. The business had revenue of $49.35 million for the quarter. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%.

Bankwell Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.45%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 41.03%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price target on Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

Institutional Investors Weigh In On Bankwell Financial Group

A number of institutional investors have recently modified their holdings of BWFG. Empowered Funds LLC raised its stake in Bankwell Financial Group by 5.0% during the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after buying an additional 938 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Bankwell Financial Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 329,246 shares of the bank’s stock valued at $8,541,000 after acquiring an additional 1,933 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Bankwell Financial Group by 42.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock valued at $124,000 after acquiring an additional 1,449 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Bankwell Financial Group by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock valued at $724,000 after acquiring an additional 1,676 shares in the last quarter. Finally, GM Advisory Group LLC raised its holdings in shares of Bankwell Financial Group by 7.7% during the second quarter. GM Advisory Group LLC now owns 89,154 shares of the bank’s stock worth $2,262,000 after purchasing an additional 6,341 shares during the period. Institutional investors and hedge funds own 35.80% of the company’s stock.

About Bankwell Financial Group

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.