Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily Sells 942 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 942 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.63, for a total value of $30,737.46. Following the sale, the executive vice president now owns 16,047 shares of the company’s stock, valued at $523,613.61. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Bankwell Financial Group Trading Up 0.1 %

Shares of Bankwell Financial Group stock traded up $0.03 during trading hours on Monday, hitting $31.62. The company’s stock had a trading volume of 3,546 shares, compared to its average volume of 15,027. Bankwell Financial Group, Inc. has a twelve month low of $22.47 and a twelve month high of $35.25. The firm has a fifty day moving average of $31.07 and a 200-day moving average of $29.95. The stock has a market cap of $248.53 million, a price-to-earnings ratio of 26.80 and a beta of 0.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio is currently 67.80%.

Institutional Investors Weigh In On Bankwell Financial Group

Hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after acquiring an additional 6,710 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Bankwell Financial Group by 164.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after acquiring an additional 7,238 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Bankwell Financial Group by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock worth $4,413,000 after acquiring an additional 5,438 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Bankwell Financial Group during the 4th quarter worth about $624,000. Finally, State Street Corp raised its position in shares of Bankwell Financial Group by 0.6% during the 3rd quarter. State Street Corp now owns 78,017 shares of the bank’s stock worth $2,337,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 35.80% of the company’s stock.

Wall Street Analyst Weigh In

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

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.