Courtney E. Sacchetti Sells 445 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Courtney E. Sacchetti sold 445 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.66, for a total value of $14,533.70. Following the sale, the chief financial officer now directly owns 2,043 shares of the company’s stock, valued at $66,724.38. This trade represents a 17.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bankwell Financial Group Stock Down 0.3 %

BWFG opened at $31.47 on Wednesday. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. The business has a 50-day moving average of $31.04 and a 200-day moving average of $29.98. 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 company has a market capitalization of $247.35 million, a PE ratio of 26.67 and a beta of 0.87.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Tuesday, February 11th. Bankwell Financial Group’s payout ratio is 67.80%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price target 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.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its stake in shares of Bankwell Financial Group by 60.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after acquiring an additional 715 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Bankwell Financial Group by 164.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock valued at $349,000 after acquiring an additional 7,238 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Bankwell Financial Group by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after acquiring an additional 938 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in Bankwell Financial Group in the 4th quarter worth approximately $624,000. Finally, Barclays PLC increased its position in Bankwell Financial Group by 47.7% in the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after buying an additional 6,710 shares during the period. 35.80% of the stock is owned by institutional investors.

Bankwell Financial Group Company Profile

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.