Bankwell Financial Group (NASDAQ:BWFG) Director Lawrence Seidman Acquires 1,930 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Lawrence Seidman purchased 1,930 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $50.11 per share, with a total value of $96,712.30. Following the completion of the transaction, the director owned 217,714 shares of the company’s stock, valued at approximately $10,909,648.54. The trade was a 0.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bankwell Financial Group Stock Performance

Shares of Bankwell Financial Group stock traded up $0.59 during midday trading on Thursday, hitting $51.08. The company had a trading volume of 2,402 shares, compared to its average volume of 36,610. The stock has a market cap of $407.26 million, a price-to-earnings ratio of 10.26 and a beta of 0.63. 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 company has a fifty day simple moving average of $49.68 and a 200 day simple moving average of $47.92. Bankwell Financial Group, Inc. has a 12-month low of $33.26 and a 12-month high of $53.86.

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

Bankwell Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Friday, May 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. Bankwell Financial Group’s payout ratio is presently 16.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Hovde Group upped their price objective on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Wall Street Zen cut shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Weiss Ratings upgraded shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Institutional Investors Weigh In On Bankwell Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. purchased a new position in shares of Bankwell Financial Group in the third quarter valued at $4,280,000. CWM LLC increased its position in Bankwell Financial Group by 71.8% during the 3rd quarter. CWM LLC now owns 1,041 shares of the bank’s stock worth $46,000 after purchasing an additional 435 shares in the last quarter. Assetmark Inc. purchased a new stake in Bankwell Financial Group during the 1st quarter worth about $146,000. Hsbc Holdings PLC increased its position in Bankwell Financial Group by 4.9% during the 1st quarter. Hsbc Holdings PLC now owns 19,870 shares of the bank’s stock worth $967,000 after purchasing an additional 932 shares in the last quarter. Finally, GM Advisory Group LLC increased its position in Bankwell Financial Group by 0.4% during the 1st quarter. GM Advisory Group LLC now owns 106,498 shares of the bank’s stock worth $5,167,000 after purchasing an additional 439 shares in the last quarter. Institutional investors and hedge funds own 35.80% of the company’s stock.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

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.