Todd Lampert Sells 3,500 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Todd Lampert sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $53.59, for a total value of $187,565.00. Following the sale, the director owned 12,366 shares of the company’s stock, valued at approximately $662,693.94. This trade represents a 22.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bankwell Financial Group Price Performance

Shares of NASDAQ BWFG opened at $55.31 on Wednesday. Bankwell Financial Group, Inc. has a fifty-two week low of $33.85 and a fifty-two week high of $55.68. The business has a 50 day moving average price of $51.71 and a two-hundred day moving average price of $49.04. 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 firm has a market cap of $440.82 million, a PE ratio of 11.11 and a beta of 0.62.

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

Bankwell Financial Group Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Bankwell Financial Group by 3.9% in the 3rd 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 in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bankwell Financial Group by 1.5% in the 1st 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Bankwell Financial Group by 5.4% in the 2nd 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 in the last quarter. Siena Capital Partners GP LLC grew its position in shares of Bankwell Financial Group by 5.3% in the 3rd 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 in the last quarter. Finally, State Street Corp boosted its position in Bankwell Financial Group by 5.6% during the 4th quarter. State Street Corp now owns 115,711 shares of the bank’s stock valued at $5,302,000 after purchasing an additional 6,138 shares during the period. Institutional investors and hedge funds own 35.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings upgraded Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Wall Street Zen lowered Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently 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.