Bankwell Financial Group (NASDAQ:BWFG) Director Jeffrey Dunne Acquires 315 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Jeffrey Dunne bought 315 shares of the company’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $53.70 per share, for a total transaction of $16,915.50. Following the transaction, the director directly owned 6,120 shares in the company, valued at approximately $328,644. This represents a 5.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bankwell Financial Group Trading Up 2.4%

NASDAQ BWFG opened at $55.31 on Wednesday. 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. The company has a 50 day moving average price of $51.71 and a 200 day moving average price of $49.04. Bankwell Financial Group, Inc. has a 52 week low of $33.85 and a 52 week high of $55.68.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.23 by $0.18. The firm had revenue of $30.23 million during the quarter, compared to analyst estimates of $30.47 million. Bankwell Financial Group had a net margin of 18.71% and a return on equity of 13.31%. As a group, sell-side analysts forecast that Bankwell Financial Group, Inc. will post 5.35 EPS 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. Stockholders of record on Friday, May 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 16.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BWFG shares. Wall Street Zen cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings raised Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $52.00.

Hedge Funds Weigh In On Bankwell Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Bankwell Financial Group by 585.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock worth $30,000 after acquiring an additional 585 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Bankwell Financial Group by 38.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock worth $40,000 after acquiring an additional 314 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Bankwell Financial Group in the 2nd quarter worth $63,000. Tower Research Capital LLC TRC raised its stake in Bankwell Financial Group by 523.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock worth $72,000 after acquiring an additional 1,675 shares during the last quarter. Finally, Assetmark Inc. purchased a new position in Bankwell Financial Group in the 1st quarter worth $146,000. Hedge funds and other institutional investors own 35.80% of the company’s stock.

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.