Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells 454 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 454 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $28.98, for a total transaction of $13,156.92. Following the completion of the sale, the executive vice president now directly owns 2,355 shares in the company, valued at approximately $68,247.90. This trade represents a 16.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bankwell Financial Group Price Performance

Shares of NASDAQ:BWFG traded up $0.29 during trading hours on Monday, hitting $29.62. 8,095 shares of the company’s stock traded hands, compared to its average volume of 13,748. Bankwell Financial Group, Inc. has a 52 week low of $22.47 and a 52 week high of $35.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day simple moving average is $30.41 and its two-hundred day simple moving average is $30.62. The company has a market cap of $234.21 million, a price-to-earnings ratio of 25.10 and a beta of 0.95.

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

Bankwell Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is 67.80%.

Wall Street Analyst Weigh In

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

Institutional Trading of Bankwell Financial Group

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its position in Bankwell Financial Group by 655.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,357 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Bankwell Financial Group by 60.9% in the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after purchasing an additional 715 shares during the period. Deutsche Bank AG bought a new position in shares of Bankwell Financial Group in the fourth quarter valued at approximately $104,000. Mackenzie Financial Corp acquired a new stake in shares of Bankwell Financial Group in the fourth quarter worth $281,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Bankwell Financial Group by 164.5% in the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after acquiring an additional 7,238 shares during the last quarter. 35.80% of the stock is owned by hedge funds and other 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.