Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Eric J. Dale purchased 339 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were purchased at an average price of $32.90 per share, for a total transaction of $11,153.10. Following the completion of the acquisition, the director now directly owns 37,461 shares in the company, valued at $1,232,466.90. The trade was a 0.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Bankwell Financial Group Stock Performance
Shares of Bankwell Financial Group stock opened at $32.64 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock's fifty day moving average is $30.78 and its two-hundred day moving average is $28.03. Bankwell Financial Group, Inc. has a 52 week low of $22.47 and a 52 week high of $35.25. The company has a market capitalization of $256.55 million, a PE ratio of 16.74 and a beta of 0.86.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.24 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.32. Bankwell Financial Group had a net margin of 7.77% and a return on equity of 5.74%. The firm had revenue of $49.35 million for the quarter.
Bankwell Financial Group Dividend Announcement
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The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Friday, November 8th. Bankwell Financial Group's dividend payout ratio is presently 41.03%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in Bankwell Financial Group by 60.9% during the 3rd 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 in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Bankwell Financial Group by 42.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank's stock valued at $124,000 after acquiring an additional 1,449 shares in the last quarter. Empowered Funds LLC lifted its stake in Bankwell Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank's stock worth $588,000 after acquiring an additional 938 shares during the period. Barclays PLC grew its holdings in Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank's stock worth $623,000 after acquiring an additional 6,710 shares in the last quarter. Finally, Fourthstone LLC purchased a new position in Bankwell Financial Group during the 3rd quarter valued at about $776,000. Institutional investors own 35.80% of the company's stock.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods boosted their target price on Bankwell Financial Group from $36.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th.
Check Out Our Latest Stock Analysis on Bankwell Financial Group
Bankwell Financial Group Company Profile
(
Get Free Report)
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.
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