Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Eric J. Dale acquired 346 shares of Bankwell Financial Group stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average price of $32.91 per share, for a total transaction of $11,386.86. Following the completion of the acquisition, the director now owns 37,807 shares in the company, valued at $1,244,228.37. This trade represents a 0.92 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Bankwell Financial Group Stock Down 0.0 %
Shares of NASDAQ:BWFG opened at $32.63 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $256.47 million, a PE ratio of 16.73 and a beta of 0.86. The firm's 50-day moving average is $30.85 and its two-hundred day moving average is $28.09. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $35.25.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.32. The company had revenue of $49.35 million for the quarter. Bankwell Financial Group had a net margin of 7.77% and a return on equity of 5.74%.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis 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%.
Hedge Funds Weigh In On Bankwell Financial Group
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Bankwell Financial Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 329,246 shares of the bank's stock worth $8,541,000 after buying an additional 1,933 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bankwell Financial Group by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank's stock worth $7,100,000 after buying an additional 755 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Bankwell Financial Group by 3.8% during the third quarter. Geode Capital Management LLC now owns 147,342 shares of the bank's stock worth $4,413,000 after buying an additional 5,438 shares in the last quarter. GM Advisory Group LLC grew its position in shares of Bankwell Financial Group by 0.7% during the third quarter. GM Advisory Group LLC now owns 89,807 shares of the bank's stock worth $2,690,000 after buying an additional 653 shares in the last quarter. Finally, State Street Corp grew its position in shares of Bankwell Financial Group by 0.6% during the third quarter. State Street Corp now owns 78,017 shares of the bank's stock worth $2,337,000 after buying an additional 500 shares in the last quarter. 35.80% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods boosted their price target on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th.
Read Our Latest Report on Bankwell Financial Group
About Bankwell Financial Group
(
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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