Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Steven H. Brunner sold 1,330 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.98, for a total value of $43,863.40. Following the completion of the sale, the executive vice president now directly owns 3,002 shares of the company's stock, valued at $99,005.96. The trade was a 30.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Bankwell Financial Group Trading Down 2.0 %
NASDAQ:BWFG opened at $32.47 on Wednesday. Bankwell Financial Group, Inc. has a 52 week low of $22.47 and a 52 week high of $35.25. The firm has a 50-day moving average price of $31.16 and a two-hundred day moving average price of $28.33. 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 firm has a market cap of $255.18 million, a price-to-earnings ratio of 16.65 and a beta of 0.86.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.24 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.32. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%. The company had revenue of $49.35 million during the quarter.
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The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Friday, November 8th. Bankwell Financial Group's payout ratio is 41.03%.
Hedge Funds Weigh In On Bankwell Financial Group
Several institutional investors have recently added to or reduced their stakes in BWFG. Barclays PLC raised its position in Bankwell Financial Group by 47.7% in the third quarter. Barclays PLC now owns 20,781 shares of the bank's stock worth $623,000 after acquiring an additional 6,710 shares during the period. Geode Capital Management LLC increased its stake in shares of Bankwell Financial Group by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 147,342 shares of the bank's stock worth $4,413,000 after purchasing an additional 5,438 shares during the last quarter. State Street Corp raised its holdings in shares of Bankwell Financial Group by 0.6% in the 3rd quarter. State Street Corp now owns 78,017 shares of the bank's stock worth $2,337,000 after purchasing an additional 500 shares during the period. Fourthstone LLC bought a new stake in shares of Bankwell Financial Group in the 3rd quarter worth approximately $776,000. Finally, BNP Paribas Financial Markets lifted its stake in 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 last quarter. Institutional investors own 35.80% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods upped their target price 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.
View Our Latest Report 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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