Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Eric J. Dale bought 875 shares of Bankwell Financial Group stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $30.42 per share, with a total value of $26,617.50. Following the completion of the purchase, the director now directly owns 38,682 shares in the company, valued at $1,176,706.44. This trade represents a 2.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Bankwell Financial Group Stock Performance
Shares of NASDAQ BWFG opened at $29.00 on Friday. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $35.25. The firm has a market cap of $229.30 million, a P/E ratio of 24.58 and a beta of 0.95. The stock has a fifty day moving average price of $30.43 and a two-hundred day moving average price of $30.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share (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 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. Bankwell Financial Group's dividend payout ratio is currently 67.80%.
Institutional Investors Weigh In On Bankwell Financial Group
Several hedge funds have recently made changes to their positions in BWFG. Fourthstone LLC grew its position in Bankwell Financial Group by 307.5% during the 4th quarter. Fourthstone LLC now owns 105,585 shares of the bank's stock worth $3,289,000 after purchasing an additional 79,673 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of Bankwell Financial Group by 30.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 174,584 shares of the bank's stock worth $5,438,000 after buying an additional 40,458 shares during the period. Northeast Financial Consultants Inc purchased a new position in shares of Bankwell Financial Group during the fourth quarter valued at $682,000. SeaCrest Wealth Management LLC acquired a new position in Bankwell Financial Group during the fourth quarter valued at $624,000. Finally, Kennedy Capital Management LLC lifted its stake in Bankwell Financial Group by 60.8% in the 4th quarter. Kennedy Capital Management LLC now owns 36,312 shares of the bank's stock worth $1,131,000 after acquiring an additional 13,733 shares in the last quarter. Hedge funds and other institutional investors own 35.80% of the company's stock.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods lifted their price objective 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.
Check Out 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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