Bankwell Financial Group (NASDAQ:BWFG) Director Carl Porto Purchases 370 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Carl Porto bought 370 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of $53.70 per share, with a total value of $19,869.00. Following the transaction, the director directly owned 22,070 shares in the company, valued at $1,185,159. This represents a 1.71% 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 BWFG opened at $55.31 on Wednesday. The firm has a 50-day moving average price of $51.71 and a 200 day moving average price of $49.04. The firm has a market capitalization of $440.82 million, a PE ratio of 11.11 and a beta of 0.62. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. Bankwell Financial Group, Inc. has a 52-week low of $33.85 and a 52-week high of $55.68.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.18. The firm had revenue of $30.23 million during the quarter, compared to analyst estimates of $30.47 million. Bankwell Financial Group had a net margin of 18.71% and a return on equity of 13.31%. On average, sell-side analysts anticipate that Bankwell Financial Group, Inc. will post 5.35 earnings per share for the current fiscal year.

Bankwell Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Friday, May 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, May 8th. Bankwell Financial Group’s dividend payout ratio is currently 16.06%.

Institutional Trading of Bankwell Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Bankwell Financial Group by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 366,963 shares of the bank’s stock worth $16,238,000 after buying an additional 13,823 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bankwell Financial Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 319,241 shares of the bank’s stock worth $15,489,000 after buying an additional 4,795 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Bankwell Financial Group by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock worth $5,744,000 after buying an additional 8,178 shares in the last quarter. Siena Capital Partners GP LLC raised its stake in shares of Bankwell Financial Group by 5.3% in the 3rd quarter. Siena Capital Partners GP LLC now owns 116,138 shares of the bank’s stock worth $5,139,000 after buying an additional 5,800 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Bankwell Financial Group by 5.6% in the 4th quarter. State Street Corp now owns 115,711 shares of the bank’s stock worth $5,302,000 after buying an additional 6,138 shares in the last quarter. Institutional investors own 35.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BWFG shares. Weiss Ratings upgraded shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.00.

About Bankwell Financial Group

Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.