Jeffrey Dunne Acquires 315 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Jeffrey Dunne purchased 315 shares of the business’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $53.70 per share, for a total transaction of $16,915.50. Following the purchase, the director owned 6,120 shares of the company’s stock, valued at approximately $328,644. This represents a 5.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bankwell Financial Group Stock Up 0.8%

Bankwell Financial Group stock opened at $55.75 on Thursday. The company has a 50 day moving average of $51.86 and a 200-day moving average of $49.12. 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 twelve month low of $33.85 and a twelve month high of $56.40. The stock has a market capitalization of $444.49 million, a PE ratio of 11.19 and a beta of 0.62.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.18. The business had revenue of $30.23 million for 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, equities research analysts anticipate that Bankwell Financial Group, Inc. will post 5.35 EPS for the current fiscal year.

Bankwell Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Friday, May 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 16.06%.

Institutional Investors Weigh In On Bankwell Financial Group

Hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Bankwell Financial Group by 1.3% in the third quarter. Barclays PLC now owns 24,040 shares of the bank’s stock valued at $1,064,000 after buying an additional 307 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Bankwell Financial Group by 38.8% in the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after buying an additional 314 shares in the last quarter. GM Advisory Group LLC raised its position in shares of Bankwell Financial Group by 0.4% in the first quarter. GM Advisory Group LLC now owns 106,498 shares of the bank’s stock valued at $5,167,000 after buying an additional 439 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Bankwell Financial Group by 585.0% in the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after buying an additional 585 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Bankwell Financial Group by 3.4% in the first quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock valued at $642,000 after buying an additional 702 shares in the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BWFG. Weiss Ratings raised Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Wall Street Zen cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.