Bankwell Financial Group (NASDAQ:BWFG) Director Buys $171,171.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Lawrence Seidman bought 3,300 shares of the company’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $51.87 per share, for a total transaction of $171,171.00. Following the transaction, the director directly owned 218,756 shares in the company, valued at approximately $11,346,873.72. This represents a 1.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bankwell Financial Group Stock Performance

BWFG stock traded up $0.67 during midday trading on Tuesday, reaching $52.47. The stock had a trading volume of 73,442 shares, compared to its average volume of 32,513. The stock has a market cap of $418.30 million, a PE ratio of 10.50 and a beta of 0.63. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a fifty day simple moving average of $51.00 and a two-hundred day simple moving average of $48.67. Bankwell Financial Group, Inc. has a 52-week low of $33.85 and a 52-week high of $53.86.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 13.31% and a net margin of 18.71%. As a group, equities research analysts anticipate that Bankwell Financial Group, Inc. will post 5.35 EPS for the current year.

Bankwell Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. Bankwell Financial Group’s dividend payout ratio is currently 16.06%.

Institutional Trading of Bankwell Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWFG. Hillsdale Investment Management Inc. acquired a new stake in Bankwell Financial Group during the third quarter valued at approximately $4,280,000. Sei Investments Co. lifted its stake in Bankwell Financial Group by 111.4% during the first quarter. Sei Investments Co. now owns 41,342 shares of the bank’s stock valued at $2,006,000 after purchasing an additional 21,786 shares during the last quarter. Nuveen LLC lifted its stake in Bankwell Financial Group by 73.6% during the fourth quarter. Nuveen LLC now owns 42,776 shares of the bank’s stock valued at $1,960,000 after purchasing an additional 18,130 shares during the last quarter. Focus Partners Wealth acquired a new stake in Bankwell Financial Group during the third quarter valued at approximately $759,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Bankwell Financial Group during the third quarter valued at approximately $695,000. 35.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BWFG has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Wall Street Zen downgraded shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings raised shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Finally, Hovde Group increased their target price on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Bankwell Financial Group Company Profile

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.