Bankwell Financial Group (NASDAQ:BWFG) Director Jeffrey Dunne Purchases 261 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Jeffrey Dunne purchased 261 shares of Bankwell Financial Group stock in a transaction on Tuesday, September 8th. The stock was bought at an average price of $67.11 per share, for a total transaction of $17,515.71. Following the transaction, the director directly owned 6,381 shares in the company, valued at approximately $428,228.91. The trade was a 4.26% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bankwell Financial Group Trading Up 0.8%

Shares of BWFG stock opened at $66.71 on Thursday. Bankwell Financial Group, Inc. has a 1-year low of $40.44 and a 1-year high of $69.59. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. The stock has a market cap of $531.68 million, a price-to-earnings ratio of 12.47 and a beta of 0.58. The stock has a 50-day moving average of $64.19 and a 200-day moving average of $55.88.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. The company had revenue of $32.78 million for the quarter, compared to analyst estimates of $30.63 million. Bankwell Financial Group had a return on equity of 13.94% and a net margin of 19.80%. On average, equities research analysts forecast that Bankwell Financial Group, Inc. will post 5.7 earnings per share for the current year.

Bankwell Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Monday, August 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 10th. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 14.95%.

Wall Street Analysts Forecast Growth

BWFG has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Bankwell Financial Group from $62.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Zacks Research upgraded Bankwell Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings raised Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, August 13th. Finally, Hovde Group lifted their target price on Bankwell Financial Group from $51.00 to $63.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Bankwell Financial Group currently has an average rating of “Buy” and an average price target of $67.50.

Key Stories Impacting Bankwell Financial Group

Here are the key news stories impacting Bankwell Financial Group this week:

• Positive Sentiment: Director Lawrence Seidman purchased 5,266 shares at an average price of $66.94, investing approximately $352,506 and increasing his position by 2.39%. SEC filing
• Positive Sentiment: Directors Carl Porto, Blake Drexler, Jeffrey Dunne and Eric Dale also bought shares at approximately $67.11 each. Their purchases totaled 1,234 shares, or roughly $82,814, further reinforcing the positive insider-buying signal. Carl Porto SEC filing Blake Drexler SEC filing Jeffrey Dunne SEC filing Eric Dale SEC filing

Hedge Funds Weigh In On Bankwell Financial Group

Several institutional investors have recently made changes to their positions in BWFG. Empowered Funds LLC boosted its position in shares of Bankwell Financial Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock worth $642,000 after purchasing an additional 702 shares in the last quarter. Jane Street Group LLC bought a new stake in Bankwell Financial Group in the 1st quarter valued at about $250,000. Strs Ohio bought a new stake in Bankwell Financial Group in the 1st quarter valued at about $148,000. Geode Capital Management LLC raised its stake in Bankwell Financial Group by 5.4% during 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 during the period. Finally, Rhumbline Advisers raised its stake in Bankwell Financial Group by 15.2% during the 2nd quarter. Rhumbline Advisers now owns 10,119 shares of the bank’s stock worth $365,000 after buying an additional 1,335 shares during the period. Institutional investors and hedge funds own 35.80% of the company’s stock.

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.