Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Sells 942 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 942 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.63, for a total transaction of $30,737.46. Following the completion of the transaction, the executive vice president now owns 16,047 shares in the company, valued at $523,613.61. This represents a 5.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Bankwell Financial Group Stock Performance

NASDAQ:BWFG opened at $30.99 on Thursday. The stock has a market cap of $243.58 million, a P/E ratio of 26.26 and a beta of 0.87. The firm’s fifty day simple moving average is $30.98 and its 200 day simple moving average is $30.02. Bankwell Financial Group, Inc. has a twelve month low of $22.47 and a twelve month high of $35.25. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 67.80%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their target price on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

Institutional Trading of Bankwell Financial Group

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in Bankwell Financial Group by 60.9% in the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after acquiring an additional 715 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Bankwell Financial Group by 164.5% during the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock valued at $349,000 after buying an additional 7,238 shares during the period. Empowered Funds LLC lifted its position in Bankwell Financial Group by 5.0% during the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after buying an additional 938 shares during the period. SeaCrest Wealth Management LLC purchased a new position in Bankwell Financial Group during the fourth quarter valued at $624,000. Finally, Barclays PLC lifted its position in Bankwell Financial Group by 47.7% during the third quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after buying an additional 6,710 shares during the period. Institutional investors own 35.80% of the company’s stock.

About Bankwell Financial Group

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.