Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner Sells 1,330 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 1,330 shares of Bankwell Financial Group stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $32.98, for a total transaction of $43,863.40. Following the completion of the transaction, the executive vice president now owns 3,002 shares of the company’s stock, valued at $99,005.96. The trade was a 30.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bankwell Financial Group Price Performance

NASDAQ:BWFG traded down $0.29 during mid-day trading on Tuesday, hitting $32.83. 3,013 shares of the stock traded hands, compared to its average volume of 13,714. The business’s 50-day moving average price is $31.16 and its 200 day moving average price is $28.33. The company has a market cap of $258.01 million, a PE ratio of 16.84 and a beta of 0.86. Bankwell Financial Group, Inc. has a 12-month low of $22.47 and a 12-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 issued its quarterly earnings data on Monday, October 28th. The bank reported $0.24 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.32. Bankwell Financial Group had a net margin of 7.77% and a return on equity of 5.74%. The company had revenue of $49.35 million during the quarter.

Bankwell Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.44%. Bankwell Financial Group’s dividend payout ratio is presently 41.03%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

Hedge Funds Weigh In On Bankwell Financial Group

A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake 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 worth $57,000 after buying an additional 715 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Bankwell Financial Group by 42.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock worth $124,000 after purchasing an additional 1,449 shares during the last quarter. Empowered Funds LLC boosted 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. Barclays PLC boosted 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. Finally, Bank of New York Mellon Corp grew its stake in shares of Bankwell Financial Group by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock valued at $724,000 after buying an additional 1,676 shares during the last quarter. 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.