Darryl Demos Buys 2,290 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Darryl Demos purchased 2,290 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $32.61 per share, with a total value of $74,676.90. Following the transaction, the director now directly owns 8,156 shares of the company’s stock, valued at $265,967.16. The trade was a 39.04 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Bankwell Financial Group Stock Performance

NASDAQ BWFG opened at $32.47 on Wednesday. The business’s 50-day simple moving average is $31.16 and its 200-day simple moving average is $28.33. The firm has a market capitalization of $255.18 million, a P/E ratio of 16.65 and a beta of 0.86. Bankwell Financial Group, Inc. has a 1-year low of $22.47 and a 1-year high of $35.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Monday, October 28th. The bank reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $49.35 million for the quarter.

Bankwell Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were issued a $0.20 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a yield of 2.46%. Bankwell Financial Group’s dividend payout ratio is currently 41.03%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in shares of 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 during the period. Allspring Global Investments Holdings LLC lifted its position in Bankwell Financial Group by 42.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock worth $124,000 after acquiring an additional 1,449 shares in the last quarter. Empowered Funds LLC lifted its position in Bankwell Financial Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock worth $588,000 after acquiring an additional 938 shares in the last quarter. Barclays PLC grew its position in Bankwell Financial Group by 47.7% in the third quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after acquiring an additional 6,710 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Bankwell Financial Group by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock valued at $724,000 after acquiring an additional 1,676 shares in the last quarter. 35.80% of the stock is owned by hedge funds and other institutional investors.

Bankwell Financial Group Company Profile

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.