Kevin D. Leitao Buys 2,000 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Kevin D. Leitao acquired 2,000 shares of the company’s stock in a transaction on Monday, January 27th. The stock was bought at an average cost of $30.38 per share, with a total value of $60,760.00. Following the completion of the acquisition, the director now directly owns 4,500 shares in the company, valued at approximately $136,710. This represents a 80.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Bankwell Financial Group Price Performance

Shares of NASDAQ:BWFG opened at $31.25 on Thursday. The firm has a 50 day moving average of $31.34 and a 200-day moving average of $29.63. Bankwell Financial Group, Inc. has a 12 month low of $22.47 and a 12 month high of $35.25. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $245.59 million, a PE ratio of 26.48 and a beta of 0.88.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 EPS 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 67.80%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Bankwell Financial Group by 0.6% in the 3rd quarter. State Street Corp now owns 78,017 shares of the bank’s stock valued at $2,337,000 after purchasing an additional 500 shares in the last quarter. GM Advisory Group LLC lifted its stake in Bankwell Financial Group by 0.7% in the 3rd quarter. GM Advisory Group LLC now owns 89,807 shares of the bank’s stock valued at $2,690,000 after purchasing an additional 653 shares during the last quarter. BNP Paribas Financial Markets boosted its position 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 buying an additional 715 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bankwell Financial Group by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock worth $7,100,000 after buying an additional 755 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Bankwell Financial Group by 4.7% during the fourth quarter. Empowered Funds LLC now owns 20,560 shares of the bank’s stock worth $640,000 after buying an additional 918 shares in the last quarter. Institutional investors own 35.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.