Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner Sells 454 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 454 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $28.98, for a total transaction of $13,156.92. Following the completion of the transaction, the executive vice president now owns 2,355 shares in the company, valued at approximately $68,247.90. This represents a 16.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bankwell Financial Group Stock Up 1.0 %

Shares of Bankwell Financial Group stock opened at $29.62 on Tuesday. The company has a market cap of $234.21 million, a price-to-earnings ratio of 25.10 and a beta of 0.95. The company’s 50 day moving average is $30.41 and its 200 day moving average is $30.62. 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 issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 annualized dividend and a yield of 2.70%. Bankwell Financial Group’s payout ratio is presently 67.80%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BWFG. Empowered Funds LLC boosted its stake in shares of 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 during the last quarter. GM Advisory Group LLC boosted its stake in shares of Bankwell Financial Group by 0.7% during the 3rd quarter. GM Advisory Group LLC now owns 89,807 shares of the bank’s stock worth $2,690,000 after acquiring an additional 653 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Bankwell Financial Group by 60.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock worth $57,000 after acquiring an additional 715 shares during the last quarter. Fourthstone LLC purchased a new position in shares of Bankwell Financial Group during the 3rd quarter worth $776,000. Finally, State Street Corp boosted its stake in shares of Bankwell Financial Group by 0.6% during the 3rd quarter. State Street Corp now owns 78,017 shares of the bank’s stock worth $2,337,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 35.80% of the company’s stock.

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.