Bankwell Financial Group (NASDAQ:BWFG) Insider Sells $189,055.02 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Matt Mcneill sold 3,794 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $49.83, for a total value of $189,055.02. Following the transaction, the insider owned 45,019 shares of the company’s stock, valued at $2,243,296.77. This trade represents a 7.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bankwell Financial Group Price Performance

Bankwell Financial Group stock traded down $0.77 during mid-day trading on Wednesday, hitting $49.11. 11,555 shares of the company were exchanged, compared to its average volume of 31,537. Bankwell Financial Group, Inc. has a 1-year low of $26.39 and a 1-year high of $51.54. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $48.01 and a 200 day moving average of $44.82. The company has a market capitalization of $386.95 million, a PE ratio of 11.06 and a beta of 0.70.

Bankwell Financial Group (NASDAQ:BWFG) last announced its earnings results on Thursday, January 29th. The bank reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). The firm had revenue of $30.32 million for the quarter, compared to analyst estimates of $28.06 million. Bankwell Financial Group had a return on equity of 12.40% and a net margin of 16.94%.

Bankwell Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, February 10th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 18.02%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in Bankwell Financial Group by 3.4% in the first quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock worth $642,000 after purchasing an additional 702 shares during the period. Jane Street Group LLC bought a new stake in shares of Bankwell Financial Group in the 1st quarter valued at $250,000. Strs Ohio acquired a new stake in Bankwell Financial Group during the 1st quarter worth $148,000. Acadian Asset Management LLC lifted its holdings in Bankwell Financial Group by 5.5% during the second quarter. Acadian Asset Management LLC now owns 93,233 shares of the bank’s stock worth $3,357,000 after acquiring an additional 4,890 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Bankwell Financial Group by 5.4% in the second quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock valued at $5,744,000 after acquiring an additional 8,178 shares during the period. Institutional investors and hedge funds own 35.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BWFG. Keefe, Bruyette & Woods raised their price target on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Bankwell Financial Group in a research report on Monday, December 29th. Finally, Hovde Group lifted their price target on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.00.

About Bankwell Financial Group

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.