Bankwell Financial Group (NASDAQ:BWFG) Director Lawrence Seidman Buys 1,600 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Lawrence Seidman acquired 1,600 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average cost of $48.11 per share, for a total transaction of $76,976.00. Following the acquisition, the director owned 195,151 shares in the company, valued at approximately $9,388,714.61. This trade represents a 0.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Bankwell Financial Group Price Performance

Shares of Bankwell Financial Group stock traded up $0.48 during trading on Friday, hitting $48.90. 3,425 shares of the company’s stock traded hands, compared to its average volume of 31,022. The firm’s fifty day moving average price is $48.04 and its 200 day moving average price is $44.87. Bankwell Financial Group, Inc. has a twelve month low of $26.39 and a twelve month high of $51.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $385.32 million, a PE ratio of 10.94 and a beta of 0.70.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Thursday, January 29th. The bank reported $1.15 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.05). Bankwell Financial Group had a net margin of 16.94% and a return on equity of 12.40%. The company had revenue of $30.32 million during the quarter, compared to analyst estimates of $28.06 million.

Bankwell Financial Group Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Fourthstone LLC boosted its position in Bankwell Financial Group by 60.2% in the second quarter. Fourthstone LLC now owns 266,865 shares of the bank’s stock valued at $9,615,000 after buying an additional 100,302 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Bankwell Financial Group in the 3rd quarter valued at about $4,280,000. Nuveen LLC increased its holdings in shares of Bankwell Financial Group by 73.6% during the 4th quarter. Nuveen LLC now owns 42,776 shares of the bank’s stock worth $1,960,000 after buying an additional 18,130 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Bankwell Financial Group during the third quarter worth approximately $759,000. Finally, Two Sigma Investments LP bought a new position in shares of Bankwell Financial Group during the 3rd quarter valued at about $695,000. Institutional investors own 35.80% of the company’s stock.

Analyst Ratings Changes

BWFG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Hovde Group raised their price objective on Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.00.

Bankwell Financial Group Company Profile

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.