Christine Chivily Sells 4,321 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 4,321 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $52.16, for a total value of $225,383.36. Following the transaction, the executive vice president directly owned 11,865 shares in the company, valued at $618,878.40. This represents a 26.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Christine Chivily also recently made the following trade(s):

• On Monday, February 9th, Christine Chivily sold 1,985 shares of Bankwell Financial Group stock. The shares were sold at an average price of $49.80, for a total value of $98,853.00.

Bankwell Financial Group Stock Performance

Shares of NASDAQ BWFG traded down $0.67 during trading on Monday, reaching $51.50. 17,784 shares of the stock traded hands, compared to its average volume of 36,886. The company has a 50-day moving average of $49.14 and a 200-day moving average of $47.47. The stock has a market capitalization of $410.42 million, a P/E ratio of 10.34 and a beta of 0.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group, Inc. has a 52-week low of $33.20 and a 52-week high of $53.86.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.18. The business had revenue of $30.23 million for the quarter, compared to analysts’ expectations of $30.47 million. Bankwell Financial Group had a return on equity of 13.53% and a net margin of 18.71%. Analysts forecast that Bankwell Financial Group, Inc. will post 5.35 EPS for the current fiscal year.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Friday, May 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 16.06%.

Hedge Funds Weigh In On Bankwell Financial Group

Several institutional investors have recently modified their holdings of BWFG. Empowered Funds LLC grew its position in Bankwell Financial Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock worth $642,000 after acquiring an additional 702 shares during the last quarter. Jane Street Group LLC bought a new position in Bankwell Financial Group during the 1st quarter worth approximately $250,000. Strs Ohio bought a new position in Bankwell Financial Group during the 1st quarter worth approximately $148,000. Geode Capital Management LLC grew its position in Bankwell Financial Group by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock worth $5,744,000 after acquiring an additional 8,178 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Bankwell Financial Group by 15.2% during the 2nd quarter. Rhumbline Advisers now owns 10,119 shares of the bank’s stock worth $365,000 after acquiring an additional 1,335 shares during the last quarter. 35.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BWFG has been the topic of several recent analyst reports. Wall Street Zen cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Sunday. Hovde Group increased their price objective on Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.