Bankwell Financial Group (NASDAQ:BWFG) Director Acquires $96,712.30 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Lawrence Seidman purchased 1,930 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $50.11 per share, for a total transaction of $96,712.30. Following the acquisition, the director directly owned 217,714 shares of the company’s stock, valued at approximately $10,909,648.54. This represents a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bankwell Financial Group Price Performance

Shares of BWFG stock traded up $0.59 during mid-day trading on Thursday, hitting $51.08. The company had a trading volume of 2,402 shares, compared to its average volume of 36,610. Bankwell Financial Group, Inc. has a 52-week low of $33.26 and a 52-week high of $53.86. The stock’s 50 day moving average price is $49.68 and its 200-day moving average price is $47.92. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $407.26 million, a P/E ratio of 10.26 and a beta of 0.63.

Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Wednesday, April 22nd. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.23 by $0.18. The firm had revenue of $30.23 million for the quarter, compared to the consensus estimate of $30.47 million. Bankwell Financial Group had a net margin of 18.71% and a return on equity of 13.31%. Equities research analysts forecast that Bankwell Financial Group, Inc. will post 5.35 earnings per share for the current year.

Bankwell Financial Group Announces Dividend

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

Analyst Upgrades and Downgrades

BWFG has been the topic of a number of analyst reports. Wall Street Zen cut shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Hovde Group upped 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 report on Monday, February 2nd. Keefe, Bruyette & Woods upped 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. Finally, Weiss Ratings upgraded shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bankwell Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Hedge Funds Weigh In On Bankwell Financial Group

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in Bankwell Financial Group by 585.0% during the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after buying an additional 585 shares during the period. CWM LLC lifted its position in shares of Bankwell Financial Group by 71.8% during the third quarter. CWM LLC now owns 1,041 shares of the bank’s stock valued at $46,000 after buying an additional 435 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Bankwell Financial Group by 38.8% during the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after buying an additional 314 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bankwell Financial Group during the second quarter valued at about $63,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Bankwell Financial Group by 523.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock valued at $72,000 after buying an additional 1,675 shares during the last quarter. 35.80% of the stock is owned by hedge funds and other institutional investors.

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.