Bankwell Financial Group (NASDAQ:BWFG) Director Todd Lampert Sells 3,500 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Todd Lampert sold 3,500 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $53.59, for a total transaction of $187,565.00. Following the sale, the director directly owned 12,366 shares of the company’s stock, valued at $662,693.94. This represents a 22.06% 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 Trading Up 0.6%

BWFG opened at $54.00 on Tuesday. Bankwell Financial Group, Inc. has a twelve month low of $33.85 and a twelve month high of $54.42. The company has a 50-day simple moving average of $51.55 and a 200 day simple moving average of $48.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $430.38 million, a price-to-earnings ratio of 10.84 and a beta of 0.62.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.18. Bankwell Financial Group had a net margin of 18.71% and a return on equity of 13.31%. The business had revenue of $30.23 million during the quarter, compared to analysts’ expectations of $30.47 million. Analysts predict that Bankwell Financial Group, Inc. will post 5.35 EPS for the current fiscal year.

Bankwell Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 8th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 16.06%.

Analyst Ratings Changes

Several equities analysts recently commented on BWFG shares. Weiss Ratings raised shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Wall Street Zen cut shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Institutional Investors Weigh In On Bankwell Financial Group

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in Bankwell Financial Group by 585.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after acquiring an additional 585 shares during the period. BNP Paribas Financial Markets raised its stake 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 acquiring an additional 314 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Bankwell Financial Group during the second quarter valued at $63,000. Tower Research Capital LLC TRC raised its stake 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 acquiring an additional 1,675 shares during the last quarter. Finally, Assetmark Inc. bought a new position in shares of Bankwell Financial Group during the first quarter valued at $146,000. 35.80% of the stock is owned by institutional investors.

About Bankwell Financial Group

Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.

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.