Insider Buying: Bankwell Financial Group (NASDAQ:BWFG) Director Purchases 315 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Jeffrey Dunne acquired 315 shares of the stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $53.70 per share, with a total value of $16,915.50. Following the transaction, the director directly owned 6,120 shares of the company’s stock, valued at $328,644. The trade was a 5.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bankwell Financial Group Price Performance

BWFG stock traded up $0.97 during trading on Tuesday, hitting $54.97. 5,166 shares of the company’s stock traded hands, compared to its average volume of 36,974. Bankwell Financial Group, Inc. has a 52 week low of $33.85 and a 52 week high of $55.68. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. The business has a fifty day simple moving average of $51.55 and a 200 day simple moving average of $48.96. The stock has a market capitalization of $438.11 million, a price-to-earnings ratio of 11.04 and a beta of 0.62.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.41 EPS for the quarter, beating 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 analyst estimates of $30.47 million. As a group, research analysts expect that Bankwell Financial Group, Inc. will post 5.35 EPS for the current fiscal year.

Bankwell Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Friday, May 8th were given a dividend of $0.20 per share. The ex-dividend date was Friday, May 8th. This represents a $0.80 annualized dividend and a yield of 1.5%. Bankwell Financial Group’s dividend payout ratio (DPR) is 16.06%.

Institutional Investors Weigh In On Bankwell Financial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWFG. Russell Investments Group Ltd. lifted its holdings in Bankwell Financial Group by 585.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after buying an additional 585 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Bankwell Financial Group by 38.8% during the 2nd 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 in the last quarter. Raymond James Financial Inc. bought a new stake in Bankwell Financial Group during the 2nd quarter valued at about $63,000. Tower Research Capital LLC TRC lifted its holdings in Bankwell Financial Group by 523.4% during the 2nd 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 in the last quarter. Finally, Assetmark Inc. bought a new stake in Bankwell Financial Group during the 1st quarter valued at about $146,000. Institutional investors own 35.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on BWFG shares. Weiss Ratings upgraded shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Bankwell Financial Group has a consensus 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 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.