Bankwell Financial Group (NASDAQ:BWFG) Insider Sells $149,898.04 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Ryan Jason Hildebrand sold 2,246 shares of Bankwell Financial Group stock in a transaction on Friday, July 31st. The stock was sold at an average price of $66.74, for a total transaction of $149,898.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryan Jason Hildebrand also recently made the following trade(s):

• On Wednesday, July 1st, Ryan Jason Hildebrand sold 1,088 shares of Bankwell Financial Group stock. The shares were sold at an average price of $58.48, for a total transaction of $63,626.24.

Bankwell Financial Group Trading Up 0.4%

BWFG traded up $0.26 during trading on Tuesday, hitting $67.78. 28,276 shares of the stock traded hands, compared to its average volume of 50,652. The firm has a market capitalization of $540.17 million, a P/E ratio of 12.65 and a beta of 0.59. Bankwell Financial Group, Inc. has a 12-month low of $38.89 and a 12-month high of $69.59. 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 firm has a 50-day moving average of $58.03 and a 200 day moving average of $52.42.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. The firm had revenue of $32.78 million for the quarter, compared to analysts’ expectations of $30.63 million. Bankwell Financial Group had a net margin of 19.80% and a return on equity of 14.19%. Equities research analysts anticipate that Bankwell Financial Group, Inc. will post 5.7 EPS for the current year.

Bankwell Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 14.95%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Sei Investments Co. grew its stake in shares of Bankwell Financial Group by 111.4% in the 1st quarter. Sei Investments Co. now owns 41,342 shares of the bank’s stock worth $2,006,000 after buying an additional 21,786 shares during the last quarter. Nuveen LLC raised its stake in Bankwell Financial Group by 73.6% during the fourth quarter. Nuveen LLC now owns 42,776 shares of the bank’s stock valued at $1,960,000 after buying an additional 18,130 shares during the last quarter. Focus Partners Wealth purchased a new position in Bankwell Financial Group during the third quarter valued at $759,000. Two Sigma Investments LP bought a new stake in Bankwell Financial Group in the third quarter worth $695,000. Finally, Trexquant Investment LP boosted its holdings in Bankwell Financial Group by 57.4% in the fourth quarter. Trexquant Investment LP now owns 39,486 shares of the bank’s stock worth $1,809,000 after acquiring an additional 14,407 shares in the last quarter. 35.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Bankwell Financial Group from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Weiss Ratings cut Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Zacks Research upgraded Bankwell Financial Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Wall Street Zen lowered Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Hovde Group lifted their price target on shares of Bankwell Financial Group from $51.00 to $63.00 and gave the company a “market perform” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bankwell Financial Group presently has a consensus rating of “Buy” and a consensus target price of $67.50.

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.