Carl Porto Purchases 393 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Carl Porto bought 393 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $46.00 per share, for a total transaction of $18,078.00. Following the completion of the acquisition, the director directly owned 21,700 shares in the company, valued at $998,200. The trade was a 1.84% 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 this hyperlink.

Bankwell Financial Group Trading Down 1.7%

Shares of NASDAQ BWFG traded down $0.80 during midday trading on Monday, reaching $45.52. 7,401 shares of the stock were exchanged, compared to its average volume of 29,672. The stock has a market capitalization of $363.25 million, a P/E ratio of 10.25 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day simple moving average of $47.84 and a 200 day simple moving average of $45.84. Bankwell Financial Group, Inc. has a twelve month low of $26.39 and a twelve month high of $51.54.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings data on Thursday, January 29th. The bank reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.16. The firm had revenue of $30.32 million for the quarter, compared to analysts’ expectations of $28.06 million. Bankwell Financial Group had a return on equity of 12.21% and a net margin of 16.94%.

Bankwell Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, February 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. Bankwell Financial Group’s dividend payout ratio is currently 18.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BWFG. Hovde Group boosted their price objective on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Wall Street Zen cut shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods boosted their target price 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bankwell Financial Group in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Hedge Funds Weigh In On Bankwell Financial Group

Institutional investors have recently modified their holdings of the business. Empowered Funds LLC raised its stake in shares of Bankwell Financial Group by 3.4% in the first quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock valued at $642,000 after acquiring an additional 702 shares in the last quarter. Jane Street Group LLC purchased a new stake in Bankwell Financial Group during the 1st quarter worth about $250,000. Strs Ohio purchased a new stake in Bankwell Financial Group during the 1st quarter worth about $148,000. Acadian Asset Management LLC boosted its stake in shares of Bankwell Financial Group by 5.5% in the 2nd quarter. Acadian Asset Management LLC now owns 93,233 shares of the bank’s stock valued at $3,357,000 after buying an additional 4,890 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Bankwell Financial Group by 5.4% during the second quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock worth $5,744,000 after buying an additional 8,178 shares in the last quarter. Institutional investors and hedge funds own 35.80% of the company’s stock.

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.