Bankwell Financial Group (NASDAQ:BWFG) Director Buys $468,800.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Lawrence Seidman bought 10,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were acquired at an average price of $46.88 per share, with a total value of $468,800.00. Following the completion of the acquisition, the director directly owned 212,819 shares in the company, valued at $9,976,954.72. This represents a 4.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bankwell Financial Group Price Performance

BWFG traded down $0.10 during midday trading on Friday, reaching $46.83. 2,821 shares of the company’s stock were exchanged, compared to its average volume of 30,545. Bankwell Financial Group, Inc. has a 1-year low of $26.39 and a 1-year high of $51.54. The stock has a market capitalization of $373.69 million, a PE ratio of 10.52 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day moving average price is $47.88 and its 200 day moving average price is $45.93.

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

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.80 annualized dividend and a yield of 1.7%. Bankwell Financial Group’s payout ratio is presently 18.02%.

Hedge Funds Weigh In On Bankwell Financial Group

A number of large investors have recently bought and sold shares of BWFG. Fourthstone LLC boosted its holdings in shares of Bankwell Financial Group by 60.2% in the 2nd quarter. Fourthstone LLC now owns 266,865 shares of the bank’s stock valued at $9,615,000 after purchasing an additional 100,302 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Bankwell Financial Group during the 3rd quarter worth $4,280,000. Nuveen LLC raised its position in shares of Bankwell Financial Group by 73.6% in the 4th quarter. Nuveen LLC now owns 42,776 shares of the bank’s stock worth $1,960,000 after buying an additional 18,130 shares during the period. Focus Partners Wealth acquired a new position in Bankwell Financial Group in the third quarter valued at $759,000. Finally, Two Sigma Investments LP acquired a new position in Bankwell Financial Group in the third quarter valued at $695,000. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Analyst Ratings Changes

BWFG has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Bankwell Financial Group in a research report on Monday, December 29th. Wall Street Zen lowered Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Keefe, Bruyette & Woods raised their price objective on Bankwell Financial Group from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Hovde Group upped their target price on Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bankwell Financial Group presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

About Bankwell Financial Group

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.