Bankwell Financial Group (NASDAQ:BWFG) Insider Ryan Jason Hildebrand Sells 1,088 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Ryan Jason Hildebrand sold 1,088 shares of Bankwell Financial Group stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $58.48, for a total value of $63,626.24. Following the completion of the transaction, the insider owned 2,246 shares of the company’s stock, valued at approximately $131,346.08. This trade represents a 32.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Bankwell Financial Group Trading Up 2.5%

Shares of BWFG opened at $60.24 on Thursday. The company’s fifty day simple moving average is $53.58 and its 200-day simple moving average is $50.22. The company has a market cap of $480.11 million, a P/E ratio of 12.10 and a beta of 0.61. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. Bankwell Financial Group, Inc. has a twelve month low of $36.22 and a twelve month high of $60.46.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.18. The firm had revenue of $30.23 million during the quarter, compared to analysts’ expectations of $30.47 million. Bankwell Financial Group had a net margin of 18.71% and a return on equity of 13.31%. As a group, analysts expect that Bankwell Financial Group, Inc. will post 5.35 EPS for the current 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 issued a $0.20 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Bankwell Financial Group’s dividend payout ratio is presently 16.06%.

Institutional Investors Weigh In On Bankwell Financial Group

Several hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in Bankwell Financial Group by 585.0% during the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock worth $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 second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after purchasing an additional 314 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Bankwell Financial Group in the 2nd quarter worth about $63,000. Tower Research Capital LLC TRC increased its position 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 worth $72,000 after purchasing an additional 1,675 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in Bankwell Financial Group in the 1st quarter valued at about $146,000. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings downgraded Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 24th. Wall Street Zen downgraded Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.00.

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.