Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Kevin D. Leitao Acquires 2,500 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Kevin D. Leitao purchased 2,500 shares of the business’s stock in a transaction on Monday, July 29th. The stock was bought at an average cost of $26.83 per share, for a total transaction of $67,075.00. Following the purchase, the director now owns 2,500 shares of the company’s stock, valued at approximately $67,075. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Bankwell Financial Group Stock Performance

Shares of BWFG stock opened at $28.15 on Thursday. The company’s fifty day simple moving average is $24.91 and its 200-day simple moving average is $25.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.59. The firm has a market cap of $222.39 million, a PE ratio of 7.33 and a beta of 0.83. Bankwell Financial Group, Inc. has a 12 month low of $22.47 and a 12 month high of $30.83.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $48.36 million for the quarter. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.78%.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. Bankwell Financial Group’s payout ratio is 20.83%.

Hedge Funds Weigh In On Bankwell Financial Group

Institutional investors have recently added to or reduced their stakes in the company. AJOVista LLC acquired a new position in shares of Bankwell Financial Group in the fourth quarter valued at about $67,000. BNP Paribas Financial Markets grew its stake in shares of Bankwell Financial Group by 119.9% in the first quarter. BNP Paribas Financial Markets now owns 2,901 shares of the bank’s stock valued at $75,000 after acquiring an additional 1,582 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Bankwell Financial Group by 42.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock valued at $124,000 after acquiring an additional 1,449 shares in the last quarter. Carl P. Sherr & Co. LLC acquired a new position in shares of Bankwell Financial Group in the fourth quarter valued at about $241,000. Finally, Bridge City Capital LLC grew its stake in shares of Bankwell Financial Group by 17.9% in the first quarter. Bridge City Capital LLC now owns 11,718 shares of the bank’s stock valued at $304,000 after acquiring an additional 1,780 shares in the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Bankwell Financial Group from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Tuesday.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.