Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner Sells 421 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 421 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $29.60, for a total transaction of $12,461.60. Following the completion of the transaction, the executive vice president now owns 604 shares of the company’s stock, valued at $17,878.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bankwell Financial Group Price Performance

Shares of BWFG opened at $28.69 on Friday. The business has a 50-day moving average of $26.43 and a 200-day moving average of $25.27. 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 company has a market capitalization of $226.59 million, a price-to-earnings ratio of 7.47 and a beta of 0.83. Bankwell Financial Group, Inc. has a 1 year low of $22.47 and a 1 year high of $30.83.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. Bankwell Financial Group had a net margin of 11.76% and a return on equity of 8.76%. The firm had revenue of $48.36 million during the quarter.

Bankwell Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.80 annualized dividend and a yield of 2.79%. Bankwell Financial Group’s payout ratio is 20.83%.

Institutional Trading of Bankwell Financial Group

Institutional investors have recently bought and sold shares of the company. GM Advisory Group LLC raised its position in shares of Bankwell Financial Group by 0.8% in the 1st quarter. GM Advisory Group LLC now owns 82,813 shares of the bank’s stock worth $2,148,000 after acquiring an additional 640 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Bankwell Financial Group by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock worth $7,100,000 after purchasing an additional 755 shares in the last quarter. Empowered Funds LLC lifted its stake in Bankwell Financial Group by 7.6% in the first quarter. Empowered Funds LLC now owns 17,444 shares of the bank’s stock valued at $452,000 after buying an additional 1,225 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Bankwell Financial Group by 42.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock worth $124,000 after buying an additional 1,449 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Bankwell Financial Group by 119.9% during the 1st 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 during the period. Institutional investors own 35.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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 note on Tuesday, July 30th.

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.