Steven H. Brunner Sells 1,330 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 1,330 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $32.98, for a total value of $43,863.40. Following the completion of the sale, the executive vice president now owns 3,002 shares of the company’s stock, valued at $99,005.96. The trade was a 30.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Bankwell Financial Group Trading Down 0.9 %

BWFG stock traded down $0.29 during midday trading on Tuesday, hitting $32.83. The company had a trading volume of 3,013 shares, compared to its average volume of 13,714. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. Bankwell Financial Group, Inc. has a 52 week low of $22.47 and a 52 week high of $35.25. The stock’s 50 day moving average price is $31.16 and its 200 day moving average price is $28.33. The stock has a market cap of $258.01 million, a price-to-earnings ratio of 16.84 and a beta of 0.86.

Bankwell Financial Group (NASDAQ:BWFG) last posted its earnings results on Monday, October 28th. The bank reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.32. Bankwell Financial Group had a return on equity of 5.74% and a net margin of 7.77%. The firm had revenue of $49.35 million for the quarter.

Bankwell Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 41.03%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price objective on Bankwell Financial Group from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

Hedge Funds Weigh In On Bankwell Financial Group

Several hedge funds have recently made changes to their positions in BWFG. BNP Paribas Financial Markets increased its stake in shares of Bankwell Financial Group by 60.9% during the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after buying an additional 715 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Bankwell Financial Group by 42.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,875 shares of the bank’s stock valued at $124,000 after buying an additional 1,449 shares during the period. Empowered Funds LLC increased its stake in shares of Bankwell Financial Group by 5.0% during the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after buying an additional 938 shares during the period. Barclays PLC increased its stake in shares of Bankwell Financial Group by 47.7% during the third quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after buying an additional 6,710 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Bankwell Financial Group by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock valued at $724,000 after buying an additional 1,676 shares during the period. 35.80% of the stock is owned by hedge funds and other institutional investors.

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.