Darryl Demos Acquires 2,290 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Darryl Demos bought 2,290 shares of Bankwell Financial Group stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $32.61 per share, with a total value of $74,676.90. Following the completion of the transaction, the director now directly owns 8,156 shares in the company, valued at approximately $265,967.16. This trade represents a 39.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Bankwell Financial Group Trading Down 6.0 %

Shares of BWFG opened at $30.53 on Thursday. The firm has a market cap of $239.94 million, a P/E ratio of 15.66 and a beta of 0.86. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50-day moving average of $31.23 and a 200 day moving average of $28.40.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly 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. The company had revenue of $49.35 million for the quarter. Bankwell Financial Group had a net margin of 7.77% and a return on equity of 5.74%.

Bankwell Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Friday, November 8th. Bankwell Financial Group’s payout ratio is currently 41.03%.

Institutional Trading of Bankwell Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in Bankwell Financial Group by 60.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock worth $57,000 after purchasing an additional 715 shares during the period. Allspring Global Investments Holdings LLC boosted its position 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 during the period. Empowered Funds LLC boosted its position in shares of Bankwell Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after acquiring an additional 938 shares during the period. Barclays PLC grew its stake in 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 acquiring an additional 6,710 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Bankwell Financial Group by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock worth $724,000 after purchasing an additional 1,676 shares in the last quarter. 35.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

About Bankwell Financial Group

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.