Insider Buying: Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Purchases 346 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Eric J. Dale acquired 346 shares of Bankwell Financial Group stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of $32.91 per share, with a total value of $11,386.86. Following the completion of the transaction, the director now directly owns 37,807 shares of the company’s stock, valued at $1,244,228.37. This trade represents a 0.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Bankwell Financial Group Stock Down 0.0 %

Shares of NASDAQ:BWFG traded down $0.01 during trading on Tuesday, hitting $32.63. 18,890 shares of the company were exchanged, compared to its average volume of 13,743. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $35.25. The stock has a market cap of $256.47 million, a price-to-earnings ratio of 16.74 and a beta of 0.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average price of $30.78 and a two-hundred day moving average price of $28.03.

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

Bankwell Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Monday, November 11th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.45%. Bankwell Financial Group’s payout ratio is 41.03%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in shares of Bankwell Financial Group by 60.9% in the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after purchasing an additional 715 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Bankwell Financial Group by 42.3% in the 2nd 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 last quarter. Empowered Funds LLC raised its holdings in Bankwell Financial Group by 5.0% in the 3rd 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 lifted its position in Bankwell Financial Group by 47.7% during the third quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after acquiring an additional 6,710 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Bankwell Financial Group by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 28,548 shares of the bank’s stock valued at $724,000 after purchasing an additional 1,676 shares during the last quarter. 35.80% of the stock is owned by institutional investors and hedge funds.

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.