Bankwell Financial Group, Inc. (NASDAQ:BWFG) Insider Matt Mcneill Sells 1,908 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Matt Mcneill sold 1,908 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.43, for a total transaction of $61,876.44. Following the transaction, the insider now directly owns 40,353 shares of the company’s stock, valued at approximately $1,308,647.79. This trade represents a 4.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bankwell Financial Group Stock Performance

Shares of Bankwell Financial Group stock opened at $31.56 on Tuesday. The business has a 50-day simple moving average of $31.07 and a 200-day simple moving average of $29.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. Bankwell Financial Group, Inc. has a one year low of $22.47 and a one year high of $35.25. The company has a market cap of $248.03 million, a PE ratio of 26.75 and a beta of 0.87.

Bankwell Financial Group (NASDAQ:BWFG) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.32 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be given a $0.20 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.53%. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 67.80%.

Institutional Investors Weigh In On Bankwell Financial Group

Several large investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised 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 buying an additional 715 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Bankwell Financial Group by 164.5% during the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after buying an additional 7,238 shares during the last quarter. Empowered Funds LLC increased its position 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. SeaCrest Wealth Management LLC purchased a new stake in Bankwell Financial Group during the 4th quarter valued at approximately $624,000. Finally, Barclays PLC lifted its position in Bankwell Financial Group by 47.7% during the 3rd 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 period. 35.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price target 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.

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.