Christine Chivily Sells 942 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 942 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.63, for a total value of $30,737.46. Following the transaction, the executive vice president now directly owns 16,047 shares in the company, valued at approximately $523,613.61. The trade was a 5.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Bankwell Financial Group Price Performance

Shares of BWFG opened at $31.47 on Wednesday. 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 market capitalization of $247.35 million, a price-to-earnings ratio of 26.67 and a beta of 0.87. The firm has a 50-day simple moving average of $31.04 and a 200-day simple moving average of $29.98. 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 (NASDAQ:BWFG) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%.

Bankwell Financial Group Announces Dividend

The company also recently disclosed 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 of this dividend is Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.54%. Bankwell Financial Group’s payout ratio is currently 67.80%.

Institutional Investors Weigh In On Bankwell Financial Group

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Bankwell Financial Group by 47.7% during the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after acquiring an additional 6,710 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Bankwell Financial Group by 164.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock valued at $349,000 after acquiring an additional 7,238 shares during the period. Geode Capital Management LLC lifted its position in shares of Bankwell Financial Group by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 147,342 shares of the bank’s stock valued at $4,413,000 after acquiring an additional 5,438 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Bankwell Financial Group during the 4th quarter valued at approximately $624,000. Finally, State Street Corp lifted its position in shares of Bankwell Financial Group by 0.6% during the 3rd quarter. State Street Corp now owns 78,017 shares of the bank’s stock valued at $2,337,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 35.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their target price on shares of Bankwell Financial Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note 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.