Bankwell Financial Group (NASDAQ:BWFG) Director Sells $187,565.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Todd Lampert sold 3,500 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $53.59, for a total value of $187,565.00. Following the sale, the director owned 12,366 shares in the company, valued at approximately $662,693.94. The trade was a 22.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bankwell Financial Group Stock Up 0.8%

Shares of NASDAQ:BWFG opened at $55.75 on Thursday. The business’s 50 day simple moving average is $51.86 and its two-hundred day simple moving average is $49.12. The firm has a market cap of $444.49 million, a P/E ratio of 11.19 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. Bankwell Financial Group, Inc. has a 52-week low of $33.85 and a 52-week high of $56.40.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.18. The business had revenue of $30.23 million during the quarter, compared to analyst estimates of $30.47 million. Bankwell Financial Group had a return on equity of 13.31% and a net margin of 18.71%. As a group, research analysts forecast that Bankwell Financial Group, Inc. will post 5.35 EPS for the current fiscal year.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Friday, May 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 8th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 16.06%.

Analyst Ratings Changes

A number of analysts recently commented on BWFG shares. Wall Street Zen downgraded Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings raised Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Institutional Trading of Bankwell Financial Group

A number of large investors have recently bought and sold shares of BWFG. Empowered Funds LLC increased its position in Bankwell Financial Group by 3.4% in the first quarter. Empowered Funds LLC now owns 21,262 shares of the bank’s stock worth $642,000 after buying an additional 702 shares during the last quarter. Jane Street Group LLC purchased a new stake in Bankwell Financial Group in the first quarter worth $250,000. Strs Ohio purchased a new stake in Bankwell Financial Group in the first quarter worth $148,000. Geode Capital Management LLC increased its position in Bankwell Financial Group by 5.4% in the second quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock worth $5,744,000 after buying an additional 8,178 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Bankwell Financial Group by 15.2% in the second quarter. Rhumbline Advisers now owns 10,119 shares of the bank’s stock worth $365,000 after acquiring an additional 1,335 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 is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.

The company’s deposit offerings include checking, savings and money market accounts, as well as certificates of deposit, all supported by an online and mobile banking platform for convenient account access.