Ryan Jason Hildebrand Sells 1,088 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Ryan Jason Hildebrand sold 1,088 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $58.48, for a total transaction of $63,626.24. Following the completion of the transaction, the insider owned 2,246 shares in the company, valued at $131,346.08. This trade represents a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Bankwell Financial Group Stock Performance

Shares of NASDAQ:BWFG opened at $58.60 on Friday. Bankwell Financial Group, Inc. has a 12-month low of $36.22 and a 12-month high of $60.50. The company’s 50 day moving average price is $53.74 and its two-hundred day moving average price is $50.29. The firm has a market cap of $467.04 million, a PE ratio of 11.77 and a beta of 0.61. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42.

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

Bankwell Financial Group Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.80 annualized dividend and a yield of 1.4%. Bankwell Financial Group’s dividend payout ratio is currently 16.06%.

Institutional Investors Weigh In On Bankwell Financial Group

A number of hedge funds have recently made changes to their positions in BWFG. Legato Capital Management LLC bought a new stake in shares of Bankwell Financial Group during the fourth quarter worth $443,000. JPMorgan Chase & Co. boosted its holdings in shares of Bankwell Financial Group by 39.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,875 shares of the bank’s stock valued at $348,000 after acquiring an additional 2,217 shares in the last quarter. Daytona Street Capital LLC acquired a new stake in shares of Bankwell Financial Group during the 4th quarter valued at $229,000. GM Advisory Group LLC grew its position in Bankwell Financial Group by 0.5% during the 3rd quarter. GM Advisory Group LLC now owns 105,587 shares of the bank’s stock worth $4,672,000 after acquiring an additional 521 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Bankwell Financial Group by 93.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,175 shares of the bank’s stock worth $96,000 after acquiring an additional 1,051 shares during the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings cut shares of Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. Wall Street Zen cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

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.