Bankwell Financial Group (NASDAQ:BWFG) Insider Sells $149,898.04 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Ryan Jason Hildebrand sold 2,246 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $66.74, for a total value of $149,898.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ryan Jason Hildebrand also recently made the following trade(s):

• On Wednesday, July 1st, Ryan Jason Hildebrand sold 1,088 shares of Bankwell Financial Group stock. The stock was sold at an average price of $58.48, for a total value of $63,626.24.

Bankwell Financial Group Stock Down 0.5%

Shares of BWFG stock opened at $66.87 on Friday. The stock’s fifty day moving average price is $58.91 and its 200 day moving average price is $52.83. Bankwell Financial Group, Inc. has a 1-year low of $38.89 and a 1-year high of $69.59. The company has a market cap of $532.95 million, a price-to-earnings ratio of 12.50 and a beta of 0.59. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.05 and a quick ratio of 1.05.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.23. Bankwell Financial Group had a return on equity of 14.19% and a net margin of 19.80%.The business had revenue of $32.78 million during the quarter, compared to the consensus estimate of $30.63 million. On average, research analysts expect that Bankwell Financial Group, Inc. will post 5.7 earnings per share for the current fiscal year.

Bankwell Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Bankwell Financial Group’s dividend payout ratio (DPR) is 14.95%.

Analyst Ratings Changes

BWFG has been the topic of several research analyst reports. Hovde Group boosted their target price on shares of Bankwell Financial Group from $51.00 to $63.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of Bankwell Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods lifted their price objective on shares of Bankwell Financial Group from $62.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Weiss Ratings downgraded Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Bankwell Financial Group presently has a consensus rating of “Buy” and an average price target of $67.50.

Institutional Investors Weigh In On Bankwell Financial Group

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Bankwell Financial Group by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 366,963 shares of the bank’s stock valued at $16,238,000 after buying an additional 13,823 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bankwell Financial Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 319,241 shares of the bank’s stock valued at $15,489,000 after buying an additional 4,795 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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. State Street Corp boosted its stake in shares of Bankwell Financial Group by 5.6% in the fourth quarter. State Street Corp now owns 115,711 shares of the bank’s stock worth $5,302,000 after buying an additional 6,138 shares during the last quarter. Finally, GM Advisory Group LLC increased its holdings in shares of Bankwell Financial Group by 0.4% during the 1st quarter. GM Advisory Group LLC now owns 106,498 shares of the bank’s stock valued at $5,167,000 after purchasing an additional 439 shares in the last quarter. 35.80% of the stock is owned by hedge funds and other institutional investors.

About Bankwell Financial Group

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.