Bankwell Financial Group (NASDAQ:BWFG) Director Purchases $469,400.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Lawrence Seidman purchased 10,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of $46.94 per share, for a total transaction of $469,400.00. Following the completion of the purchase, the director directly owned 204,649 shares of the company’s stock, valued at approximately $9,606,224.06. This trade represents a 5.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Bankwell Financial Group Stock Down 0.6%

Shares of NASDAQ:BWFG traded down $0.30 during trading on Wednesday, hitting $46.60. The company’s stock had a trading volume of 4,643 shares, compared to its average volume of 29,893. Bankwell Financial Group, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $51.54. The business has a 50 day moving average price of $47.84 and a two-hundred day moving average price of $45.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $371.84 million, a PE ratio of 10.56 and a beta of 0.67.

Bankwell Financial Group (NASDAQ:BWFG) last released its earnings results on Thursday, January 29th. The bank reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.16. Bankwell Financial Group had a net margin of 16.94% and a return on equity of 12.21%. The firm had revenue of $30.32 million for the quarter, compared to analyst estimates of $28.06 million.

Bankwell Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, February 10th. Bankwell Financial Group’s dividend payout ratio is currently 18.02%.

Analyst Ratings Changes

A number of brokerages have weighed in on BWFG. Wall Street Zen cut Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Keefe, Bruyette & Woods increased their price target on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Finally, Hovde Group lifted their price objective on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the company a “market perform” rating in a research note on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and two have assigned 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. increased its holdings in shares of Bankwell Financial Group by 70.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 722 shares of the bank’s stock worth $26,000 after buying an additional 299 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Bankwell Financial Group by 585.0% in the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock valued at $30,000 after acquiring an additional 585 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Bankwell Financial Group by 38.8% in the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock valued at $40,000 after acquiring an additional 314 shares during the last quarter. CWM LLC grew its position in Bankwell Financial Group by 71.8% during the third quarter. CWM LLC now owns 1,041 shares of the bank’s stock valued at $46,000 after acquiring an additional 435 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Bankwell Financial Group during the second quarter worth about $50,000. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.

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.