Bankwell Financial Group (NASDAQ:BWFG) Director Acquires $16,422.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Jeffrey Dunne purchased 357 shares of the company’s stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $46.00 per share, with a total value of $16,422.00. Following the completion of the transaction, the director owned 5,805 shares of the company’s stock, valued at approximately $267,030. This trade represents a 6.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bankwell Financial Group Stock Down 0.4%

Shares of BWFG opened at $46.72 on Thursday. Bankwell Financial Group, Inc. has a 12-month low of $26.39 and a 12-month high of $51.54. The business’s 50 day moving average is $47.86 and its 200 day moving average is $45.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $372.83 million, a PE ratio of 10.52 and a beta of 0.67.

Bankwell Financial Group (NASDAQ:BWFG) last posted 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 the consensus estimate of $28.06 million.

Bankwell Financial Group Dividend Announcement

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

Hedge Funds Weigh In On Bankwell Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position 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 worth $16,238,000 after acquiring an additional 13,823 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Bankwell Financial Group by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 314,446 shares of the bank’s stock valued at $14,409,000 after buying an additional 1,252 shares in the last quarter. Fourthstone LLC grew its position in shares of Bankwell Financial Group by 60.2% in the 2nd quarter. Fourthstone LLC now owns 266,865 shares of the bank’s stock valued at $9,615,000 after buying an additional 100,302 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Bankwell Financial Group by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 159,384 shares of the bank’s stock valued at $5,744,000 after buying an additional 8,178 shares during the last quarter. Finally, Siena Capital Partners GP LLC raised its stake in Bankwell Financial Group by 5.3% during the 3rd quarter. Siena Capital Partners GP LLC now owns 116,138 shares of the bank’s stock worth $5,139,000 after acquiring an additional 5,800 shares in the last quarter. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Wall Street Zen cut shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Keefe, Bruyette & Woods boosted their price target on Bankwell Financial Group from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Hovde Group lifted their price target on 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Bankwell Financial Group currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

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.