Bankwell Financial Group (NASDAQ:BWFG) Director Buys $19,869.00 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Carl Porto bought 370 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $53.70 per share, with a total value of $19,869.00. Following the purchase, the director owned 22,070 shares in the company, valued at $1,185,159. The trade was a 1.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bankwell Financial Group Stock Performance

Shares of NASDAQ BWFG traded up $0.97 during mid-day trading on Tuesday, reaching $54.97. 5,166 shares of the company were exchanged, compared to its average volume of 36,974. The company’s 50-day simple moving average is $51.55 and its 200-day simple moving average is $48.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $438.11 million, a P/E ratio of 11.04 and a beta of 0.62. Bankwell Financial Group, Inc. has a twelve month low of $33.85 and a twelve month high of $55.68.

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

Bankwell Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 8th. Bankwell Financial Group’s dividend payout ratio (DPR) is currently 16.06%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Bankwell Financial Group

Institutional investors have recently modified their holdings of the company. Hillsdale Investment Management Inc. bought a new position in Bankwell Financial Group during the third quarter worth $4,280,000. Sei Investments Co. boosted its stake in Bankwell Financial Group by 111.4% during the first quarter. Sei Investments Co. now owns 41,342 shares of the bank’s stock worth $2,006,000 after acquiring an additional 21,786 shares in the last quarter. Nuveen LLC boosted its stake in Bankwell Financial Group by 73.6% during the fourth quarter. Nuveen LLC now owns 42,776 shares of the bank’s stock worth $1,960,000 after acquiring an additional 18,130 shares in the last quarter. Focus Partners Wealth bought a new position in Bankwell Financial Group during the third quarter worth $759,000. Finally, Two Sigma Investments LP bought a new position in Bankwell Financial Group during the third quarter worth $695,000. 35.80% of the stock is owned by 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.