Lawrence Seidman Acquires 323 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Lawrence Seidman acquired 323 shares of Bankwell Financial Group stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $53.70 per share, with a total value of $17,345.10. Following the transaction, the director owned 4,844 shares in the company, valued at approximately $260,122.80. This represents a 7.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Bankwell Financial Group Stock Performance

NASDAQ:BWFG opened at $55.75 on Thursday. Bankwell Financial Group, Inc. has a twelve month low of $33.85 and a twelve month high of $56.40. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $51.86 and a 200-day moving average of $49.12. The firm has a market cap of $444.49 million, a price-to-earnings ratio of 11.19 and a beta of 0.62.

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

Bankwell Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th were given a dividend of $0.20 per share. The ex-dividend date was Friday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. Bankwell Financial Group’s dividend payout ratio (DPR) is 16.06%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in shares of Bankwell Financial Group by 585.0% in the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock worth $30,000 after buying an additional 585 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Bankwell Financial Group by 38.8% in the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock worth $40,000 after buying an additional 314 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Bankwell Financial Group in the second quarter worth about $63,000. Tower Research Capital LLC TRC boosted its holdings in shares of Bankwell Financial Group by 523.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock worth $72,000 after buying an additional 1,675 shares during the period. Finally, Assetmark Inc. acquired a new position in shares of Bankwell Financial Group in the first quarter worth about $146,000. 35.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BWFG shares. Weiss Ratings upgraded 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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 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.