Insider Selling: Bankwell Financial Group (NASDAQ:BWFG) CFO Sells 1,062 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Courtney Sacchetti sold 1,062 shares of Bankwell Financial Group stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $49.79, for a total transaction of $52,876.98. Following the completion of the transaction, the chief financial officer directly owned 3,201 shares in the company, valued at approximately $159,377.79. The trade was a 24.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bankwell Financial Group Stock Down 0.5%

BWFG stock traded down $0.24 during midday trading on Tuesday, hitting $49.66. The company’s stock had a trading volume of 11,644 shares, compared to its average volume of 31,639. The stock has a market capitalization of $391.32 million, a P/E ratio of 11.19 and a beta of 0.70. The company’s fifty day moving average price is $47.94 and its 200 day moving average price is $44.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.07 and a quick ratio of 1.07. Bankwell Financial Group, Inc. has a twelve month low of $26.39 and a twelve month high of $51.54.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.05). Bankwell Financial Group had a return on equity of 12.40% and a net margin of 16.94%.The business had revenue of $30.32 million for the quarter, compared to the consensus estimate of $28.06 million.

Bankwell Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, February 10th. Bankwell Financial Group’s dividend payout ratio (DPR) is 18.02%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BWFG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price 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 increased their price target on Bankwell Financial Group from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Bankwell Financial Group has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Institutional Investors Weigh In On Bankwell Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of BWFG. Ameritas Investment Partners Inc. boosted its stake in Bankwell Financial Group by 70.7% during the second quarter. Ameritas Investment Partners Inc. now owns 722 shares of the bank’s stock valued at $26,000 after buying an additional 299 shares during the period. Barclays PLC grew its position in Bankwell Financial Group by 1.3% during the third quarter. Barclays PLC now owns 24,040 shares of the bank’s stock valued at $1,064,000 after acquiring an additional 307 shares during the last quarter. BNP Paribas Financial Markets raised its position in Bankwell Financial Group by 38.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank’s stock worth $40,000 after purchasing an additional 314 shares during the period. CWM LLC lifted its stake in shares of Bankwell Financial Group by 71.8% in the 3rd 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 last quarter. Finally, GM Advisory Group LLC boosted its stake in shares of Bankwell Financial Group by 0.5% during the third quarter. GM Advisory Group LLC now owns 105,587 shares of the bank’s stock valued at $4,672,000 after purchasing an additional 521 shares during the period. 35.80% of the stock is owned by hedge funds and other institutional investors.

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.