Insider Selling: Bankwell Financial Group (NASDAQ:BWFG) Insider Sells $63,626.24 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Ryan Jason Hildebrand sold 1,088 shares of Bankwell Financial Group stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $58.48, for a total transaction of $63,626.24. Following the completion of the sale, the insider directly owned 2,246 shares in the company, valued at $131,346.08. This represents a 32.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bankwell Financial Group Price Performance

Shares of NASDAQ BWFG opened at $58.60 on Friday. The firm has a market cap of $467.04 million, a price-to-earnings ratio of 11.77 and a beta of 0.61. The company’s 50-day simple moving average is $53.92 and its 200-day simple moving average is $50.35. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.42. Bankwell Financial Group, Inc. has a 52-week low of $36.22 and a 52-week high of $60.50.

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

Bankwell Financial Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Bankwell Financial Group from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings cut Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Hedge Funds Weigh In On Bankwell Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Bankwell Financial Group by 25.1% during the 1st quarter. Bank of America Corp DE now owns 14,598 shares of the bank’s stock worth $708,000 after purchasing an additional 2,933 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Bankwell Financial Group by 9.9% in the first quarter. Empowered Funds LLC now owns 29,942 shares of the bank’s stock valued at $1,453,000 after purchasing an additional 2,689 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Bankwell Financial Group by 111.4% in the first quarter. Sei Investments Co. now owns 41,342 shares of the bank’s stock valued at $2,006,000 after purchasing an additional 21,786 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Bankwell Financial Group by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 319,241 shares of the bank’s stock worth $15,489,000 after buying an additional 4,795 shares in the last quarter. Finally, Assetmark Inc. purchased a new position in Bankwell Financial Group during the first quarter worth approximately $146,000. 35.80% of the stock is owned by hedge funds and other 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.