Ryan Jason Hildebrand Sells 2,246 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Ryan Jason Hildebrand sold 2,246 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $66.74, for a total transaction of $149,898.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ryan Jason Hildebrand also recently made the following trade(s):

• On Wednesday, July 1st, Ryan Jason Hildebrand sold 1,088 shares of Bankwell Financial Group stock. The stock was sold at an average price of $58.48, for a total transaction of $63,626.24.

Bankwell Financial Group Trading Down 0.3%

NASDAQ:BWFG opened at $67.22 on Thursday. The stock has a market capitalization of $535.95 million, a price-to-earnings ratio of 12.56 and a beta of 0.59. Bankwell Financial Group, Inc. has a 52 week low of $38.89 and a 52 week high of $69.59. 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 firm has a 50 day moving average of $58.62 and a 200 day moving average of $52.70.

Bankwell Financial Group (NASDAQ:BWFG) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.23. The business had revenue of $32.78 million for the quarter, compared to analyst estimates of $30.63 million. Bankwell Financial Group had a net margin of 19.80% and a return on equity of 14.19%. As a group, sell-side analysts anticipate that Bankwell Financial Group, Inc. will post 5.7 earnings per share for the current fiscal year.

Bankwell Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 10th. Bankwell Financial Group’s payout ratio is 14.95%.

Wall Street Analyst Weigh In

BWFG has been the subject of a number of research analyst reports. Zacks Research upgraded Bankwell Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Hovde Group increased their price objective on shares of Bankwell Financial Group from $51.00 to $63.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods lifted their target price on shares of Bankwell Financial Group from $62.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Weiss Ratings downgraded shares of Bankwell Financial Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $67.50.

Hedge Funds Weigh In On Bankwell Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in 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 valued at $708,000 after acquiring an additional 2,933 shares during the period. Empowered Funds LLC lifted its position in Bankwell Financial Group by 9.9% during 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 period. Sei Investments Co. boosted its holdings in 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 grew its position in Bankwell Financial Group by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 319,241 shares of the bank’s stock worth $15,489,000 after purchasing an additional 4,795 shares during the period. Finally, Assetmark Inc. purchased a new position in shares of Bankwell Financial Group during the 1st quarter valued at about $146,000. Institutional investors and hedge funds own 35.80% of the company’s stock.

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.