Eric Dale Purchases 530 Shares of Bankwell Financial Group (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Director Eric Dale purchased 530 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was purchased at an average cost of $67.11 per share, for a total transaction of $35,568.30. Following the completion of the acquisition, the director directly owned 43,026 shares of the company’s stock, valued at approximately $2,887,474.86. The trade was a 1.25% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bankwell Financial Group Price Performance

Shares of BWFG stock opened at $66.16 on Wednesday. The stock’s 50-day simple moving average is $64.06 and its 200-day simple moving average is $55.75. The firm has a market capitalization of $527.30 million, a price-to-earnings ratio of 12.37 and a beta of 0.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.03. Bankwell Financial Group, Inc. has a fifty-two week low of $40.44 and a fifty-two week high of $69.59.

Bankwell Financial Group (NASDAQ:BWFG) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.23. Bankwell Financial Group had a net margin of 19.80% and a return on equity of 13.94%. The company had revenue of $32.78 million for the quarter, compared to the consensus estimate of $30.63 million. As a group, equities analysts forecast that Bankwell Financial Group, Inc. will post 5.7 earnings per share for the current fiscal year.

Bankwell Financial Group Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Legal & General Group Plc acquired a new stake in shares of Bankwell Financial Group during the second quarter valued at about $37,000. Russell Investments Group Ltd. boosted its position in shares of Bankwell Financial Group by 585.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 685 shares of the bank’s stock worth $30,000 after purchasing an additional 585 shares during the period. BNP Paribas Financial Markets increased its holdings 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 valued at $40,000 after purchasing an additional 314 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Bankwell Financial Group in the second quarter valued at approximately $63,000. Finally, Tower Research Capital LLC TRC lifted its stake in Bankwell Financial Group by 523.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank’s stock worth $72,000 after purchasing an additional 1,675 shares in the last quarter. Institutional investors and hedge funds own 35.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on BWFG shares. Hovde Group upped their target price on Bankwell Financial Group from $51.00 to $63.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Weiss Ratings raised shares of Bankwell Financial Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, August 13th. Zacks Research upgraded shares of Bankwell Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Bankwell Financial Group from $62.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $67.50.

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.