Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily Sells 942 Shares

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Christine Chivily sold 942 shares of Bankwell Financial Group stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.63, for a total value of $30,737.46. Following the sale, the executive vice president now directly owns 16,047 shares of the company’s stock, valued at $523,613.61. This trade represents a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Bankwell Financial Group Stock Performance

Shares of Bankwell Financial Group stock traded up $0.03 on Monday, reaching $31.62. 3,546 shares of the stock were exchanged, compared to its average volume of 15,027. The business has a 50 day moving average price of $31.07 and a two-hundred day moving average price of $29.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $248.53 million, a price-to-earnings ratio of 26.80 and a beta of 0.87. Bankwell Financial Group, Inc. has a twelve month low of $22.47 and a twelve month high of $35.25.

Bankwell Financial Group (NASDAQ:BWFG) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Bankwell Financial Group had a net margin of 4.76% and a return on equity of 3.48%.

Bankwell Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 67.80%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on Bankwell Financial Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

Institutional Trading of Bankwell Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in BWFG. Fourthstone LLC purchased a new stake in shares of Bankwell Financial Group in the third quarter valued at approximately $776,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Bankwell Financial Group in the fourth quarter valued at approximately $624,000. Bank of New York Mellon Corp increased its position in shares of Bankwell Financial Group by 35.4% in the fourth quarter. Bank of New York Mellon Corp now owns 30,262 shares of the bank’s stock valued at $943,000 after buying an additional 7,908 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Bankwell Financial Group by 164.5% in the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock valued at $349,000 after buying an additional 7,238 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Bankwell Financial Group by 47.7% in the third quarter. Barclays PLC now owns 20,781 shares of the bank’s stock valued at $623,000 after buying an additional 6,710 shares in the last quarter. 35.80% of the stock is currently owned by hedge funds and other institutional investors.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.