Insider Selling: Bankwell Financial Group, Inc. (NASDAQ:BWFG) Insider Sells 1,908 Shares of Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) insider Matt Mcneill sold 1,908 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.43, for a total value of $61,876.44. Following the transaction, the insider now owns 40,353 shares in the company, valued at $1,308,647.79. The trade was a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Bankwell Financial Group Price Performance

Shares of BWFG traded up $0.03 on Monday, reaching $31.62. The stock had a trading volume of 3,546 shares, compared to its average volume of 15,027. The firm has a 50-day moving average of $31.07 and a 200 day moving average of $29.95. The firm has a market capitalization of $248.53 million, a PE ratio of 26.80 and a beta of 0.87. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. 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 issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.33). Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%.

Bankwell Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.20 per share. 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 is presently 67.80%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price target 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 Inflows and Outflows

A number of large investors have recently made changes to their positions in BWFG. Fourthstone LLC purchased a new position in shares of Bankwell Financial Group in the 3rd quarter worth $776,000. SeaCrest Wealth Management LLC purchased a new position in shares of Bankwell Financial Group in the 4th quarter worth $624,000. Bank of New York Mellon Corp raised its position in shares of Bankwell Financial Group by 35.4% in the 4th quarter. Bank of New York Mellon Corp now owns 30,262 shares of the bank’s stock worth $943,000 after buying an additional 7,908 shares during the period. JPMorgan Chase & Co. raised its position in shares of Bankwell Financial Group by 164.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after buying an additional 7,238 shares during the period. Finally, Barclays PLC raised its position in shares of Bankwell Financial Group by 47.7% in the 3rd quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after buying an additional 6,710 shares during the period. Hedge funds and other institutional investors own 35.80% of the company’s stock.

About Bankwell Financial Group

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.