Key Points
- EVP Christine Chivily sold 2,553 shares on Nov. 12 at an average price of $45.52 for $116,212.56, cutting her stake by 15.48% to 13,939 shares (≈$634,503).
- Bankwell beat expectations for the quarter with EPS of $1.27 vs. $1.02 consensus and revenue of $27.76M, and announced a quarterly dividend of $0.20 (annualized $0.80, yield 1.8%; ex-dividend Nov. 10).
- The stock trades near $45.15 with a market cap of $355.8M and a PE of 12.62, a 52-week range of $26.39–$48.03, and carries a consensus analyst rating of "Moderate Buy" with a $47.50 target.
Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Christine Chivily sold 2,553 shares of the company's stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $45.52, for a total transaction of $116,212.56. Following the transaction, the executive vice president directly owned 13,939 shares in the company, valued at approximately $634,503.28. This trade represents a 15.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Bankwell Financial Group Price Performance
NASDAQ BWFG traded up $0.06 during trading hours on Thursday, reaching $45.15. The company's stock had a trading volume of 34,182 shares, compared to its average volume of 22,237. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.07 and a current ratio of 1.07. The company's 50-day moving average is $43.86 and its two-hundred day moving average is $39.51. The stock has a market cap of $355.78 million, a PE ratio of 12.62 and a beta of 0.73. Bankwell Financial Group, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $48.03.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The bank reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.25. The business had revenue of $27.76 million for the quarter, compared to the consensus estimate of $27.26 million. Bankwell Financial Group had a net margin of 14.10% and a return on equity of 10.18%.
Bankwell Financial Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Monday, November 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, November 10th. This represents a $0.80 annualized dividend and a yield of 1.8%. Bankwell Financial Group's payout ratio is currently 22.16%.
Institutional Investors Weigh In On Bankwell Financial Group
A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Bankwell Financial Group by 3.9% in the third quarter. Vanguard Group Inc. now owns 366,963 shares of the bank's stock valued at $16,238,000 after buying an additional 13,823 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Bankwell Financial Group by 3.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 313,194 shares of the bank's stock worth $13,860,000 after purchasing an additional 10,891 shares during the last quarter. Fourthstone LLC lifted its position in shares of Bankwell Financial Group by 60.2% in the 2nd quarter. Fourthstone LLC now owns 266,865 shares of the bank's stock valued at $9,615,000 after acquiring an additional 100,302 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of Bankwell Financial Group by 2.6% during the first quarter. Pacific Ridge Capital Partners LLC now owns 179,127 shares of the bank's stock valued at $5,406,000 after buying an additional 4,543 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Bankwell Financial Group by 5.4% during the second quarter. Geode Capital Management LLC now owns 159,384 shares of the bank's stock valued at $5,744,000 after buying an additional 8,178 shares during the period. 35.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BWFG has been the topic of several research reports. Hovde Group upped their price target on Bankwell Financial Group from $38.50 to $42.00 and gave the company a "market perform" rating in a research report on Tuesday, July 29th. Weiss Ratings reissued a "buy (b-)" rating on shares of Bankwell Financial Group in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Bankwell Financial Group from $48.00 to $53.00 and gave the stock an "outperform" rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Bankwell Financial Group has an average rating of "Moderate Buy" and a consensus price target of $47.50.
View Our Latest Research Report on Bankwell Financial Group
Bankwell Financial Group Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
