Key Points
- Director Eric Dale bought 746 shares at an average price of $47.64 on Dec. 5 (total $35,539.44), raising his stake to 41,296 shares — a 1.84% ownership increase, according to an SEC filing.
- Bankwell beat estimates in its last quarter (EPS $1.27 vs. $1.02 expected; revenue $28.48M vs. $27.26M) and pays a quarterly dividend of $0.20 ($0.80 annual, ~1.7% yield; 22.16% payout ratio).
- The stock trades near its 52‑week high (opened $47.65; 52‑week range $26.39–$48.95) with a market cap of about $375M and a consensus analyst rating of Moderate Buy (target $47.50).
Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Jeffrey Dunne bought 363 shares of the company's stock in a transaction on Friday, December 5th. The shares were bought at an average price of $47.64 per share, for a total transaction of $17,293.32. Following the completion of the acquisition, the director directly owned 5,448 shares in the company, valued at approximately $259,542.72. This trade represents a 7.14% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Bankwell Financial Group Stock Up 0.7%
NASDAQ:BWFG opened at $47.65 on Tuesday. The stock has a 50-day simple moving average of $44.13 and a 200 day simple moving average of $40.97. Bankwell Financial Group, Inc. has a 52-week low of $26.39 and a 52-week high of $48.95. The company has a market cap of $375.48 million, a PE ratio of 13.20 and a beta of 0.71. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.07 and a current ratio of 1.07.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.25. The company had revenue of $28.48 million during 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Monday, November 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, November 10th. Bankwell Financial Group's payout ratio is currently 22.16%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price 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. Weiss Ratings restated a "buy (b)" rating on shares of Bankwell Financial Group in a report on Monday, December 1st. Finally, Wall Street Zen downgraded Bankwell Financial Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.50.
View Our Latest Stock Report on BWFG
Institutional Investors Weigh In On Bankwell Financial Group
A number of large investors have recently added to or reduced their stakes in BWFG. Charles Schwab Investment Management Inc. raised its holdings in Bankwell Financial Group by 5.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,636 shares of the bank's stock valued at $562,000 after acquiring an additional 1,000 shares in the last quarter. Nuveen LLC bought a new position in shares of Bankwell Financial Group in the first quarter worth $244,000. GM Advisory Group LLC increased its position in shares of Bankwell Financial Group by 15.6% in the first quarter. GM Advisory Group LLC now owns 104,477 shares of the bank's stock worth $3,153,000 after purchasing an additional 14,119 shares during the period. Trexquant Investment LP acquired a new position in Bankwell Financial Group in the first quarter valued at about $204,000. Finally, Empowered Funds LLC lifted its position in Bankwell Financial Group by 3.4% during the first quarter. Empowered Funds LLC now owns 21,262 shares of the bank's stock worth $642,000 after purchasing an additional 702 shares during the period. Institutional investors and hedge funds own 35.80% of the company's stock.
About Bankwell Financial Group
(
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.
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