Key Points
- CFO Courtney Sacchetti sold 1,062 shares on Feb. 9 at an average price of $49.79 for $52,876.98, cutting her holding by 24.91% to 3,201 shares (SEC filing).
- Bankwell reported quarterly EPS of $1.15, missing estimates of $1.20, while revenue beat at $30.32 million versus $28.06 million expected.
- The company declared a quarterly dividend of $0.20 (annualized $0.80), implying a ~1.6% yield and a dividend payout ratio of 18.02%.
Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) CFO Courtney Sacchetti sold 1,062 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $49.79, for a total transaction of $52,876.98. Following the sale, the chief financial officer directly owned 3,201 shares of the company's stock, valued at approximately $159,377.79. The trade was a 24.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Bankwell Financial Group Stock Down 0.1%
Shares of BWFG opened at $49.87 on Wednesday. The company has a market capitalization of $392.98 million, a P/E ratio of 11.23 and a beta of 0.70. Bankwell Financial Group, Inc. has a one year low of $26.39 and a one year high of $51.54. The business's 50 day simple moving average is $48.01 and its 200-day simple moving average is $44.82. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.07 and a quick ratio of 1.07.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The bank reported $1.15 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.05). The business had revenue of $30.32 million for the quarter, compared to analyst estimates of $28.06 million. Bankwell Financial Group had a net margin of 16.94% and a return on equity of 12.40%.
Bankwell Financial Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 10th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. Bankwell Financial Group's dividend payout ratio (DPR) is 18.02%.
Analyst Ratings Changes
A number of brokerages have commented on BWFG. Hovde Group increased their price objective on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the stock a "market perform" rating in a report on Monday, February 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Bankwell Financial Group in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bankwell Financial Group presently has an average rating of "Moderate Buy" and a consensus price target of $52.00.
Read Our Latest Report on Bankwell Financial Group
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Fourthstone LLC boosted its stake 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 purchasing an additional 100,302 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Bankwell Financial Group in the third quarter valued at approximately $4,280,000. Focus Partners Wealth bought a new position in Bankwell Financial Group in the third quarter valued at approximately $759,000. Two Sigma Investments LP acquired a new stake in Bankwell Financial Group during the 3rd quarter worth $695,000. Finally, Vanguard Group Inc. raised its position in shares of Bankwell Financial Group by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 366,963 shares of the bank's stock valued at $16,238,000 after acquiring an additional 13,823 shares during the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.
About Bankwell Financial Group
(
Get Free Report)
Bankwell Financial Group, Inc is a bank holding company headquartered in Westchester, Illinois, and serves as the parent of Bankwell Bank. Through its subsidiary, the company provides a full suite of banking products and services designed for both individual consumers and small‐ to mid‐sized businesses. Bankwell Bank operates multiple branches across suburban Cook and Lake counties, focusing on personalized service and local decision‐making.
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.
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