Key Points
- Director Lawrence Seidman purchased 10,000 shares on March 12 at an average price of $46.88 for $468,800, increasing his holdings to 212,819 shares (a 4.93% rise) valued at about $9.98 million.
- Operational beat: the company reported quarterly EPS of $1.36 versus a $1.20 consensus and revenue of $30.32 million versus $28.06 million, with a return on equity of 12.21% and a net margin of 16.94%.
- Dividend and market view: Bankwell pays a $0.20 quarterly dividend ($0.80 annualized, 1.7% yield, DPR 18.02%), has ~35.8% institutional ownership, and carries a “Moderate Buy” consensus with an average target price of $52.00.
Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Lawrence Seidman purchased 10,000 shares of Bankwell Financial Group stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $46.88 per share, for a total transaction of $468,800.00. Following the transaction, the director directly owned 212,819 shares of the company's stock, valued at $9,976,954.72. This represents a 4.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Bankwell Financial Group Price Performance
Bankwell Financial Group stock opened at $46.83 on Friday. The stock's fifty day moving average price is $47.92 and its two-hundred day moving average price is $45.96. The firm has a market cap of $373.70 million, a PE ratio of 10.55 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.06 and a quick ratio of 1.06. Bankwell Financial Group, Inc. has a one year low of $26.39 and a one year high of $51.54.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last released its earnings results on Thursday, January 29th. The bank reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.16. The company had revenue of $30.32 million for the quarter, compared to analyst estimates of $28.06 million. Bankwell Financial Group had a return on equity of 12.21% and a net margin of 16.94%.
Bankwell Financial Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, February 10th. Bankwell Financial Group's dividend payout ratio (DPR) is currently 18.02%.
Institutional Investors Weigh In On Bankwell Financial Group
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its stake in Bankwell Financial Group by 5.5% in the 2nd quarter. Acadian Asset Management LLC now owns 93,233 shares of the bank's stock valued at $3,357,000 after purchasing an additional 4,890 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Bankwell Financial Group during the third quarter worth $4,280,000. Fourthstone LLC increased its holdings in shares of Bankwell Financial Group by 60.2% during the second quarter. Fourthstone LLC now owns 266,865 shares of the bank's stock worth $9,615,000 after buying an additional 100,302 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Bankwell Financial Group during the second quarter worth $50,000. Finally, GM Advisory Group LLC lifted its stake in shares of Bankwell Financial Group by 0.6% in the 2nd quarter. GM Advisory Group LLC now owns 105,066 shares of the bank's stock valued at $3,786,000 after acquiring an additional 589 shares during the last quarter. 35.80% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on BWFG. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bankwell Financial Group in a report on Monday, December 29th. Wall Street Zen downgraded shares of Bankwell Financial Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Keefe, Bruyette & Woods raised their target price on Bankwell Financial Group from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, February 2nd. Finally, Hovde Group lifted their price target on Bankwell Financial Group from $48.00 to $49.00 and gave the company a "market perform" rating in a research note on Monday, February 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $52.00.
View Our Latest Stock Analysis on BWFG
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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