Key Points
- Christine Chivily, EVP of Bankwell Financial Group, sold 4,321 shares on May 1 at an average price of $52.16 for $225,383.36, leaving her with 11,865 shares (a 26.7% reduction in her position).
- Bankwell reported quarterly EPS of $1.41 (beating estimates of $1.23) with revenue of $30.23M, while the stock traded around $50.53 (market cap ~$402.7M, P/E ~10.15) and was down about 3.1%.
- The company declared a quarterly dividend of $0.20 per share (ex-dividend date May 8), implying an annualized $0.80 and a yield of ~1.6% with a payout ratio of ~16.1%.
Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) EVP Christine Chivily sold 4,321 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $52.16, for a total value of $225,383.36. Following the completion of the transaction, the executive vice president owned 11,865 shares of the company's stock, valued at approximately $618,878.40. The trade was a 26.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Christine Chivily also recently made the following trade(s):
- On Monday, February 9th, Christine Chivily sold 1,985 shares of Bankwell Financial Group stock. The shares were sold at an average price of $49.80, for a total value of $98,853.00.
Bankwell Financial Group Trading Down 3.1%
BWFG opened at $50.53 on Tuesday. The stock has a market cap of $402.72 million, a PE ratio of 10.15 and a beta of 0.63. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average of $49.14 and a 200-day moving average of $47.47. Bankwell Financial Group, Inc. has a 52 week low of $33.20 and a 52 week high of $53.86.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.18. The business had revenue of $30.23 million during the quarter, compared to analysts' expectations of $30.47 million. Bankwell Financial Group had a return on equity of 13.53% and a net margin of 18.71%. Equities research analysts predict that Bankwell Financial Group, Inc. will post 5.35 earnings per share for the current fiscal year.
Bankwell Financial Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Friday, May 8th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. Bankwell Financial Group's payout ratio is presently 16.06%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in BWFG. Russell Investments Group Ltd. raised its stake in shares of Bankwell Financial Group by 585.0% in the third quarter. Russell Investments Group Ltd. now owns 685 shares of the bank's stock worth $30,000 after purchasing an additional 585 shares during the last quarter. CWM LLC raised its stake in shares of Bankwell Financial Group by 71.8% in the third quarter. CWM LLC now owns 1,041 shares of the bank's stock worth $46,000 after purchasing an additional 435 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Bankwell Financial Group by 38.8% in the second quarter. BNP Paribas Financial Markets now owns 1,124 shares of the bank's stock worth $40,000 after purchasing an additional 314 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Bankwell Financial Group in the second quarter worth $63,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Bankwell Financial Group by 523.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,995 shares of the bank's stock worth $72,000 after purchasing an additional 1,675 shares during the last quarter. Hedge funds and other institutional investors own 35.80% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on BWFG shares. Keefe, Bruyette & Woods lifted their price objective on Bankwell Financial Group from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, February 2nd. Wall Street Zen cut Bankwell Financial Group from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Hovde Group lifted their price objective 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $52.00.
Get Our Latest Analysis on Bankwell Financial Group
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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