Key Points
- Director buying: Bankwell Financial Group director Lawrence Seidman bought 1,930 shares at $50.11 each, a $96,712 purchase that increased his stake by 0.89%.
- Recent performance: BWFG shares were up 1.1% to $51.04, near the stock’s 52-week high of $53.86, with a market cap of about $406.8 million.
- Fundamentals and income: The company beat quarterly earnings estimates with EPS of $1.41 versus $1.23 expected and recently declared a $0.20 quarterly dividend, implying a 1.6% yield.
Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Lawrence Seidman bought 1,930 shares of Bankwell Financial Group stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $50.11 per share, for a total transaction of $96,712.30. Following the purchase, the director owned 217,714 shares of the company's stock, valued at approximately $10,909,648.54. This trade represents a 0.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Bankwell Financial Group Trading Up 1.1%
Shares of BWFG opened at $51.04 on Friday. Bankwell Financial Group, Inc. has a twelve month low of $33.26 and a twelve month high of $53.86. The company has a market cap of $406.79 million, a P/E ratio of 10.25 and a beta of 0.63. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The company's fifty day simple moving average is $49.75 and its 200-day simple moving average is $47.96.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.18. Bankwell Financial Group had a net margin of 18.71% and a return on equity of 13.31%. The business had revenue of $30.23 million for the quarter, compared to the consensus estimate of $30.47 million. As a group, analysts expect that Bankwell Financial Group, Inc. will post 5.35 EPS for the current year.
Bankwell Financial Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Friday, May 8th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. Bankwell Financial Group's dividend payout ratio is currently 16.06%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on BWFG shares. Weiss Ratings raised shares of Bankwell Financial Group from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday. Hovde Group raised their price target on shares of Bankwell Financial Group from $48.00 to $49.00 and gave the stock a "market perform" rating in a research note on Monday, February 2nd. Keefe, Bruyette & Woods raised their price target on shares of Bankwell Financial Group from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, February 2nd. Finally, Wall Street Zen downgraded shares of Bankwell Financial Group from a "buy" rating to a "hold" rating in a research note on Sunday, May 3rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.
Get Our Latest Stock Report on Bankwell Financial Group
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in 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 purchasing an additional 13,823 shares during the period. Dimensional Fund Advisors LP increased its position in Bankwell Financial Group by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 319,241 shares of the bank's stock valued at $15,489,000 after purchasing an additional 4,795 shares during the period. Geode Capital Management LLC increased its position in Bankwell Financial Group by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 159,384 shares of the bank's stock valued at $5,744,000 after purchasing an additional 8,178 shares during the period. Siena Capital Partners GP LLC increased its position in Bankwell Financial Group by 5.3% during the 3rd quarter. Siena Capital Partners GP LLC now owns 116,138 shares of the bank's stock valued at $5,139,000 after purchasing an additional 5,800 shares during the period. Finally, State Street Corp increased its position in Bankwell Financial Group by 5.6% during the 4th quarter. State Street Corp now owns 115,711 shares of the bank's stock valued at $5,302,000 after purchasing an additional 6,138 shares during the period. Hedge funds and other institutional investors own 35.80% of the company's stock.
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.
Further Reading
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