Bankwell Financial Group, Inc. (NASDAQ:BWFG - Get Free Report) Director Todd Lampert sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $53.59, for a total transaction of $187,565.00. Following the transaction, the director owned 12,366 shares of the company's stock, valued at approximately $662,693.94. The trade was a 22.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Bankwell Financial Group Stock Up 0.6%
Bankwell Financial Group stock opened at $54.00 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.05. Bankwell Financial Group, Inc. has a 52-week low of $33.85 and a 52-week high of $54.42. The firm has a 50 day moving average price of $51.55 and a two-hundred day moving average price of $48.96. The firm has a market cap of $430.38 million, a price-to-earnings ratio of 10.84 and a beta of 0.62.
Bankwell Financial Group (NASDAQ:BWFG - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.41 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $30.23 million during the quarter, compared to analyst estimates of $30.47 million. Equities analysts predict that Bankwell Financial Group, Inc. will post 5.35 EPS for the current year.
Bankwell Financial Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Friday, May 8th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, May 8th. This represents a $0.80 annualized dividend and a yield of 1.5%. Bankwell Financial Group's dividend payout ratio (DPR) is presently 16.06%.
Institutional Trading of Bankwell Financial Group
Several large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its position in shares of Bankwell Financial Group by 25.1% during the 1st quarter. Bank of America Corp DE now owns 14,598 shares of the bank's stock worth $708,000 after buying an additional 2,933 shares during the period. Empowered Funds LLC grew its position in shares of Bankwell Financial Group by 9.9% during the 1st quarter. Empowered Funds LLC now owns 29,942 shares of the bank's stock worth $1,453,000 after buying an additional 2,689 shares during the period. Sei Investments Co. grew its position in Bankwell Financial Group by 111.4% in the 1st quarter. Sei Investments Co. now owns 41,342 shares of the bank's stock valued at $2,006,000 after purchasing an additional 21,786 shares during the period. Dimensional Fund Advisors LP grew its position in Bankwell Financial Group by 1.5% in 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. Finally, Assetmark Inc. acquired a new stake in Bankwell Financial Group in the 1st quarter valued at $146,000. Institutional investors and hedge funds own 35.80% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on BWFG. Wall Street Zen downgraded shares of Bankwell Financial Group from a "buy" rating to a "hold" rating in a research report on Sunday, May 3rd. Weiss Ratings raised shares of Bankwell Financial Group from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.
Read Our Latest Analysis on BWFG
About Bankwell Financial Group
(
Get Free Report)
Bankwell Financial Group, Inc is a bank holding company headquartered in New Canaan, Connecticut, and serves as the parent company of Bankwell Bank. Bankwell Bank provides commercial, business and personal banking services, with branch locations primarily across Fairfield and New Haven counties in Connecticut, along with a New York presence.
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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