Steven H. Brunner Sells 1,330 Shares of Bankwell Financial Group, Inc. (NASDAQ:BWFG) Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) EVP Steven H. Brunner sold 1,330 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $32.98, for a total transaction of $43,863.40. Following the completion of the transaction, the executive vice president now owns 3,002 shares of the company’s stock, valued at approximately $99,005.96. This trade represents a 30.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Bankwell Financial Group Stock Performance

BWFG stock opened at $30.53 on Thursday. The firm has a market cap of $239.94 million, a PE ratio of 15.66 and a beta of 0.86. Bankwell Financial Group, Inc. has a 12-month low of $22.47 and a 12-month high of $35.25. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $31.23 and a 200-day moving average of $28.40.

Bankwell Financial Group (NASDAQ:BWFG) last posted its earnings results on Monday, October 28th. The bank reported $0.24 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.32. The firm had revenue of $49.35 million during the quarter. Bankwell Financial Group had a net margin of 7.77% and a return on equity of 5.74%.

Bankwell Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a $0.20 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. Bankwell Financial Group’s dividend payout ratio is presently 41.03%.

Hedge Funds Weigh In On Bankwell Financial Group

Large investors have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in Bankwell Financial Group by 0.6% in the 3rd quarter. State Street Corp now owns 78,017 shares of the bank’s stock worth $2,337,000 after purchasing an additional 500 shares in the last quarter. GM Advisory Group LLC raised its holdings in Bankwell Financial Group by 0.7% in the third quarter. GM Advisory Group LLC now owns 89,807 shares of the bank’s stock worth $2,690,000 after buying an additional 653 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Bankwell Financial Group by 60.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock valued at $57,000 after acquiring an additional 715 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bankwell Financial Group by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 279,867 shares of the bank’s stock valued at $7,100,000 after purchasing an additional 755 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Bankwell Financial Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock valued at $588,000 after acquiring an additional 938 shares during the last quarter. Hedge funds and other institutional investors own 35.80% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price target on Bankwell Financial Group from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers. It offers various traditional depository products, including checking, savings, money market, and certificates of deposit. The company also provides first mortgage loans secured by one-to-four family owner occupied residential properties for personal use; home equity loans and home equity lines of credit secured by owner occupied one-to-four family residential properties; loans secured by commercial real estate, multi-family dwellings, owner-occupied commercial real estate, and investor-owned one-to-four family dwellings; commercial construction loans for commercial development projects, including apartment buildings and condominiums, as well as office buildings, retail, and other income producing properties; land loans; commercial business loans secured by assignments of corporate assets and personal guarantees of the business owners; loans to finance insurance premiums; overdraft lines of credit; and unsecured personal loans.