Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Sells $14,533.70 in Stock

Bankwell Financial Group, Inc. (NASDAQ:BWFG) CFO Courtney E. Sacchetti sold 445 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.66, for a total transaction of $14,533.70. Following the transaction, the chief financial officer now directly owns 2,043 shares of the company’s stock, valued at approximately $66,724.38. This trade represents a 17.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Bankwell Financial Group Stock Performance

BWFG stock opened at $30.99 on Thursday. The company has a market capitalization of $243.58 million, a P/E ratio of 26.26 and a beta of 0.87. The company has a 50-day simple moving average of $30.98 and a 200 day simple moving average of $30.02. Bankwell Financial Group, Inc. has a fifty-two week low of $22.47 and a fifty-two week 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.

Bankwell Financial Group (NASDAQ:BWFG) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Bankwell Financial Group had a return on equity of 3.48% and a net margin of 4.76%.

Bankwell Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, February 11th. Bankwell Financial Group’s dividend payout ratio (DPR) is presently 67.80%.

Institutional Investors Weigh In On Bankwell Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in Bankwell Financial Group by 60.9% in the third quarter. BNP Paribas Financial Markets now owns 1,890 shares of the bank’s stock worth $57,000 after acquiring an additional 715 shares in the last quarter. JPMorgan Chase & Co. raised its position in Bankwell Financial Group by 164.5% in the third quarter. JPMorgan Chase & Co. now owns 11,638 shares of the bank’s stock worth $349,000 after acquiring an additional 7,238 shares in the last quarter. Empowered Funds LLC raised its position in Bankwell Financial Group by 5.0% in the third quarter. Empowered Funds LLC now owns 19,642 shares of the bank’s stock worth $588,000 after acquiring an additional 938 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Bankwell Financial Group in the fourth quarter worth about $624,000. Finally, Barclays PLC raised its position in Bankwell Financial Group by 47.7% in the third quarter. Barclays PLC now owns 20,781 shares of the bank’s stock worth $623,000 after acquiring an additional 6,710 shares in the last quarter. 35.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

About Bankwell Financial Group

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.